Patria Investments (NYSE:PAX) Announces Earnings Results

Patria Investments (NYSE:PAX) issued its quarterly earnings results on Tuesday. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01), Zacks reports. Patria Investments had a net margin of 26.01% and a return on equity of 34.20%. The company had revenue of $78.10 million during the quarter, compared to the consensus estimate of $76.55 million. During the same period last year, the company earned $0.23 earnings per share.

Patria Investments Trading Down 2.3 %

Shares of PAX stock opened at $12.05 on Friday. Patria Investments has a 52-week low of $10.63 and a 52-week high of $16.16. The stock has a market cap of $720.23 million, a price-to-earnings ratio of 22.31, a P/E/G ratio of 1.50 and a beta of 0.57. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a fifty day moving average of $11.34 and a 200-day moving average of $12.14.

Patria Investments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 18th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend is Monday, November 18th. Patria Investments’s dividend payout ratio is 111.11%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group reduced their price target on shares of Patria Investments from $16.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd.

Patria Investments Company Profile

Patria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds.