Golden Ocean Group Limited (GOGL) to Release Quarterly Earnings on Tuesday
Golden Ocean Group Limited (NASDAQ:GOGL) will be issuing its quarterly earnings data before the market opens on Tuesday, November 21st. Analysts expect the company to announce earnings of ($0.07) per share for the quarter.
Golden Ocean Group Limited (NASDAQ:GOGL) last announced its earnings results on Thursday, August 17th. The shipping company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.03. The firm had revenue of $99.86 million for the quarter, compared to the consensus estimate of $65.36 million. Golden Ocean Group Limited had a negative return on equity of 3.91% and a negative net margin of 14.69%. On average, analysts expect Golden Ocean Group Limited to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Golden Ocean Group Limited (GOGL) opened at $7.75 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 4.13 and a quick ratio of 4.13. Golden Ocean Group Limited has a 12 month low of $3.87 and a 12 month high of $9.95.
A hedge fund recently raised its stake in Golden Ocean Group Limited stock. Northern Trust Corp lifted its position in Golden Ocean Group Limited (NASDAQ:GOGL) by 3.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,988 shares of the shipping company’s stock after buying an additional 970 shares during the period. Northern Trust Corp’s holdings in Golden Ocean Group Limited were worth $202,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 9.75% of the company’s stock.
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About Golden Ocean Group Limited
Golden Ocean Group Limited, formerly Knightsbridge Shipping Limited, is an international dry bulk shipping company. The Company is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. Its vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers.
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