Transportadora de Gas del Sur SA ADR (NYSE:TGS) Expected to Post Earnings of -$0.05 Per Share

Wall Street brokerages expect Transportadora de Gas del Sur SA ADR (NYSE:TGS) to report earnings of ($0.05) per share for the current quarter, according to Zacks. Zero analysts have made estimates for Transportadora de Gas del Sur’s earnings. Transportadora de Gas del Sur reported earnings per share of $1.27 in the same quarter last year, which would suggest a negative year over year growth rate of 103.9%. The firm is expected to issue its next quarterly earnings results on Thursday, March 5th.

On average, analysts expect that Transportadora de Gas del Sur will report full year earnings of $0.77 per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $0.07 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Transportadora de Gas del Sur.

Transportadora de Gas del Sur (NYSE:TGS) last released its earnings results on Thursday, November 7th. The energy company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $185.52 million for the quarter. Transportadora de Gas del Sur had a net margin of 39.60% and a return on equity of 40.37%.

A number of brokerages have recently issued reports on TGS. TheStreet downgraded Transportadora de Gas del Sur from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th. ValuEngine lowered Transportadora de Gas del Sur from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research cut Transportadora de Gas del Sur from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Finally, Morgan Stanley downgraded Transportadora de Gas del Sur from an “equal weight” rating to an “underweight” rating in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $9.25.

Institutional investors have recently added to or reduced their stakes in the stock. HM Payson & Co. bought a new position in Transportadora de Gas del Sur during the second quarter worth $36,000. Russell Investments Group Ltd. acquired a new stake in shares of Transportadora de Gas del Sur in the 2nd quarter valued at about $54,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Transportadora de Gas del Sur in the 2nd quarter valued at about $69,000. Aperio Group LLC bought a new stake in Transportadora de Gas del Sur in the 2nd quarter valued at about $98,000. Finally, Panagora Asset Management Inc. bought a new stake in Transportadora de Gas del Sur in the 2nd quarter valued at about $106,000. Institutional investors own 9.83% of the company’s stock.

Transportadora de Gas del Sur stock traded up $0.36 during trading hours on Friday, reaching $6.11. 1,020,961 shares of the company’s stock were exchanged, compared to its average volume of 554,821. The firm’s 50 day simple moving average is $6.82 and its 200 day simple moving average is $10.56. Transportadora de Gas del Sur has a twelve month low of $5.53 and a twelve month high of $17.00. The company has a quick ratio of 2.62, a current ratio of 2.72 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $934.89 million, a PE ratio of 3.25 and a beta of 0.77.

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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