Himalaya Shipping (NYSE:HSHP) Announces Quarterly Earnings Results

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

Himalaya Shipping Trading Up 7.1 %

Shares of NYSE HSHP traded up $0.38 on Thursday, reaching $5.65. 111,995 shares of the company traded hands, compared to its average volume of 151,179. Himalaya Shipping has a fifty-two week low of $4.48 and a fifty-two week high of $9.76. The company has a 50 day moving average of $4.88 and a 200 day moving average of $6.45. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 4.34. The stock has a market capitalization of $225.07 million, a PE ratio of 3.71 and a beta of 2.56.

Himalaya Shipping Dividend Announcement

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 $0.005 dividend. This represents a $0.06 annualized dividend and a yield of 1.06%. The ex-dividend date is Thursday, February 20th. Himalaya Shipping’s payout ratio is 13.16%.

About Himalaya Shipping

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.