Golden Ocean Group (GOGL) Expected to Announce Quarterly Earnings on Wednesday

Golden Ocean Group (NASDAQ:GOGL) is expected to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.20 per share and revenue of $172.02 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Golden Ocean Group (NASDAQ:GOGL) last issued its quarterly earnings data on Wednesday, November 27th. The shipping company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Golden Ocean Group had a return on equity of 13.14% and a net margin of 23.89%. On average, analysts expect Golden Ocean Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Golden Ocean Group Stock Down 2.8 %

GOGL opened at $9.43 on Monday. The firm has a market cap of $1.89 billion, a P/E ratio of 7.79 and a beta of 1.16. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.22 and a current ratio of 1.22. The business has a 50 day moving average price of $9.10 and a 200 day moving average price of $10.68. Golden Ocean Group has a twelve month low of $8.52 and a twelve month high of $15.77.

Golden Ocean Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, December 9th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.73%. The ex-dividend date was Monday, December 9th. Golden Ocean Group’s payout ratio is 99.17%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Pareto Securities reiterated a “hold” rating and issued a $12.50 target price on shares of Golden Ocean Group in a research note on Thursday, November 21st. Jefferies Financial Group lowered their price target on Golden Ocean Group from $12.50 to $12.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th.

Golden Ocean Group Company Profile

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels worldwide. The company’s dry bulk vessels comprise Newcastlemax, Capesize, and Panamax vessels operating in the spot and time charter markets. It also transports a range of bulk commodities, including ores, coal, grains, and fertilizers.