Golden Ocean Group (GOGL) Set to Announce Quarterly Earnings on Wednesday
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.
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.
Further Reading: What is the Difference Between Common Shares and Convertible Shares?
Receive News & Ratings for Golden Ocean Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Ocean Group and related companies with MarketBeat.com's FREE daily email newsletter.