Analysts Anticipate Golar LNG Limited (GLNG) to Announce -$0.20 EPS

Equities analysts forecast that Golar LNG Limited (NASDAQ:GLNG) will report earnings per share (EPS) of ($0.20) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Golar LNG’s earnings. The highest EPS estimate is ($0.07) and the lowest is ($0.37). Golar LNG posted earnings of ($0.41) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 51.2%. The firm is scheduled to announce its next earnings report on Wednesday, May 30th.

According to Zacks, analysts expect that Golar LNG will report full-year earnings of $0.11 per share for the current fiscal year, with EPS estimates ranging from ($0.62) to $0.68. For the next year, analysts anticipate that the firm will post earnings of $0.63 per share, with EPS estimates ranging from ($0.39) to $1.32. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for Golar LNG.

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Golar LNG (NASDAQ:GLNG) last released its quarterly earnings data on Wednesday, February 28th. The shipping company reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.17. The business had revenue of $57.59 million for the quarter, compared to the consensus estimate of $43.87 million. Golar LNG had a negative net margin of 125.20% and a negative return on equity of 8.11%.

Several equities research analysts have commented on GLNG shares. BidaskClub downgraded shares of Golar LNG from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Morgan Stanley upped their price objective on shares of Golar LNG from $32.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, February 12th. Zacks Investment Research downgraded shares of Golar LNG from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Jefferies Group assumed coverage on shares of Golar LNG in a report on Monday, December 18th. They issued a “buy” rating and a $39.00 price target on the stock. Finally, Cowen increased their price target on shares of Golar LNG to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.20.

Several institutional investors have recently made changes to their positions in GLNG. Strs Ohio purchased a new stake in shares of Golar LNG in the fourth quarter worth about $146,000. First Trust Advisors LP purchased a new stake in shares of Golar LNG in the fourth quarter worth about $201,000. Duff & Phelps Investment Management Co. purchased a new stake in shares of Golar LNG in the fourth quarter worth about $209,000. Raymond James & Associates purchased a new stake in shares of Golar LNG in the fourth quarter worth about $210,000. Finally, LPL Financial LLC purchased a new stake in shares of Golar LNG in the fourth quarter worth about $214,000. 80.75% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ GLNG traded down $0.27 during trading on Thursday, hitting $28.62. 428,791 shares of the company’s stock traded hands, compared to its average volume of 1,058,930. The company has a market cap of $2,920.78, a PE ratio of -19.47 and a beta of 0.74. Golar LNG has a 12-month low of $19.32 and a 12-month high of $31.64. The company has a quick ratio of 0.41, a current ratio of 0.29 and a debt-to-equity ratio of 0.57.

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, March 13th. Golar LNG’s payout ratio is -13.61%.

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Golar LNG Company Profile

Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).

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