Analysts forecast that KNOT Offshore Partners LP (NYSE:KNOP) will post sales of $58.69 million for the current quarter, Zacks reports. Two analysts have provided estimates for KNOT Offshore Partners’ earnings, with the lowest sales estimate coming in at $57.60 million and the highest estimate coming in at $59.79 million. KNOT Offshore Partners reported sales of $45.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 30.4%. The company is expected to issue its next quarterly earnings results before the market opens on Wednesday, February 21st.
On average, analysts expect that KNOT Offshore Partners will report full-year sales of $58.69 million for the current year, with estimates ranging from $215.20 million to $217.40 million. For the next fiscal year, analysts forecast that the business will post sales of $255.50 million per share, with estimates ranging from $250.00 million to $261.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover KNOT Offshore Partners.
KNOT Offshore Partners (NYSE:KNOP) last announced its quarterly earnings data on Wednesday, February 21st. The shipping company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.02). KNOT Offshore Partners had a net margin of 34.02% and a return on equity of 11.18%.
KNOT Offshore Partners (NYSE:KNOP) opened at $20.90 on Wednesday. KNOT Offshore Partners has a twelve month low of $19.15 and a twelve month high of $24.42. The firm has a market cap of $694.98, a P/E ratio of 8.78 and a beta of 0.68. The company has a quick ratio of 0.46, a current ratio of 0.48 and a debt-to-equity ratio of 1.63.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, February 2nd were issued a $0.52 dividend. The ex-dividend date was Thursday, February 1st. This represents a $2.08 annualized dividend and a yield of 9.95%. KNOT Offshore Partners’s dividend payout ratio (DPR) is presently 87.39%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Texas Yale Capital Corp. acquired a new stake in KNOT Offshore Partners in the third quarter worth $200,000. Royal Bank of Canada raised its holdings in KNOT Offshore Partners by 4.8% in the second quarter. Royal Bank of Canada now owns 8,775 shares of the shipping company’s stock worth $201,000 after purchasing an additional 405 shares during the period. Citadel Advisors LLC raised its holdings in KNOT Offshore Partners by 36.8% in the fourth quarter. Citadel Advisors LLC now owns 14,779 shares of the shipping company’s stock worth $307,000 after purchasing an additional 3,979 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in KNOT Offshore Partners in the second quarter worth $381,000. Finally, Naples Global Advisors LLC raised its holdings in KNOT Offshore Partners by 24.8% in the fourth quarter. Naples Global Advisors LLC now owns 21,125 shares of the shipping company’s stock worth $438,000 after purchasing an additional 4,200 shares during the period. Institutional investors own 43.81% of the company’s stock.
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About KNOT Offshore Partners
KNOT Offshore Partners LP (KNOT Offshore Partners or the Partnership), owns, operates and acquires shuttle tankers under long-term charters. The Partnership’s vessels in its fleet are chartered to Statoil ASA (Statoil), Petrobras Transporte SA (Transpetro), Repsol Sinopec Brasil, SA (Repsol), Royal Dutch Shell plc, ExxonMobil, and Eni Trading and Shipping S.p.A.
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