KNOT Offshore Partners (KNOP) to Release Earnings on Monday

KNOT Offshore Partners (NYSE:KNOP) is anticipated to issue its quarterly earnings data before the market opens on Monday, February 24th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $76.50 million for the quarter.

KNOT Offshore Partners (NYSE:KNOP) last released its quarterly earnings data on Wednesday, December 4th. The shipping company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). KNOT Offshore Partners had a negative return on equity of 0.29% and a negative net margin of 4.82%. During the same period in the prior year, the company posted $0.37 earnings per share. On average, analysts expect KNOT Offshore Partners to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

KNOT Offshore Partners Stock Performance

NYSE:KNOP opened at $5.42 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.44 and a quick ratio of 0.42. KNOT Offshore Partners has a 1 year low of $4.94 and a 1 year high of $9.11. The stock’s 50 day simple moving average is $5.69 and its two-hundred day simple moving average is $6.21. The company has a market cap of $185.91 million, a price-to-earnings ratio of -12.60 and a beta of 0.75.

KNOT Offshore Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, January 27th were given a dividend of $0.026 per share. This represents a $0.10 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Monday, January 27th. KNOT Offshore Partners’s dividend payout ratio is currently -23.26%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised KNOT Offshore Partners from a “hold” rating to a “buy” rating in a research report on Friday, December 6th.

KNOT Offshore Partners Company Profile

KNOT Offshore Partners LP acquires, owns, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and discharge of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.