Patria Investments (NYSE:PAX) Announces Earnings Results

Patria Investments (NYSE:PAX) released its quarterly earnings data on Tuesday. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01), Zacks reports. Patria Investments had a return on equity of 34.20% and a net margin of 26.01%. The business had revenue of $78.10 million during the quarter, compared to analysts’ expectations of $76.55 million. During the same quarter last year, the business posted $0.23 EPS.

Patria Investments Trading Down 1.9 %

Shares of NYSE:PAX traded down $0.23 during trading on Thursday, reaching $12.10. 401,286 shares of the company were exchanged, compared to its average volume of 455,578. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $723.22 million, a PE ratio of 22.46, a P/E/G ratio of 1.50 and a beta of 0.57. The business’s fifty day simple moving average is $11.33 and its 200-day simple moving average is $12.14. Patria Investments has a 12-month low of $10.63 and a 12-month high of $16.16.

Patria Investments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 18th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.60 annualized dividend and a yield of 4.96%. Patria Investments’s dividend payout ratio (DPR) is 111.11%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group reduced their price objective on Patria Investments from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd.

Patria Investments Company Profile

Patria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds.