TransMontaigne Partners (NYSE:TLP) released its quarterly earnings results on Thursday. The pipeline company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01), MarketWatch Earnings reports. The business had revenue of $57.15 million during the quarter, compared to analyst estimates of $58.11 million. TransMontaigne Partners had a return on equity of 10.81% and a net margin of 19.14%.

NYSE:TLP traded down $0.20 during trading hours on Friday, hitting $37.90. 10,466 shares of the stock were exchanged, compared to its average volume of 21,720. TransMontaigne Partners has a 52-week low of $33.97 and a 52-week high of $42.85. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.63. The firm has a market cap of $615.63 million, a P/E ratio of 21.81, a price-to-earnings-growth ratio of 4.35 and a beta of 0.18.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 8th. Shareholders of record on Wednesday, October 31st were paid a dividend of $0.805 per share. This is a positive change from TransMontaigne Partners’s previous quarterly dividend of $0.80. This represents a $3.22 annualized dividend and a yield of 8.50%. The ex-dividend date was Tuesday, October 30th. TransMontaigne Partners’s payout ratio is 146.36%.

TLP has been the subject of a number of analyst reports. Zacks Investment Research raised TransMontaigne Partners from a “sell” rating to a “buy” rating and set a $43.00 price target for the company in a report on Tuesday, October 16th. Wells Fargo & Co reduced their price target on TransMontaigne Partners from $41.00 to $38.00 and set a “market perform” rating for the company in a report on Tuesday, August 14th. UBS Group reduced their price target on TransMontaigne Partners from $57.00 to $55.00 and set a “buy” rating for the company in a report on Friday, August 10th. Finally, TheStreet cut TransMontaigne Partners from a “b” rating to a “c+” rating in a report on Wednesday, September 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. TransMontaigne Partners presently has an average rating of “Hold” and a consensus target price of $44.00.

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About TransMontaigne Partners

TransMontaigne Partners L.P. provides integrated terminaling, storage, transportation, and related services. The company operates through Gulf Coast terminals, Midwest terminals and pipeline system, Brownsville terminals, River terminals, Southeast terminals, and West Coast terminals segments. It offers its services for companies engaged in the trading, distribution, and marketing of light and heavy refined petroleum products, crude oil, chemicals, fertilizers, and other liquid products.

See Also: Cost of Capital

Earnings History for TransMontaigne Partners (NYSE:TLP)

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