Wall Street analysts predict that Nordic American Tanker Ltd (NYSE:NAT) will post earnings per share (EPS) of $0.19 for the current quarter, according to Zacks. Two analysts have issued estimates for Nordic American Tanker’s earnings. The lowest EPS estimate is $0.18 and the highest is $0.20. Nordic American Tanker reported earnings of ($0.05) per share in the same quarter last year, which would indicate a positive year over year growth rate of 480%. The company is scheduled to announce its next earnings results on Tuesday, February 18th.
Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Nordic American Tanker.
Nordic American Tanker (NYSE:NAT) last posted its quarterly earnings results on Monday, November 25th. The shipping company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The firm had revenue of $32.35 million for the quarter, compared to analysts’ expectations of $45.03 million. Nordic American Tanker had a negative return on equity of 5.14% and a negative net margin of 20.86%.
NAT traded up $0.23 during trading on Friday, reaching $3.70. The company’s stock had a trading volume of 145,574 shares, compared to its average volume of 1,785,557. Nordic American Tanker has a 52-week low of $1.66 and a 52-week high of $4.47. The company’s fifty day moving average price is $3.66 and its 200-day moving average price is $2.56. The company has a market capitalization of $492.64 million, a price-to-earnings ratio of -6.07 and a beta of 0.72. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.83 and a current ratio of 2.18.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Thursday, December 5th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Wednesday, December 4th. Nordic American Tanker’s dividend payout ratio (DPR) is -6.56%.
A number of hedge funds have recently added to or reduced their stakes in NAT. Nisa Investment Advisors LLC acquired a new position in Nordic American Tanker during the second quarter worth about $113,000. AE Wealth Management LLC grew its holdings in shares of Nordic American Tanker by 18.6% in the 2nd quarter. AE Wealth Management LLC now owns 30,019 shares of the shipping company’s stock worth $70,000 after acquiring an additional 4,703 shares during the period. SG Americas Securities LLC increased its stake in Nordic American Tanker by 37.8% in the 2nd quarter. SG Americas Securities LLC now owns 76,516 shares of the shipping company’s stock valued at $179,000 after purchasing an additional 20,988 shares in the last quarter. Aperio Group LLC increased its stake in Nordic American Tanker by 186.9% in the 2nd quarter. Aperio Group LLC now owns 65,728 shares of the shipping company’s stock valued at $154,000 after purchasing an additional 42,817 shares in the last quarter. Finally, Coastal Investment Advisors Inc. acquired a new position in Nordic American Tanker during the second quarter worth $235,000. 24.41% of the stock is currently owned by hedge funds and other institutional investors.
Nordic American Tanker Company Profile
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 33 Suezmax crude oil tankers. The company was founded in 1995 and is based in Hamilton, Bermuda.
See Also: QQQ ETF
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Nordic American Tanker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordic American Tanker and related companies with MarketBeat.com's FREE daily email newsletter.