Golden Ocean Group Limited (GOGL) Set to Announce Earnings on Tuesday

Golden Ocean Group Limited (NASDAQ:GOGL) will post its quarterly earnings results before the market opens on Tuesday, November 21st. Analysts expect Golden Ocean Group Limited to post earnings of ($0.07) per share for the quarter.

Golden Ocean Group Limited (NASDAQ:GOGL) last issued its earnings results on Thursday, August 17th. The shipping company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.03. Golden Ocean Group Limited had a negative return on equity of 3.91% and a negative net margin of 14.69%. The company had revenue of $99.86 million for the quarter, compared to analyst estimates of $65.36 million. On average, analysts expect Golden Ocean Group Limited to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Golden Ocean Group Limited (NASDAQ:GOGL) opened at $7.33 on Friday. The company has a quick ratio of 4.13, a current ratio of 4.13 and a debt-to-equity ratio of 0.95. Golden Ocean Group Limited has a 52-week low of $3.87 and a 52-week high of $9.95.

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Several research analysts have weighed in on the company. Zacks Investment Research lowered Golden Ocean Group Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Clarkson Capital downgraded Golden Ocean Group Limited from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 17th. Nordea Equity Research upgraded Golden Ocean Group Limited from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Finally, BidaskClub upgraded Golden Ocean Group Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $11.00.

An institutional investor recently raised its position in Golden Ocean Group Limited stock. Northern Trust Corp lifted its stake in shares of Golden Ocean Group Limited (NASDAQ:GOGL) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,988 shares of the shipping company’s stock after acquiring an additional 970 shares during the quarter. Northern Trust Corp’s holdings in Golden Ocean Group Limited were worth $202,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 9.75% of the company’s stock.

Golden Ocean Group Limited Company Profile

Golden Ocean Group Limited, formerly Knightsbridge Shipping Limited, is an international dry bulk shipping company. The Company is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. Its vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers.

Earnings History for Golden Ocean Group Limited (NASDAQ:GOGL)

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