Earnings results for Nordic American Tankers (NYSE:NAT)
Nordic American Tankers Limited is estimated to report earnings on 08/16/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.16. The reported EPS for the same quarter last year was $0.33.
Nordic American Tankers last released its quarterly earnings data on May 24th, 2021. The shipping company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.01. The business earned $18.81 million during the quarter, compared to analysts’ expectations of $20.47 million. Nordic American Tankers has generated $0.34 earnings per share over the last year (($0.09) diluted earnings per share). Earnings for Nordic American Tankers are expected to grow in the coming year, from ($0.41) to $0.14 per share. Nordic American Tankers has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, August 16th, 2021 based off prior year’s report dates.
Analyst Opinion on Nordic American Tankers (NYSE:NAT)
2 Wall Street analysts have issued ratings and price targets for Nordic American Tankers in the last 12 months. Their average twelve-month price target is $3.25, predicting that the stock has a possible upside of 45.74%. The high price target for NAT is $3.75 and the low price target for NAT is $2.75. There are currently 2 hold ratings for the stock, resulting in a consensus rating of “Hold.”
Nordic American Tankers has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $3.25, Nordic American Tankers has a forecasted upside of 45.7% from its current price of $2.23. Nordic American Tankers has only been the subject of 1 research reports in the past 90 days.
Dividend Strength: Nordic American Tankers (NYSE:NAT)
Nordic American Tankers is a leading dividend payer. It pays a dividend yield of 3.54%, putting its dividend yield in the top 25% of dividend-paying stocks. Nordic American Tankers has only been increasing its dividend for 1 years. The dividend payout ratio of Nordic American Tankers is 23.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Nordic American Tankers will have a dividend payout ratio of 57.14% next year. This indicates that Nordic American Tankers will be able to sustain or increase its dividend.
Insiders buying/selling: Nordic American Tankers (NYSE:NAT)
In the past three months, Nordic American Tankers insiders have not sold or bought any company stock. Only 29.91% of the stock of Nordic American Tankers is held by institutions.
Earnings and Valuation of Nordic American Tankers (NYSE:NAT
Earnings for Nordic American Tankers are expected to grow in the coming year, from ($0.41) to $0.14 per share. The P/E ratio of Nordic American Tankers is -24.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Nordic American Tankers is -24.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Nordic American Tankers has a P/B Ratio of 0.56. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
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