Must-See Earnings Estimates Tsakos Energy Navigation (NYSE:TNP)

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Earnings results for Tsakos Energy Navigation (NYSE:TNP)

Tsakos Energy Navigation Ltd is expected* to report earnings on 11/23/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.32. The reported EPS for the same quarter last year was $-1.1.

Tsakos Energy Navigation last issued its quarterly earnings data on September 23rd, 2020. The shipping company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by $0.09. The company earned $155.36 million during the quarter, compared to analysts’ expectations of $178.69 million. Tsakos Energy Navigation has generated ($0.05) earnings per share over the last year and currently has a price-to-earnings ratio of 10.4. Tsakos Energy Navigation has confirmed that its next quarterly earnings report will be published on Monday, November 23rd, 2020.

Analyst Opinion on Tsakos Energy Navigation (NYSE:TNP)

2 Wall Street analysts have issued ratings and price targets for Tsakos Energy Navigation in the last 12 months. Their average twelve-month price target is $10.50, predicting that the stock has a possible upside of 31.09%. The high price target for TNP is $11.00 and the low price target for TNP is $10.00. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

Tsakos Energy Navigation has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $10.50, Tsakos Energy Navigation has a forecasted upside of 31.1% from its current price of $8.01. Tsakos Energy Navigation has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Tsakos Energy Navigation (NYSE:TNP)

Tsakos Energy Navigation is a leading dividend payer. It pays a dividend yield of 7.92%, putting its dividend yield in the top 25% of dividend-paying stocks. Tsakos Energy Navigation has only been increasing its dividend for 1 years. Based on earnings estimates, Tsakos Energy Navigation will have a dividend payout ratio of 16.32% next year. This indicates that Tsakos Energy Navigation will be able to sustain or increase its dividend.

Insiders buying/selling: Tsakos Energy Navigation (NYSE:TNP)

In the past three months, Tsakos Energy Navigation insiders have not sold or bought any company stock. Only 1.00% of the stock of Tsakos Energy Navigation is held by insiders.

Earnings and Valuation of Tsakos Energy Navigation (NYSE:TNP

Earnings for Tsakos Energy Navigation are expected to grow by 27.39% in the coming year, from $3.03 to $3.86 per share. The P/E ratio of Tsakos Energy Navigation is 10.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.24. The P/E ratio of Tsakos Energy Navigation is 10.40, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 19.98. Tsakos Energy Navigation has a P/B Ratio of 0.10. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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