Hafnia (HAFN) to Release Earnings on Tuesday

Hafnia (NYSE:HAFN) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, March 4th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.

Hafnia (NYSE:HAFN) last posted its quarterly earnings results on Wednesday, November 27th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Hafnia had a return on equity of 36.90% and a net margin of 53.44%.

Hafnia Stock Down 1.3 %

Shares of NYSE HAFN opened at $4.99 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The firm has a market cap of $2.53 billion and a PE ratio of 2.93. The company’s fifty day simple moving average is $5.39 and its 200 day simple moving average is $6.22. Hafnia has a 12-month low of $4.96 and a 12-month high of $8.99.

Hafnia Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, December 6th were paid a dividend of $0.379 per share. This represents a $1.52 dividend on an annualized basis and a yield of 30.41%. The ex-dividend date of this dividend was Friday, December 6th. Hafnia’s dividend payout ratio (DPR) is currently 88.82%.

Analyst Ratings Changes

Separately, Jefferies Financial Group reduced their price target on shares of Hafnia from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, December 17th.

About Hafnia

Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels.