USD Partners LP (USDP) Posts Quarterly Earnings Results, Beats Estimates By $0.16 EPS
USD Partners LP (NYSE:USDP) released its quarterly earnings data on Monday. The transportation company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.16, reports. USD Partners had a net margin of 18.41% and a return on equity of 44.28%.
USD Partners (USDP) traded down 0.86% during mid-day trading on Monday, hitting $11.50. 45,130 shares of the stock were exchanged. The company has a 50-day moving average price of $11.46 and a 200-day moving average price of $13.12. USD Partners has a one year low of $10.13 and a one year high of $17.50. The company has a market cap of $268.74 million, a P/E ratio of 10.08 and a beta of 1.03.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.83%. This is a boost from USD Partners’s previous quarterly dividend of $0.34. USD Partners’s payout ratio is currently 122.52%.
A number of research firms have weighed in on USDP. Zacks Investment Research raised shares of USD Partners from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a report on Thursday. ValuEngine raised shares of USD Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. BidaskClub raised shares of USD Partners from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. FBR & Co reaffirmed a “buy” rating on shares of USD Partners in a report on Thursday, May 4th. Finally, TheStreet raised shares of USD Partners from a “d” rating to a “c” rating in a report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.38.
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About USD Partners
USD Partners LP acquires, develops and operates energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company’s segments include Terminalling services and Fleet services. The Terminalling services segment consists of various operations, including Hardisty terminal, Casper terminal and Ethanol terminals.
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