Ocean Bio-Chem (NASDAQ:OBCI) Releases Q1 2020 Earnings Guidance

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Ocean Bio-Chem (NASDAQ:OBCI) updated its first quarter 2020 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $13.10 million-$13.10 million.

NASDAQ:OBCI traded up $0.13 during mid-day trading on Tuesday, hitting $13.49. 310 shares of the company’s stock traded hands, compared to its average volume of 36,335. The company has a fifty day moving average of $12.59 and a 200 day moving average of $12.96. Ocean Bio-Chem has a twelve month low of $4.72 and a twelve month high of $22.55. The company has a market capitalization of $127.91 million, a P/E ratio of 13.49 and a beta of 0.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.83 and a current ratio of 5.66.

Ocean Bio-Chem (NASDAQ:OBCI) last announced its quarterly earnings data on Monday, March 29th. The company reported $0.09 earnings per share for the quarter. The business had revenue of $12.88 million for the quarter. Ocean Bio-Chem had a return on equity of 27.70% and a net margin of 17.91%.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Stockholders of record on Thursday, March 11th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, March 10th. This is a positive change from Ocean Bio-Chem’s previous quarterly dividend of $0.02. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.89%.

Ocean Bio-Chem Company Profile

Ocean Bio-Chem, Inc manufactures, markets, and distributes appearance, performance, and maintenance products for the marine, automotive, power sports, recreational vehicle, home care, and outdoor power equipment markets in the United States and Canada. The company offers marine products, including polishes, cleaners, protectants, waxes, enzyme fuel treatments, private label products, motor and teak oils, boat washes, vinyl and teak cleaners, bilge and hull cleaners, silicone and polyurethane sealants, polysulfide sealants, gasket materials, lubricants, antifouling additives, and anti-freeze coolants; and brushes, brush handles, tie-downs, and other related accessories.

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