Nordic American Tankers (NYSE:NAT - Get Free Report) is expected to be announcing its earnings results 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 - Get Free Report) last released its quarterly earnings data on Friday, November 29th. The shipping company reported $0.04 earnings per share for the quarter, missing the consensus estimate 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 0.2 %
Nordic American Tankers stock traded down $0.01 during midday trading on Friday, hitting $2.46. 5,138,182 shares of the stock were exchanged, compared to its average volume of 2,894,448. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of 0.36. Nordic American Tankers has a 52 week low of $2.41 and a 52 week high of $4.40. The company has a fifty day simple moving average of $2.66 and a two-hundred day simple moving average of $3.09. The stock has a market capitalization of $512.59 million, a PE ratio of 8.47 and a beta of -0.31.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on NAT. StockNews.com lowered shares of Nordic American Tankers from a "hold" rating to a "sell" rating in a research note on Thursday. Jefferies Financial Group reaffirmed a "hold" rating and issued a $3.00 price target on shares of Nordic American Tankers in a research note on Friday.
Read Our Latest Research Report on NAT
Nordic American Tankers Company Profile
(
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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.
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