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

Golden Ocean Group (NASDAQ:GOGL) will likely be issuing 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. Parties that wish to listen to the company’s 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 earnings per share for the quarter, topping 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 Price Performance

Shares of NASDAQ:GOGL opened at $9.30 on Tuesday. The firm’s 50 day moving average price is $9.11 and its 200-day moving average price is $10.67. Golden Ocean Group has a twelve month low of $8.52 and a twelve month high of $15.77. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $1.86 billion, a PE ratio of 7.69 and a beta of 1.16.

Golden Ocean Group Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 12.90%. The ex-dividend date was Monday, December 9th. Golden Ocean Group’s dividend payout ratio (DPR) is presently 99.17%.

Wall Street Analyst Weigh In

GOGL has been the topic of several recent research reports. Pareto Securities reiterated a “hold” rating and issued a $12.50 price objective on shares of Golden Ocean Group in a research note on Thursday, November 21st. Jefferies Financial Group reduced their target price on shares of Golden Ocean Group from $12.50 to $12.00 and set a “hold” rating for the company in a report on Wednesday, November 27th.

About Golden Ocean Group

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.