Brokerages Anticipate KNOT Offshore Partners LP (NYSE:KNOP) Will Announce Earnings of $0.50 Per Share

Analysts expect KNOT Offshore Partners LP (NYSE:KNOP) to announce $0.50 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for KNOT Offshore Partners’ earnings. KNOT Offshore Partners posted earnings of $0.66 per share in the same quarter last year, which suggests a negative year over year growth rate of 24.2%. The company is scheduled to report its next earnings report on Tuesday, September 3rd.

On average, analysts expect that KNOT Offshore Partners will report full year earnings of $2.01 per share for the current year. For the next fiscal year, analysts anticipate that the company will report earnings of $2.22 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover KNOT Offshore Partners.

KNOT Offshore Partners (NYSE:KNOP) last posted its earnings results on Thursday, May 23rd. The shipping company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.29). The company had revenue of $70.55 million for the quarter, compared to analysts’ expectations of $69.84 million. KNOT Offshore Partners had a return on equity of 9.95% and a net margin of 22.81%.

A number of analysts have weighed in on KNOP shares. TheStreet upgraded KNOT Offshore Partners from a “c” rating to a “b-” rating in a report on Thursday, March 14th. Zacks Investment Research lowered KNOT Offshore Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 28th. Finally, Barclays restated a “hold” rating and set a $20.00 target price on shares of KNOT Offshore Partners in a report on Monday, March 18th.

Institutional investors have recently bought and sold shares of the business. SeaBridge Investment Advisors LLC purchased a new stake in KNOT Offshore Partners during the fourth quarter worth $36,000. IFP Advisors Inc purchased a new stake in shares of KNOT Offshore Partners during the 4th quarter valued at $74,000. AllSquare Wealth Management LLC lifted its holdings in shares of KNOT Offshore Partners by 25.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 5,000 shares of the shipping company’s stock valued at $95,000 after purchasing an additional 1,000 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of KNOT Offshore Partners during the 1st quarter valued at $198,000. Finally, Stifel Financial Corp purchased a new stake in shares of KNOT Offshore Partners during the 4th quarter valued at $197,000. Institutional investors own 34.83% of the company’s stock.

KNOT Offshore Partners stock opened at $18.99 on Thursday. 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 firm has a market cap of $620.86 million, a price-to-earnings ratio of 9.69 and a beta of 0.60. KNOT Offshore Partners has a twelve month low of $17.18 and a twelve month high of $22.75.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, May 2nd were issued a dividend of $0.52 per share. The ex-dividend date was Wednesday, May 1st. This represents a $2.08 dividend on an annualized basis and a yield of 10.95%. KNOT Offshore Partners’s dividend payout ratio is currently 82.87%.

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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