Research Analysts Set Expectations for Golden Ocean Group Ltd’s Q1 2020 Earnings (GOGL)
Golden Ocean Group Ltd (NASDAQ:GOGL) – Stock analysts at Seaport Global Securities issued their Q1 2020 earnings per share (EPS) estimates for Golden Ocean Group in a research report issued to clients and investors on Tuesday, January 15th. Seaport Global Securities analyst M. Fyhr forecasts that the shipping company will earn $0.16 per share for the quarter. Seaport Global Securities also issued estimates for Golden Ocean Group’s Q2 2020 earnings at $0.19 EPS, Q3 2020 earnings at $0.19 EPS, Q4 2020 earnings at $0.18 EPS and FY2020 earnings at $0.71 EPS.
Golden Ocean Group (NASDAQ:GOGL) last released its quarterly earnings results on Tuesday, November 20th. The shipping company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.16 by $0.08. Golden Ocean Group had a return on equity of 5.91% and a net margin of 13.95%. The business had revenue of $189.26 million during the quarter, compared to analyst estimates of $120.01 million.
Shares of NASDAQ GOGL opened at $6.34 on Wednesday. The firm has a market capitalization of $930.39 million, a PE ratio of -317.00 and a beta of 2.14. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.43 and a current ratio of 1.43. Golden Ocean Group has a 12-month low of $5.70 and a 12-month high of $10.05.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, December 5th. This is a boost from Golden Ocean Group’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a yield of 9.46%. Golden Ocean Group’s dividend payout ratio (DPR) is currently -3,000.00%.
Institutional investors have recently bought and sold shares of the business. Bluefin Trading LLC acquired a new stake in Golden Ocean Group in the third quarter valued at $2,484,000. Renaissance Technologies LLC increased its position in shares of Golden Ocean Group by 27.2% during the second quarter. Renaissance Technologies LLC now owns 1,530,646 shares of the shipping company’s stock worth $13,291,000 after purchasing an additional 327,774 shares in the last quarter. Jane Street Group LLC increased its position in shares of Golden Ocean Group by 67.4% during the third quarter. Jane Street Group LLC now owns 94,980 shares of the shipping company’s stock worth $937,000 after purchasing an additional 38,232 shares in the last quarter. Credit Suisse AG increased its position in shares of Golden Ocean Group by 69.6% during the third quarter. Credit Suisse AG now owns 238,925 shares of the shipping company’s stock worth $2,355,000 after purchasing an additional 98,013 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Golden Ocean Group by 7.9% during the second quarter. California Public Employees Retirement System now owns 90,351 shares of the shipping company’s stock worth $785,000 after purchasing an additional 6,631 shares in the last quarter. Institutional investors own 20.22% of the company’s stock.
Golden Ocean Group Company Profile
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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