Nordic American Tankers (NAT) Expected to Announce Quarterly Earnings on Friday

Nordic American Tankers (NYSE:NAT) will likely be issuing its quarterly earnings data before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $51.38 million for the quarter.

Nordic American Tankers (NYSE:NAT) last posted its earnings results on Friday, November 29th. The shipping company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Nordic American Tankers had a return on equity of 11.95% and a net margin of 26.41%. On average, analysts expect Nordic American Tankers to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Nordic American Tankers Trading Down 1.7 %

NAT opened at $2.57 on Wednesday. Nordic American Tankers has a fifty-two week low of $2.41 and a fifty-two week high of $4.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.73 and a quick ratio of 0.56. The firm has a market capitalization of $535.56 million, a price-to-earnings ratio of 8.84 and a beta of -0.31. The company’s 50 day moving average price is $2.66 and its two-hundred day moving average price is $3.11.

Nordic American Tankers Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 18.71%. The ex-dividend date was Tuesday, December 17th. Nordic American Tankers’s payout ratio is 55.17%.

Wall Street Analysts Forecast Growth

NAT has been the topic of a number of research reports. Jefferies Financial Group reissued a “hold” rating and set a $3.50 target price on shares of Nordic American Tankers in a report on Friday, November 29th. StockNews.com raised shares of Nordic American Tankers from a “sell” rating to a “hold” rating in a report on Monday, December 2nd.

Nordic American Tankers Company Profile

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 20 Suezmax crude oil tankers. The company was incorporated in 1995 and is headquartered in Hamilton, Bermuda.