Golden Ocean Group (GOGL) Projected to Post Earnings on Wednesday

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

Golden Ocean Group (NASDAQ:GOGL) last announced its quarterly earnings data on Wednesday, November 27th. The shipping company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. Golden Ocean Group had a net margin of 23.89% and a return on equity of 13.14%. 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 Performance

Shares of GOGL stock opened at $9.30 on Tuesday. Golden Ocean Group has a one year low of $8.52 and a one year high of $15.77. The company’s 50-day moving average is $9.11 and its 200 day moving average is $10.67. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 7.69 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.

Golden Ocean Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, December 9th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 12.90%. The ex-dividend date of this dividend was Monday, December 9th. Golden Ocean Group’s dividend payout ratio (DPR) is 99.17%.

Analyst Ratings Changes

Several brokerages recently commented on GOGL. Pareto Securities reissued a “hold” rating and set a $12.50 price objective on shares of Golden Ocean Group in a research report on Thursday, November 21st. Jefferies Financial Group lowered their target price on shares of Golden Ocean Group from $12.50 to $12.00 and set a “hold” rating on the stock in a research note 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.