Himalaya Shipping (NYSE:HSHP) Issues Quarterly Earnings Results

Himalaya Shipping (NYSE:HSHP) posted its quarterly earnings results on Thursday. The company reported $0.02 earnings per share for the quarter, Zacks reports. Himalaya Shipping had a return on equity of 15.72% and a net margin of 21.93%.

Himalaya Shipping Stock Performance

NYSE:HSHP traded up $0.33 during mid-day trading on Thursday, hitting $5.60. 114,184 shares of the company traded hands, compared to its average volume of 151,194. The stock’s fifty day moving average price is $4.88 and its 200-day moving average price is $6.45. The firm has a market cap of $223.27 million, a price-to-earnings ratio of 3.70 and a beta of 2.56. Himalaya Shipping has a one year low of $4.48 and a one year high of $9.76. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.34.

Himalaya Shipping Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.005 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, February 20th. Himalaya Shipping’s dividend payout ratio is presently 13.16%.

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.