Golden Ocean Group (NASDAQ:GOGL) is scheduled to announce its earnings results before the market opens on Wednesday, May 22nd. Analysts expect the company to announce earnings of ($0.15) per share for the quarter.

Golden Ocean Group (NASDAQ:GOGL) last posted its quarterly earnings data on Tuesday, February 19th. The shipping company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.10. Golden Ocean Group had a return on equity of 5.65% and a net margin of 12.89%. The firm had revenue of $131.92 million for the quarter, compared to the consensus estimate of $106.10 million. On average, analysts expect Golden Ocean Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ:GOGL opened at $5.20 on Tuesday. Golden Ocean Group has a 52-week low of $4.61 and a 52-week high of $10.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.80 and a current ratio of 0.85. The firm has a market cap of $753.11 million, a price-to-earnings ratio of 8.70 and a beta of 1.92.

Several research analysts have issued reports on GOGL shares. Zacks Investment Research raised Golden Ocean Group from a “hold” rating to a “buy” rating and set a $7.25 price objective on the stock in a report on Monday, January 21st. BidaskClub raised Golden Ocean Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, ValuEngine raised Golden Ocean Group from a “strong sell” rating to a “sell” rating in a report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $10.31.

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About Golden Ocean Group

Golden Ocean Group Limited, a shipping company, engages in the transportation of bulk commodities worldwide. It owns and operates a fleet of dry bulk vessels, including Newcastlemax, Capesize, Panamax, and Ultramax vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers.

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Earnings History for Golden Ocean Group (NASDAQ:GOGL)

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