Cool (NYSE:CLCO) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Cool (NYSE:CLCO) posted its quarterly earnings results on Thursday. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02, Zacks reports. The firm had revenue of $86.31 million during the quarter, compared to analyst estimates of $84.71 million.

Cool Stock Performance

Shares of NYSE:CLCO opened at $9.75 on Friday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.79 and a quick ratio of 0.77. The business’s fifty day moving average price is $9.33 and its two-hundred day moving average price is $7.80. Cool has a fifty-two week low of $4.51 and a fifty-two week high of $9.86. The stock has a market capitalization of $523.68 million, a price-to-earnings ratio of 57.36 and a beta of 0.70.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. B. Riley cut Cool from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Wall Street Zen cut shares of Cool from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cool in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

About Cool

Cool Company Ltd. engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, it owned a fleet of eleven LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; and managed 17 LNGCs and floating storage and regasification units for third parties.