Himalaya Shipping (NYSE:HSHP) Posts Earnings Results

Himalaya Shipping (NYSE:HSHP) released its earnings results on Thursday. The company reported $0.02 earnings per share for the quarter, Zacks reports. Himalaya Shipping had a net margin of 17.03% and a return on equity of 13.36%. The firm had revenue of $29.60 million for the quarter.

Himalaya Shipping Stock Down 3.2 %

HSHP stock opened at $5.33 on Friday. The company’s 50 day moving average price is $4.90 and its 200 day moving average price is $6.43. The company has a debt-to-equity ratio of 4.34, a quick ratio of 0.87 and a current ratio of 0.87. Himalaya Shipping has a fifty-two week low of $4.48 and a fifty-two week high of $9.76. The firm has a market capitalization of $212.31 million, a price-to-earnings ratio of 11.09 and a beta of 2.56.

Himalaya Shipping Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, March 5th. Investors of record on Friday, February 21st will be paid a dividend of $0.005 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.13%. Himalaya Shipping’s payout ratio is 39.58%.

Himalaya Shipping Company Profile

Himalaya Shipping Ltd. provides dry bulk shipping services worldwide. The company operates a fleet of vessels. It serves major commodity trading, commodity and energy transition, and multi-modal transport companies. Himalaya Shipping Ltd. was incorporated in 2021 and is based in Hamilton, Bermuda.