Brokerages predict that KNOT Offshore Partners LP (NYSE:KNOP) will report $58.69 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for KNOT Offshore Partners’ earnings, with estimates ranging from $57.60 million to $59.79 million. KNOT Offshore Partners posted sales of $45.00 million in the same quarter last year, which suggests a positive year over year growth rate of 30.4%. The business is scheduled to report its next earnings results before the market opens on Wednesday, February 21st.

According to Zacks, analysts expect that KNOT Offshore Partners will report full-year sales of $58.69 million for the current fiscal year, with estimates ranging from $215.20 million to $217.40 million. For the next fiscal year, analysts expect that the business will report sales of $255.50 million per share, with estimates ranging from $250.00 million to $261.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover KNOT Offshore Partners.

KNOT Offshore Partners (NYSE:KNOP) last announced its quarterly earnings results on Friday, November 3rd. The shipping company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.09. KNOT Offshore Partners had a net margin of 36.21% and a return on equity of 15.05%.

A number of equities analysts have weighed in on the stock. ValuEngine lowered shares of KNOT Offshore Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 26th. BidaskClub raised shares of KNOT Offshore Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Zacks Investment Research raised shares of KNOT Offshore Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th.

Several hedge funds have recently modified their holdings of the company. Royal Bank of Canada raised its stake in shares of KNOT Offshore Partners by 4.8% in the 2nd quarter. Royal Bank of Canada now owns 8,775 shares of the shipping company’s stock valued at $201,000 after acquiring an additional 405 shares during the period. California Public Employees Retirement System raised its stake in shares of KNOT Offshore Partners by 6.5% in the 2nd quarter. California Public Employees Retirement System now owns 34,500 shares of the shipping company’s stock valued at $792,000 after acquiring an additional 2,100 shares during the period. Naples Global Advisors LLC raised its stake in shares of KNOT Offshore Partners by 24.8% in the 4th quarter. Naples Global Advisors LLC now owns 21,125 shares of the shipping company’s stock valued at $438,000 after acquiring an additional 4,200 shares during the period. Green Square Capital LLC raised its stake in shares of KNOT Offshore Partners by 1.8% in the 2nd quarter. Green Square Capital LLC now owns 372,966 shares of the shipping company’s stock valued at $8,560,000 after acquiring an additional 6,554 shares during the period. Finally, Texas Yale Capital Corp. purchased a new position in shares of KNOT Offshore Partners in the 3rd quarter valued at $200,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of KNOT Offshore Partners (NYSE:KNOP) traded up $0.10 on Thursday, hitting $21.80. 81,910 shares of the company’s stock were exchanged, compared to its average volume of 167,865. The firm has a market cap of $724.91, a price-to-earnings ratio of 9.16 and a beta of 0.70. KNOT Offshore Partners has a 52 week low of $19.15 and a 52 week high of $24.42. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.46 and a current ratio of 0.48.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, February 2nd will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 9.54%. The ex-dividend date is Thursday, February 1st. KNOT Offshore Partners’s dividend payout ratio is presently 87.39%.

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About KNOT Offshore Partners

KNOT Offshore Partners LP (KNOT Offshore Partners or the Partnership), owns, operates and acquires shuttle tankers under long-term charters. The Partnership’s vessels in its fleet are chartered to Statoil ASA (Statoil), Petrobras Transporte SA (Transpetro), Repsol Sinopec Brasil, SA (Repsol), Royal Dutch Shell plc, ExxonMobil, and Eni Trading and Shipping S.p.A.

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