FLEX LNG (FLNG) Expected to Announce Quarterly Earnings on Wednesday

FLEX LNG (NYSE:FLNG - Get Free Report) is projected to release its earnings data before the market opens on Wednesday, February 5th. Analysts expect FLEX LNG to post earnings of $0.51 per share and revenue of $89.87 million for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

FLEX LNG (NYSE:FLNG - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). The company had revenue of $90.48 million for the quarter. FLEX LNG had a net margin of 25.33% and a return on equity of 16.27%. On average, analysts expect FLEX LNG to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

FLEX LNG Stock Up 1.4 %

Shares of FLEX LNG stock traded up $0.35 during trading on Wednesday, reaching $25.78. The company had a trading volume of 139,703 shares, compared to its average volume of 427,905. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.18 and a current ratio of 2.21. FLEX LNG has a fifty-two week low of $20.85 and a fifty-two week high of $30.48. The firm's fifty day moving average is $23.86 and its 200-day moving average is $25.18. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 15.16 and a beta of 0.72.

FLEX LNG Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 11.64%. The ex-dividend date of this dividend was Wednesday, November 27th. FLEX LNG's payout ratio is currently 176.47%.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a "hold" rating and set a $24.00 price objective on shares of FLEX LNG in a research report on Tuesday, November 12th.

FLEX LNG Company Profile

FLEX LNG Ltd. engages in the seaborne transportation of liquefied natural gas (LPG) through the ownership and operation of LNG carriers. The company was founded by Philip Eystein Fjeld, Trym Tveitnes and Jostein Ueland in September 2006 and is headquartered in Hamilton, Bermuda.