$129.64 Million in Sales Expected for Golar LNG Limited (GLNG) This Quarter
Analysts expect Golar LNG Limited (NASDAQ:GLNG) to report sales of $129.64 million for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Golar LNG’s earnings. The highest sales estimate is $146.61 million and the lowest is $117.90 million. Golar LNG posted sales of $57.59 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 125.1%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 27th.
On average, analysts expect that Golar LNG will report full year sales of $316.68 million for the current year, with estimates ranging from $281.12 million to $355.70 million. For the next fiscal year, analysts anticipate that the business will report sales of $505.81 million, with estimates ranging from $368.25 million to $598.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Golar LNG.
Golar LNG (NASDAQ:GLNG) last posted its quarterly earnings results on Monday, November 5th. The shipping company reported ($0.45) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.34). Golar LNG had a net margin of 27.87% and a negative return on equity of 4.34%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Mount Yale Investment Advisors LLC acquired a new position in shares of Golar LNG during the second quarter valued at $106,000. Nisa Investment Advisors LLC increased its holdings in shares of Golar LNG by 884.2% during the second quarter. Nisa Investment Advisors LLC now owns 4,675 shares of the shipping company’s stock valued at $138,000 after purchasing an additional 4,200 shares during the period. Sei Investments Co. increased its holdings in shares of Golar LNG by 104.5% during the second quarter. Sei Investments Co. now owns 5,326 shares of the shipping company’s stock valued at $156,000 after purchasing an additional 2,721 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Golar LNG during the first quarter valued at $172,000. Finally, Cerebellum GP LLC bought a new position in Golar LNG during the third quarter valued at about $192,000. 78.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of GLNG stock traded up $1.41 on Wednesday, hitting $24.94. 1,241,445 shares of the stock traded hands, compared to its average volume of 1,308,893. Golar LNG has a 1-year low of $23.40 and a 1-year high of $35.54. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.83. The firm has a market cap of $2.62 billion, a P/E ratio of -16.97 and a beta of 0.60.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Friday, December 14th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This is a positive change from Golar LNG’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 2.41%. Golar LNG’s dividend payout ratio (DPR) is currently -34.01%.
Golar LNG Company Profile
Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.
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