Nordic American Tankers (NAT) Expected to Announce Quarterly Earnings on Friday

Nordic American Tankers (NYSE:NAT) is expected to be announcing its earnings results before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $51.38 million for the quarter.

Nordic American Tankers (NYSE:NAT) last issued its earnings results on Friday, November 29th. The shipping company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Nordic American Tankers had a return on equity of 11.95% and a net margin of 26.41%. On average, analysts expect Nordic American Tankers to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Nordic American Tankers Price Performance

Shares of NAT opened at $2.63 on Monday. The company has a market cap of $548.09 million, a price-to-earnings ratio of 9.05 and a beta of -0.31. Nordic American Tankers has a 1-year low of $2.41 and a 1-year high of $4.40. The company’s fifty day simple moving average is $2.66 and its 200 day simple moving average is $3.12. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 0.36.

Nordic American Tankers Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 17th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.48 dividend on an annualized basis and a yield of 18.29%. Nordic American Tankers’s payout ratio is 55.17%.

Analyst Ratings Changes

NAT has been the subject of a number of research analyst reports. StockNews.com raised shares of Nordic American Tankers from a “sell” rating to a “hold” rating in a research report on Monday, December 2nd. Jefferies Financial Group reaffirmed a “hold” rating and set a $3.50 price objective on shares of Nordic American Tankers in a research report on Friday, November 29th.

About Nordic American Tankers

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 20 Suezmax crude oil tankers. The company was incorporated in 1995 and is headquartered in Hamilton, Bermuda.