KNOT Offshore Partners (KNOP) Set to Announce Quarterly Earnings on Thursday

KNOT Offshore Partners (NYSE:KNOP) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, December 5th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

KNOT Offshore Partners (NYSE:KNOP) last released its quarterly earnings data on Tuesday, September 3rd. The shipping company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.25). The firm had revenue of $74.42 million during the quarter, compared to analyst estimates of $69.84 million. KNOT Offshore Partners had a net margin of 0.66% and a return on equity of 2.84%. During the same period in the prior year, the firm earned $0.27 earnings per share. On average, analysts expect KNOT Offshore Partners to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

KNOT Offshore Partners Stock Performance

NYSE KNOP opened at $5.89 on Wednesday. The firm has a market capitalization of $202.01 million, a P/E ratio of 117.80 and a beta of 0.74. KNOT Offshore Partners has a 1-year low of $4.94 and a 1-year high of $9.11. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.76 and a quick ratio of 0.72. The business’s 50-day simple moving average is $6.28 and its 200-day simple moving average is $6.83.

KNOT Offshore Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were paid a $0.026 dividend. This represents a $0.10 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Monday, October 28th. KNOT Offshore Partners’s dividend payout ratio is currently 200.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered KNOT Offshore Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th.

KNOT Offshore Partners Company Profile

KNOT Offshore Partners LP acquires, owns, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and discharge of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.