Golden Ocean Group (GOGL) Expected to Announce Earnings on Wednesday

Golden Ocean Group (NASDAQ:GOGL) is expected to be posting its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Golden Ocean Group to post earnings of $0.20 per share and revenue of $174.37 million for the quarter.

Golden Ocean Group (NASDAQ:GOGL) last announced its quarterly earnings data on Wednesday, November 27th. The shipping company reported $0.33 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 opened at $9.56 on Wednesday. The company has a market cap of $1.91 billion, a P/E ratio of 7.90 and a beta of 1.16. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.65. Golden Ocean Group has a 52 week low of $8.52 and a 52 week high of $15.77. The business has a fifty day simple moving average of $9.08 and a 200-day simple moving average of $10.74.

Golden Ocean Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, December 9th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.55%. The ex-dividend date of this dividend was Monday, December 9th. Golden Ocean Group’s dividend payout ratio is currently 99.17%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GOGL. Pareto Securities reaffirmed a “hold” rating and issued a $12.50 price objective on shares of Golden Ocean Group in a research report on Thursday, November 21st. Jefferies Financial Group lowered their price objective on Golden Ocean Group from $12.50 to $12.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th.

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.