Himalaya Shipping (NYSE:HSHP) Issues Quarterly Earnings Results

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

Himalaya Shipping Price Performance

HSHP stock opened at $5.33 on Friday. The company has a market capitalization of $212.31 million, a P/E ratio of 11.09 and a beta of 2.56. Himalaya Shipping has a twelve month low of $4.48 and a twelve month high of $9.76. The business has a 50 day simple moving average of $4.90 and a 200-day simple moving average of $6.43. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 4.34.

Himalaya Shipping Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Friday, February 21st will be paid a $0.005 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.06 annualized dividend and a yield of 1.13%. Himalaya Shipping’s dividend payout ratio is currently 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.