Wall Street brokerages expect KNOT Offshore Partners LP (NYSE:KNOP) to post $70.31 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for KNOT Offshore Partners’ earnings, with the highest sales estimate coming in at $70.52 million and the lowest estimate coming in at $70.10 million. KNOT Offshore Partners reported sales of $69.77 million in the same quarter last year, which indicates a positive year-over-year growth rate of 0.8%. The company is scheduled to report its next earnings report on Tuesday, September 3rd.
According to Zacks, analysts expect that KNOT Offshore Partners will report full-year sales of $282.79 million for the current financial year, with estimates ranging from $282.10 million to $283.47 million. For the next fiscal year, analysts expect that the business will post sales of $281.58 million, with estimates ranging from $281.45 million to $281.70 million. Zacks’ sales averages are an average based on a survey of research firms that follow KNOT Offshore Partners.
KNOT Offshore Partners (NYSE:KNOP) last posted its quarterly earnings data on Thursday, May 23rd. The shipping company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.29). The company had revenue of $70.55 million during the quarter, compared to analyst estimates of $69.84 million. KNOT Offshore Partners had a net margin of 22.81% and a return on equity of 9.95%.
KNOP opened at $18.99 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $624.38 million, a price-to-earnings ratio of 7.57 and a beta of 0.60. KNOT Offshore Partners has a 1-year low of $17.18 and a 1-year high of $22.75.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, May 2nd were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 10.95%. The ex-dividend date of this dividend was Wednesday, May 1st. KNOT Offshore Partners’s dividend payout ratio (DPR) is presently 82.87%.
Several hedge funds and other institutional investors have recently modified their holdings of KNOP. Kayne Anderson Capital Advisors LP boosted its stake in shares of KNOT Offshore Partners by 29.9% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 2,376,163 shares of the shipping company’s stock valued at $45,121,000 after purchasing an additional 547,500 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of KNOT Offshore Partners by 34.2% in the 1st quarter. Renaissance Technologies LLC now owns 366,100 shares of the shipping company’s stock valued at $6,952,000 after purchasing an additional 93,200 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of KNOT Offshore Partners by 23.3% in the 1st quarter. First Trust Advisors LP now owns 416,473 shares of the shipping company’s stock valued at $7,909,000 after purchasing an additional 78,634 shares during the last quarter. Green Square Capital LLC boosted its stake in shares of KNOT Offshore Partners by 4.9% in the 4th quarter. Green Square Capital LLC now owns 578,512 shares of the shipping company’s stock valued at $10,373,000 after purchasing an additional 27,130 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of KNOT Offshore Partners by 6.9% in the 1st quarter. Morgan Stanley now owns 314,149 shares of the shipping company’s stock valued at $5,965,000 after purchasing an additional 20,280 shares during the last quarter. 34.83% of the stock is currently owned by institutional investors.
KNOT Offshore Partners Company Profile
KNOT Offshore Partners LP owns and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and storage of crude oil under time charters and bareboat charters. As of April 10, 2019, it had a fleet of 16 shuttle tankers. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.
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