Oceans

Golden Ocean Group (NASDAQ: GOGL) Issues Earnings Results, Beats Estimates By $ 0.18 EPS


Golden Ocean Group (NASDAQ: GOGL – Get Rating) issued its quarterly earnings data on Wednesday. The shipping company reported $ 0.53 earnings per share for the quarter, topping the consensus estimate of $ 0.35 by $ 0.18, Fidelity Earnings reports. margin of 43.82% and a return on equity of 28.15%. During the same quarter in the prior year, the firm posted $ 0.14 earnings per share.

NASDAQ: GOGL opened at $ 16.02 on Friday. The firm has a market cap of $ 2.30 billion, a price-to-earnings ratio of 6.07 and a beta of 1.28. The company has a debt-to-equity ratio of 0.65, a current ratio The firm’s fifty day moving average price is $ 12.74 and its 200 day moving average price is $ 10.73. of 1.49 and a quick ratio of 1.31. Golden Ocean Group has a 1-year low of $ 7.59 and a 1-year high of $ 16.40.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Wednesday, June 1st will be paid a dividend of $ 0.50 per share. This represents a $ 2.00 annualized dividend and a dividend yield of 12.48% The ex-dividend date of this dividend is Tuesday, May 31st. Golden Ocean Group’s dividend payout ratio (DPR) is presently 136.36%.

JPMorgan Chase & Co. now owns 279,337 shares of the shipping company’s stock worth $ 2,597,000 after. Geode Capital Management LLC now owns 140,148 shares of the shipping company’s stock worth $ 1,303,000 after buying an additional 1,100. Geode Capital Management LLC now owns 140,148 shares of the shipping company’s stock worth $ 1,303,000 after buying an additional 1,100. shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Golden Ocean Group by 18.5% in the 4th quarter. Invesco Ltd. now owns 267,658 shares of the shipping company’s stock valued at $ 2,489,000 after buying an additional 41,848 shares during the period. Squarepoint Ops LLC boosted its stake in shares of Golden Ocean Group by 34.2% in the fourth quarter. Squarepoint Ops LLC now owns 15,500 shares finally, DE Shaw & Co. Inc. acquired a new position in Golden Ocean Group during the fourth quarter worth $ 275,000. 28.68% of the stock is currently. owned by institutional investors and hedge funds.

StockNews.com downgraded shares of Golden Ocean Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th. HC Wainwright upped their target price on Golden Ocean Group from $ 13.00 to $ 18.00 in a research report on Friday. Finally, Zacks Investment Research lowered Golden Ocean Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Golden Ocean Group currently has a consensus rating of “Hold” and an average target price of $ 14.50.

About Golden Ocean Group (Get Rating)

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

Further Reading

Earnings History for Golden Ocean Group (NASDAQ: GOGL)



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