Himalaya Shipping (NYSE:HSHP) Announces Quarterly Earnings Results

Himalaya Shipping (NYSE:HSHP) posted its earnings results on Tuesday. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01), Zacks reports. Himalaya Shipping had a return on equity of 11.03% and a net margin of 13.44%.The business had revenue of $43.70 million for the quarter, compared to analyst estimates of $41.80 million.

Here are the key takeaways from Himalaya Shipping’s conference call:

• Himalaya reported a strong Q4 — net profit $13.5M, EPS $0.29, EBITDA $33.3M and TCE of $39,600/day, materially higher YoY.
• Commercial positioning gives upside — the firm prefers index-linked charters with conversion flexibility and expects 11 of 12 vessels to be spot-exposed after 31 Mar 2026; it converted 4 vessels to fixed Q1 rates (~$27,700/day) and secured premium charters (e.g., Mount Elbrus at $30,000/day).
• Shareholder returns and liquidity — declared Q4 cash distributions of $0.30 and a monthly dividend of $0.06 (Jan); cash on hand was $32.4M and the company has paid 27 consecutive monthly dividends.
• Leverage and financing exposure — sale-leaseback outstanding remains high at roughly $700M (down slightly from Q3) with a minimum cash covenant of $12.3M, representing a material financing obligation.
• Market outlook supportive — management cites structural tailwinds (higher ton-mile from Brazil/Guinea, Simandou ramp-up), a 25‑year low orderbook and an aging fleet that should tighten supply and sustain elevated Capesize/Newcastlemax rates.

Himalaya Shipping Price Performance

Shares of HSHP opened at $11.66 on Thursday. The firm has a market capitalization of $464.80 million, a PE ratio of 30.71 and a beta of 1.85. Himalaya Shipping has a 52-week low of $4.29 and a 52-week high of $11.88. The stock has a 50 day simple moving average of $9.47 and a 200 day simple moving average of $8.51. The company has a debt-to-equity ratio of 4.19, a quick ratio of 1.01 and a current ratio of 1.01.

Himalaya Shipping Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, February 19th. Himalaya Shipping’s payout ratio is currently 13.16%.

Institutional Trading of Himalaya Shipping

A number of institutional investors have recently bought and sold shares of the business. Manatuck Hill Partners LLC bought a new stake in Himalaya Shipping in the second quarter worth approximately $721,000. Rhumbline Advisers raised its stake in Himalaya Shipping by 42.4% in the 2nd quarter. Rhumbline Advisers now owns 56,260 shares of the company’s stock valued at $325,000 after acquiring an additional 16,747 shares during the period. Bank of America Corp DE raised its stake in Himalaya Shipping by 9.8% in the third quarter. Bank of America Corp DE now owns 26,900 shares of the company’s stock valued at $221,000 after purchasing an additional 2,394 shares in the last quarter. Deutsche Bank AG grew its stake in Himalaya Shipping by 85.9% in the 4th quarter. Deutsche Bank AG now owns 20,701 shares of the company’s stock worth $188,000 after buying an additional 9,568 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Himalaya Shipping by 22.8% in the third quarter. Sei Investments Co. now owns 22,812 shares of the company’s stock valued at $188,000 after acquiring an additional 4,235 shares during the last quarter. Institutional investors own 22.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HSHP. Wall Street Zen lowered shares of Himalaya Shipping from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Himalaya Shipping in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.