Baltic Trading Limit (BALT) Scheduled to Post Quarterly Earnings on Wednesday
Baltic Trading Limit (NASDAQ:BALT) is scheduled to issue its Q214 quarterly earnings data on Wednesday, July 30th. Persons interested in registering for the company’s earnings conference call can do so using this link.
Baltic Trading Limit (NASDAQ:BALT) last released its earnings data on Wednesday, May 7th. The company reported ($0.06) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.02) by $0.04. The company had revenue of $13.10 million for the quarter, compared to the consensus estimate of $6.00 million. During the same quarter last year, the company posted ($0.23) earnings per share. Baltic Trading Limit’s revenue was up 118.3% compared to the same quarter last year.
Baltic Trading Limit (NASDAQ:BALT) traded down 0.95% during mid-day trading on Tuesday, hitting $5.24. 90,105 shares of the company’s stock traded hands. Baltic Trading Limit has a one year low of $3.70 and a one year high of $7.94. The stock’s 50-day moving average is $5.9 and its 200-day moving average is $6.20. The company’s market cap is $294.8 million.
A number of analysts have recently weighed in on BALT shares. Analysts at Zacks downgraded shares of Baltic Trading Limit from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 15th. They now have a $5.00 price target on the stock. On a related note, analysts at Canaccord Genuity initiated coverage on shares of Baltic Trading Limit in a research note on Tuesday, June 10th. They set a “hold” rating and a $7.00 price target on the stock. Finally, analysts at MLV & Co
initiated coverage on shares of Baltic Trading Limit in a research note on Wednesday, May 28th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Baltic Trading Limit presently has an average rating of “Buy” and a consensus target price of $7.17.
Baltic Trading Limited is engaged in owning drybulk vessels. The Company intends to operate its vessels on voyage charters in the spot market; on trip charters, which are spot market-related time charters; or in vessel pools trading in the spot market.
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