Hafnia (NYSE:HAFN - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.02, Zacks reports. Hafnia had a net margin of 53.44% and a return on equity of 36.90%. The firm had revenue of $233.56 million during the quarter, compared to analysts' expectations of $244.91 million.
Hafnia Trading Down 1.2 %
Shares of NYSE HAFN traded down $0.05 during mid-day trading on Monday, reaching $4.01. The company had a trading volume of 5,663,650 shares, compared to its average volume of 3,316,249. Hafnia has a 52 week low of $4.00 and a 52 week high of $8.99. The business's 50-day moving average is $5.34 and its 200-day moving average is $6.11. The stock has a market cap of $2.03 billion and a price-to-earnings ratio of 2.36. The company has a current ratio of 1.70, a quick ratio of 1.52 and a debt-to-equity ratio of 0.34.
Hafnia Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.0294 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, March 7th. Hafnia's dividend payout ratio is currently 7.28%.
Analysts Set New Price Targets
Separately, Jefferies Financial Group dropped their target price on Hafnia from $8.00 to $6.50 and set a "buy" rating for the company in a research report on Tuesday, December 17th.
Read Our Latest Research Report on Hafnia
About Hafnia
(
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Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels.
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