Wall Street analysts expect that Nordic American Tanker Ltd (NYSE:NAT) will report $33.65 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Nordic American Tanker’s earnings, with estimates ranging from $31.00 million to $38.19 million. Nordic American Tanker reported sales of $27.01 million during the same quarter last year, which indicates a positive year over year growth rate of 24.6%. The company is scheduled to report its next earnings results before the market opens on Friday, August 16th.
On average, analysts expect that Nordic American Tanker will report full-year sales of $175.82 million for the current year, with estimates ranging from $156.60 million to $187.83 million. For the next financial year, analysts expect that the business will report sales of $213.70 million, with estimates ranging from $194.08 million to $238.41 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Nordic American Tanker.
Nordic American Tanker (NYSE:NAT) last posted its quarterly earnings results on Tuesday, May 14th. The shipping company reported $0.04 EPS for the quarter. Nordic American Tanker had a negative return on equity of 7.43% and a negative net margin of 47.28%. The company had revenue of $53.63 million during the quarter, compared to analysts’ expectations of $49.84 million.
Institutional investors have recently bought and sold shares of the company. Two Sigma Advisers LP purchased a new position in Nordic American Tanker during the 4th quarter valued at about $31,000. Nisa Investment Advisors LLC purchased a new position in Nordic American Tanker in the second quarter valued at $113,000. Northern Trust Corp increased its holdings in Nordic American Tanker by 1.9% in the fourth quarter. Northern Trust Corp now owns 1,320,810 shares of the shipping company’s stock valued at $2,642,000 after buying an additional 25,231 shares in the last quarter. Geode Capital Management LLC increased its holdings in Nordic American Tanker by 18.6% in the fourth quarter. Geode Capital Management LLC now owns 490,347 shares of the shipping company’s stock valued at $980,000 after buying an additional 76,914 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Nordic American Tanker in the first quarter valued at $112,000. 22.90% of the stock is owned by institutional investors.
Shares of Nordic American Tanker stock traded down $0.08 during trading on Friday, reaching $1.75. 1,563,135 shares of the company’s stock were exchanged, compared to its average volume of 1,175,716. The company has a current ratio of 2.79, a quick ratio of 2.22 and a debt-to-equity ratio of 0.66. Nordic American Tanker has a 1-year low of $1.75 and a 1-year high of $3.47. The stock has a market cap of $256.97 million, a P/E ratio of -2.87 and a beta of 0.62. The company has a 50-day simple moving average of $2.12.
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.
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