Zacks: Brokerages Anticipate Transportadora de Gas del Sur SA ADR (NYSE:TGS) Will Post Earnings of $0.23 Per Share

Brokerages forecast that Transportadora de Gas del Sur SA ADR (NYSE:TGS) will announce earnings of $0.23 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Transportadora de Gas del Sur’s earnings. Transportadora de Gas del Sur posted earnings per share of $0.44 in the same quarter last year, which would suggest a negative year over year growth rate of 47.7%. The company is expected to announce its next quarterly earnings report on Friday, May 8th.

On average, analysts expect that Transportadora de Gas del Sur will report full year earnings of $0.29 per share for the current fiscal year. For the next year, analysts expect that the firm will report earnings of $0.59 per share. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Transportadora de Gas del Sur.

Transportadora de Gas del Sur (NYSE:TGS) last posted its earnings results on Friday, March 6th. The energy company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.19 by $0.28. Transportadora de Gas del Sur had a return on equity of 26.68% and a net margin of 26.21%. The company had revenue of $216.65 million for the quarter.

Several equities analysts have recently commented on TGS shares. ValuEngine raised Transportadora de Gas del Sur from a “sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Zacks Investment Research raised Transportadora de Gas del Sur from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research report on Wednesday, March 11th.

Shares of Transportadora de Gas del Sur stock traded down $0.16 on Monday, hitting $4.52. The stock had a trading volume of 772,367 shares, compared to its average volume of 497,342. Transportadora de Gas del Sur has a twelve month low of $3.72 and a twelve month high of $16.69. The business’s 50 day moving average is $5.55 and its two-hundred day moving average is $6.76. The company has a quick ratio of 2.59, a current ratio of 2.63 and a debt-to-equity ratio of 0.66. The stock has a market cap of $670.18 million, a price-to-earnings ratio of 3.01 and a beta of 0.72.

Several institutional investors have recently bought and sold shares of TGS. Benjamin F. Edwards & Company Inc. grew its position in Transportadora de Gas del Sur by 89.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 4,891 shares of the energy company’s stock worth $35,000 after buying an additional 2,306 shares in the last quarter. NEXT Financial Group Inc acquired a new stake in shares of Transportadora de Gas del Sur in the 4th quarter valued at $40,000. Barclays PLC boosted its holdings in shares of Transportadora de Gas del Sur by 88.4% in the 3rd quarter. Barclays PLC now owns 15,634 shares of the energy company’s stock valued at $132,000 after purchasing an additional 7,334 shares in the last quarter. Andra AP fonden boosted its holdings in shares of Transportadora de Gas del Sur by 10.7% in the 3rd quarter. Andra AP fonden now owns 77,800 shares of the energy company’s stock valued at $661,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Transportadora de Gas del Sur in the 4th quarter valued at $139,000. 6.67% of the stock is currently owned by institutional investors.

Transportadora de Gas del Sur Company Profile

Transportadora de Gas del Sur SA provides natural gas transportation and distribution services in Argentina. The company operates through four segments: Natural Gas Transportation, Liquids Production and Commercialization, Other Services, and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,706 miles of pipeline system to distribution companies, power plants, and industrial customers.

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