Wall Street analysts expect Golar LNG Limited (NASDAQ:GLNG) to report $43.87 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Golar LNG’s earnings, with the lowest sales estimate coming in at $37.31 million and the highest estimate coming in at $49.29 million. Golar LNG posted sales of $23.06 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 90.2%. The company is scheduled to announce its next quarterly earnings report on Tuesday, February 27th.
According to Zacks, analysts expect that Golar LNG will report full-year sales of $43.87 million for the current year, with estimates ranging from $58.51 million to $100.50 million. For the next financial year, analysts anticipate that the company will post sales of $388.85 million per share, with estimates ranging from $332.20 million to $487.03 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Golar LNG.
Golar LNG (NASDAQ:GLNG) last issued its quarterly earnings data on Thursday, November 30th. The shipping company reported ($0.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.36) by ($0.07). The company had revenue of $32.43 million for the quarter, compared to the consensus estimate of $24.04 million. Golar LNG had a negative net margin of 180.90% and a negative return on equity of 9.15%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its position in Golar LNG by 2.2% in the second quarter. California Public Employees Retirement System now owns 85,200 shares of the shipping company’s stock worth $1,896,000 after acquiring an additional 1,800 shares during the period. Loews Corp raised its position in Golar LNG by 8.0% in the fourth quarter. Loews Corp now owns 25,530 shares of the shipping company’s stock worth $761,000 after acquiring an additional 1,900 shares during the period. Fernwood Investment Management LLC raised its position in Golar LNG by 3.5% in the third quarter. Fernwood Investment Management LLC now owns 80,850 shares of the shipping company’s stock worth $1,828,000 after acquiring an additional 2,700 shares during the period. Baker Avenue Asset Management LP raised its position in Golar LNG by 2.6% in the fourth quarter. Baker Avenue Asset Management LP now owns 123,232 shares of the shipping company’s stock worth $3,674,000 after acquiring an additional 3,065 shares during the period. Finally, SG Americas Securities LLC raised its position in Golar LNG by 10.0% in the third quarter. SG Americas Securities LLC now owns 38,592 shares of the shipping company’s stock worth $873,000 after acquiring an additional 3,523 shares during the period. Institutional investors and hedge funds own 85.56% of the company’s stock.
Shares of Golar LNG (NASDAQ:GLNG) traded up $0.56 during trading on Thursday, reaching $27.87. 508,193 shares of the company were exchanged, compared to its average volume of 1,087,264. The company has a market capitalization of $2,814.87, a P/E ratio of -14.29, a price-to-earnings-growth ratio of 12.51 and a beta of 0.76. Golar LNG has a 12 month low of $19.32 and a 12 month high of $31.64. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.77.
Golar LNG Company Profile
Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).
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