Himalaya Shipping (NYSE:HSHP) Releases Earnings Results

Himalaya Shipping (NYSE:HSHP) released its quarterly earnings data on Tuesday. The company reported $0.29 earnings per share for the quarter, Zacks reports. Himalaya Shipping had a net margin of 4.39% and a return on equity of 3.30%. The company had revenue of $43.70 million for the quarter.

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 Trading Up 3.2%

Shares of NYSE:HSHP opened at $11.70 on Wednesday. The company’s 50 day moving average price is $9.44 and its two-hundred day moving average price is $8.49. Himalaya Shipping has a 12-month low of $4.29 and a 12-month high of $11.62. 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 disclosed a dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, February 19th.

Institutional Investors Weigh In On Himalaya Shipping

A number of large investors have recently added to or reduced their stakes in HSHP. Goldman Sachs Group Inc. raised its holdings in Himalaya Shipping by 322.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 259,959 shares of the company’s stock valued at $2,366,000 after acquiring an additional 198,362 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new stake in Himalaya Shipping during the third quarter worth about $86,000. Millennium Management LLC grew its stake in Himalaya Shipping by 29.6% during the third quarter. Millennium Management LLC now owns 19,204 shares of the company’s stock worth $158,000 after buying an additional 4,382 shares in the last quarter. Bank of America Corp DE increased its holdings in Himalaya Shipping by 9.8% in the 3rd quarter. Bank of America Corp DE now owns 26,900 shares of the company’s stock valued at $221,000 after buying an additional 2,394 shares during the period. Finally, Creative Planning raised its position in shares of Himalaya Shipping by 706.4% in the 3rd quarter. Creative Planning now owns 151,326 shares of the company’s stock valued at $1,245,000 after buying an additional 132,561 shares in the last quarter. Institutional investors and hedge funds own 22.33% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on HSHP shares. Wall Street Zen lowered Himalaya Shipping from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of Himalaya Shipping in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Himalaya Shipping Company Profile

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.