Nordic American Tankers (NAT) Expected to Announce Quarterly Earnings on Friday

Nordic American Tankers (NYSE:NAT) will likely be announcing its earnings results before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $51.38 million for the quarter.

Nordic American Tankers (NYSE:NAT) last released its quarterly earnings data on Friday, November 29th. The shipping company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). Nordic American Tankers had a return on equity of 11.95% and a net margin of 26.41%. On average, analysts expect Nordic American Tankers to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Nordic American Tankers Stock Performance

NAT opened at $2.57 on Wednesday. The company’s fifty day moving average price is $2.66 and its two-hundred day moving average price is $3.11. The company has a market cap of $535.56 million, a price-to-earnings ratio of 8.84 and a beta of -0.31. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 0.36. Nordic American Tankers has a 1-year low of $2.41 and a 1-year high of $4.40.

Nordic American Tankers Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 17th were issued a $0.04 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.48 annualized dividend and a dividend yield of 18.71%. Nordic American Tankers’s dividend payout ratio is currently 55.17%.

Wall Street Analyst Weigh In

Several analysts have recently commented on NAT shares. StockNews.com upgraded shares of Nordic American Tankers from a “sell” rating to a “hold” rating in a report on Monday, December 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a $3.50 target price on shares of Nordic American Tankers in a report on Friday, November 29th.

Nordic American Tankers Company Profile

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 20 Suezmax crude oil tankers. The company was incorporated in 1995 and is headquartered in Hamilton, Bermuda.