TransMontaigne Partners L.P. (TLP) Releases Earnings Results, Misses Expectations By $-0.12 EPS

TransMontaigne Partners L.P. (TLP) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.41 earnings per share for the quarter, missing the analyst consensus estimate by $-0.12. Analysts had a consensus of $0.53. The company posted revenue of $40.63 million in the period, compared to analysts expectations of $39.29 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Many Wall Street Analysts have commented on TransMontaigne Partners L.P.. Company shares were Reiterated by Stifel on Apr 13, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $40 .Company shares were Reiterated by Stifel on Mar 11, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $38 .Company shares were Reiterated by Stifel on Mar 2, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $33 .

TransMontaigne Partners L.P. opened for trading at $40.28 and hit $40.77 on the upside on Wednesday, eventually ending the session at $40.64, with a gain of 1.02% or 0.41 points. The heightened volatility saw the trading volume jump to 34,569 shares. Company has a market cap of $655 M.

TransMontaigne Partners L.P. (TransMontaigne Partners) is a terminalling and transportation company with operations in the United States along the Gulf Coast in the Midwest in Brownsville Texas along the Mississippi and Ohio Rivers and in the Southeast. It provides integrated terminalling storage and transportation for customers engaged in the distribution and marketing of light refined petroleum products heavy refined petroleum products crude oil chemicals fertilizers and other liquid products. Light refined products include gasolines diesel fuels heating oil and jet fuels. Heavy refined products include residual fuel oils and asphalt. The Company’s business segments include Gulf Coast terminals Midwest terminals and pipeline system Brownsville terminals River terminals and Southeast terminals.

TransMontaigne Partners L.P.

Leave a Reply

TransMontaigne Partners L.P. - Is it time to Sell?

Top Brokerage Firms are advising their investors on TransMontaigne Partners L.P.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.