Golden Ocean Group (NASDAQ:GOGL) is scheduled to be announcing 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 announced its quarterly earnings results on Tuesday, February 19th. The shipping company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.10. The company had revenue of $131.92 million for the quarter, compared to analyst estimates of $106.10 million. Golden Ocean Group had a net margin of 12.89% and a return on equity of 5.65%. On average, analysts expect Golden Ocean Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Golden Ocean Group stock traded down $0.02 during mid-day trading on Tuesday, hitting $5.20. The company had a trading volume of 1,600 shares, compared to its average volume of 214,978. The firm has a market capitalization of $753.11 million, a P/E ratio of 8.67 and a beta of 1.92. Golden Ocean Group has a 1 year low of $4.61 and a 1 year high of $10.05. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.58.

Several equities analysts have commented on GOGL shares. BidaskClub lowered shares of Golden Ocean Group from a “sell” rating to a “strong sell” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded shares of Golden Ocean Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. Finally, ValuEngine upgraded shares of Golden Ocean Group from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target 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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