Wall Street brokerages predict that KNOT Offshore Partners LP (NYSE:KNOP) will post $70.14 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for KNOT Offshore Partners’ earnings. The lowest sales estimate is $69.60 million and the highest is $70.68 million. KNOT Offshore Partners posted sales of $61.59 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.9%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, March 14th.
According to Zacks, analysts expect that KNOT Offshore Partners will report full-year sales of $278.70 million for the current year, with estimates ranging from $278.20 million to $279.20 million. For the next year, analysts forecast that the company will post sales of $281.91 million, with estimates ranging from $280.00 million to $283.82 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for KNOT Offshore Partners.
KNOT Offshore Partners (NYSE:KNOP) last announced its quarterly earnings data on Monday, November 26th. The shipping company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. KNOT Offshore Partners had a return on equity of 14.16% and a net margin of 34.05%. The firm had revenue of $70.72 million for the quarter, compared to analysts’ expectations of $70.03 million.
A number of institutional investors have recently bought and sold shares of the stock. Virtus Alternative Investment Advisers Inc. purchased a new stake in KNOT Offshore Partners in the third quarter worth $4,579,000. Advisory Research Inc. lifted its position in shares of KNOT Offshore Partners by 5.2% during the third quarter. Advisory Research Inc. now owns 1,664,975 shares of the shipping company’s stock worth $36,130,000 after purchasing an additional 82,250 shares in the last quarter. First Trust Advisors LP lifted its stake in KNOT Offshore Partners by 32.2% during the third quarter. First Trust Advisors LP now owns 298,317 shares of the shipping company’s stock valued at $6,473,000 after buying an additional 72,588 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of KNOT Offshore Partners by 27.8% in the third quarter. Renaissance Technologies LLC now owns 310,700 shares of the shipping company’s stock valued at $6,742,000 after buying an additional 67,600 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware increased its holdings in shares of KNOT Offshore Partners by 64.8% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 61,652 shares of the shipping company’s stock worth $1,338,000 after acquiring an additional 24,247 shares during the last quarter. Institutional investors and hedge funds own 39.83% of the company’s stock.
Shares of NYSE KNOP opened at $18.43 on Thursday. The company has a market cap of $603.53 million, a price-to-earnings ratio of 8.15 and a beta of 0.62. KNOT Offshore Partners has a fifty-two week low of $17.18 and a fifty-two week high of $22.75. The company has a quick ratio of 0.50, a current ratio of 0.51 and a debt-to-equity ratio of 1.53.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Friday, February 1st will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, January 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 11.29%. KNOT Offshore Partners’s dividend payout ratio is presently 92.04%.
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 loading, transportation and storage of their crude oil services under time charters and bareboat charters. As of April 25, 2018, 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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