Golden Ocean Group (NASDAQ:GOGL) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, February 19th. Analysts expect the company to announce earnings of $0.06 per share for the quarter.
Golden Ocean Group (NASDAQ:GOGL) last posted its quarterly earnings results on Tuesday, November 20th. The shipping company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.08. Golden Ocean Group had a net margin of 13.95% and a return on equity of 5.91%. The business had revenue of $189.26 million during the quarter, compared to analyst estimates of $120.01 million. On average, analysts expect Golden Ocean Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NASDAQ GOGL opened at $5.13 on Tuesday. Golden Ocean Group has a one year low of $4.96 and a one year high of $10.05. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $739.99 million, a PE ratio of -256.50 and a beta of 1.87.
GOGL has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Golden Ocean Group from a “hold” rating to a “buy” rating and set a $7.25 price objective on the stock in a research report on Monday, January 21st. BTIG Research initiated coverage on shares of Golden Ocean Group in a research report on Thursday, November 15th. They issued a “buy” rating and a $10.00 price objective on the stock. BidaskClub upgraded shares of Golden Ocean Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Nordea Equity Research downgraded shares of Golden Ocean Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Finally, ValuEngine downgraded shares of Golden Ocean Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 31st. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $10.15.
Golden Ocean Group Company Profile
Golden Ocean Group Limited, a shipping company, engages in the transportation of bulk commodities worldwide. It owns and operates a fleet of dry bulk vessels, including Newcastlemax, Capesize, Panamax, and Ultramax vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers.
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