Golden Ocean Group (GOGL) Projected to Post Quarterly Earnings on Wednesday

Golden Ocean Group (NASDAQ:GOGL - Get Free Report) is projected to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect Golden Ocean Group to post earnings of $0.20 per share and revenue of $172.02 million for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Golden Ocean Group (NASDAQ:GOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, November 27th. The shipping company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.04. Golden Ocean Group had a return on equity of 13.14% and a net margin of 23.89%. On average, analysts expect Golden Ocean Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Golden Ocean Group Price Performance

Shares of NASDAQ GOGL traded down $0.27 during midday trading on Friday, reaching $9.43. 1,479,094 shares of the company traded hands, compared to its average volume of 1,730,703. The firm has a market cap of $1.89 billion, a PE ratio of 7.79 and a beta of 1.16. The stock's 50-day simple moving average is $9.10 and its 200-day simple moving average is $10.71. Golden Ocean Group has a 12 month low of $8.52 and a 12 month high of $15.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.22 and a current ratio of 1.22.

Golden Ocean Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, December 9th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.73%. Golden Ocean Group's payout ratio is presently 99.17%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GOGL. Jefferies Financial Group cut their price target on Golden Ocean Group from $12.50 to $12.00 and set a "hold" rating for the company in a report on Wednesday, November 27th. Pareto Securities reaffirmed a "hold" rating and issued a $12.50 price target on shares of Golden Ocean Group in a report on Thursday, November 21st.

Golden Ocean Group Company Profile

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels worldwide. The company's dry bulk vessels comprise Newcastlemax, Capesize, and Panamax vessels operating in the spot and time charter markets. It also transports a range of bulk commodities, including ores, coal, grains, and fertilizers.