Analysts Expect Transportadora de Gas del Sur SA ADR (NYSE:TGS) Will Announce Earnings of $0.33 Per Share

Brokerages expect Transportadora de Gas del Sur SA ADR (NYSE:TGS) to post $0.33 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Transportadora de Gas del Sur’s earnings. Transportadora de Gas del Sur posted earnings of $0.30 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 10%. The company is expected to announce its next earnings results on Wednesday, August 14th.

On average, analysts expect that Transportadora de Gas del Sur will report full-year earnings of $1.36 per share for the current financial year. For the next year, analysts forecast that the company will report earnings of $1.36 per share. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Transportadora de Gas del Sur.

Transportadora de Gas del Sur (NYSE:TGS) last announced its quarterly earnings results on Friday, May 10th. The energy company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.07. Transportadora de Gas del Sur had a return on equity of 55.91% and a net margin of 33.04%. The business had revenue of $277.30 million for the quarter.

TGS has been the subject of a number of recent analyst reports. ValuEngine raised United Overseas Bank from a “sell” rating to a “hold” rating in a research report on Monday, June 17th. Zacks Investment Research cut Zafgen from a “buy” rating to a “hold” rating in a research report on Saturday.

Shares of NYSE:TGS traded down $0.06 on Tuesday, reaching $15.20. The company had a trading volume of 195,942 shares, compared to its average volume of 356,572. Transportadora de Gas del Sur has a 52-week low of $8.81 and a 52-week high of $17.78. The business has a 50 day moving average of $14.54. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 7.79 and a beta of 0.50. The company has a quick ratio of 3.01, a current ratio of 3.04 and a debt-to-equity ratio of 0.63.

Several institutional investors have recently bought and sold shares of TGS. Gulf International Bank UK Ltd acquired a new stake in shares of Transportadora de Gas del Sur in the 2nd quarter worth $43,000. Deltec Asset Management LLC boosted its position in shares of Transportadora de Gas del Sur by 6.7% in the 1st quarter. Deltec Asset Management LLC now owns 16,000 shares of the energy company’s stock worth $211,000 after purchasing an additional 1,000 shares in the last quarter. Fort Sheridan Advisors LLC boosted its position in shares of Transportadora de Gas del Sur by 56.0% in the 1st quarter. Fort Sheridan Advisors LLC now owns 17,505 shares of the energy company’s stock worth $230,000 after purchasing an additional 6,286 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its position in shares of Transportadora de Gas del Sur by 214.9% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 31,808 shares of the energy company’s stock worth $477,000 after purchasing an additional 21,708 shares in the last quarter. Finally, Gruss & Co. Inc. acquired a new stake in shares of Transportadora de Gas del Sur in the 1st quarter worth $484,000. 9.05% of the stock is owned by hedge funds and other institutional investors.

About Transportadora de Gas del Sur

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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