Golden Ocean Group (NASDAQ:GOGL) will issue its quarterly earnings data before the market opens on Thursday, August 15th.

Golden Ocean Group (NASDAQ:GOGL) last posted its quarterly earnings results on Wednesday, May 22nd. The shipping company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.08. The business had revenue of $91.81 million for the quarter, compared to analyst estimates of $74.48 million. Golden Ocean Group had a net margin of 9.55% and a return on equity of 4.06%.

Shares of NASDAQ:GOGL opened at $5.71 on Wednesday. The company has a market cap of $833.91 million, a P/E ratio of 9.52 and a beta of 2.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.72 and a current ratio of 0.72. The company has a 50 day moving average of $6.11. Golden Ocean Group has a one year low of $4.33 and a one year high of $10.05.

GOGL has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Golden Ocean Group from a “sell” rating to a “hold” rating in a report on Friday, June 21st. ValuEngine upgraded shares of Golden Ocean Group from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, BidaskClub cut shares of Golden Ocean Group from a “buy” rating to a “hold” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $10.08.

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: Market Capitalization – What it Means for Investors

Earnings History for Golden Ocean Group (NASDAQ:GOGL)

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