USD Partners LP (NYSE:USDP) released its earnings results on Tuesday, August 8th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.17, reports. USD Partners had a net margin of 21.37% and a return on equity of 42.91%. The firm had revenue of $26.99 million during the quarter, compared to the consensus estimate of $27.63 million.
Shares of USD Partners (USDP) traded up 0.48% on Friday, reaching $10.55. 139,670 shares of the company’s stock were exchanged. The company has a market capitalization of $278.09 million, a P/E ratio of 9.36 and a beta of 1.03. The firm’s 50 day moving average price is $11.35 and its 200-day moving average price is $12.74. USD Partners has a 12 month low of $9.85 and a 12 month high of $17.50.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Monday, August 7th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 12.89%. This is a boost from USD Partners’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, August 3rd. USD Partners’s payout ratio is 110.57%.
In related news, insider G Stacy Smith purchased 13,500 shares of the stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of $10.83 per share, for a total transaction of $146,205.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
About USD Partners
USD Partners LP acquires, develops and operates energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company’s segments include Terminalling services and Fleet services. The Terminalling services segment consists of various operations, including Hardisty terminal, Casper terminal and Ethanol terminals.
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