Golden Ocean Group (GOGL) Set to Announce Quarterly Earnings on Wednesday

Golden Ocean Group (NASDAQ:GOGL) will be issuing its quarterly earnings data 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 released its quarterly earnings data on Tuesday, February 19th. The shipping company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.10. The company had revenue of $131.92 million during the quarter, compared to analysts’ expectations 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 trading hours on Tuesday, hitting $5.20. The company had a trading volume of 1,600 shares, compared to its average volume of 214,978. The stock has a market cap of $753.11 million, a price-to-earnings ratio of 8.67 and a beta of 1.92. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.85 and a quick ratio of 0.80. Golden Ocean Group has a 1 year low of $4.61 and a 1 year high of $10.05.

GOGL has been the subject of several research reports. ValuEngine raised shares of Golden Ocean Group from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. BidaskClub cut shares of Golden Ocean Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 7th. Finally, Zacks Investment Research cut shares of Golden Ocean Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average 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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