Nordic American Tankers (NAT) Projected to Post Quarterly Earnings on Wednesday

Nordic American Tankers (NYSE:NAT) will likely be announcing its Q1 2025 earnings results before the market opens on Wednesday, June 4th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $43.43 million for the quarter.

Nordic American Tankers (NYSE:NAT) last released its earnings results on Wednesday, March 5th. The shipping company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $46.39 million during the quarter, compared to the consensus estimate of $51.38 million. Nordic American Tankers had a return on equity of 11.95% and a net margin of 26.41%. On average, analysts expect Nordic American Tankers to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Nordic American Tankers Stock Performance

NYSE:NAT opened at $2.72 on Tuesday. The business has a 50 day moving average of $2.54 and a 200 day moving average of $2.62. The company has a market capitalization of $574.90 million, a price-to-earnings ratio of 9.36 and a beta of -0.27. Nordic American Tankers has a 1-year low of $2.13 and a 1-year high of $4.23. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.73 and a quick ratio of 0.56.

Nordic American Tankers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be given a $0.07 dividend. This is an increase from Nordic American Tankers’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, June 12th. This represents a $0.28 dividend on an annualized basis and a yield of 10.31%. Nordic American Tankers’s payout ratio is presently 127.27%.

Hedge Funds Weigh In On Nordic American Tankers

A number of large investors have recently bought and sold shares of the stock. Jane Street Group LLC increased its stake in Nordic American Tankers by 22.6% in the 1st quarter. Jane Street Group LLC now owns 428,298 shares of the shipping company’s stock worth $1,054,000 after purchasing an additional 78,948 shares during the period. Empowered Funds LLC increased its stake in Nordic American Tankers by 8.9% in the 1st quarter. Empowered Funds LLC now owns 221,939 shares of the shipping company’s stock worth $546,000 after purchasing an additional 18,222 shares during the period. AQR Capital Management LLC increased its stake in Nordic American Tankers by 269.8% in the 1st quarter. AQR Capital Management LLC now owns 129,546 shares of the shipping company’s stock worth $319,000 after purchasing an additional 94,514 shares during the period. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of Nordic American Tankers by 298.7% during the first quarter. Dynamic Technology Lab Private Ltd now owns 68,325 shares of the shipping company’s stock valued at $168,000 after buying an additional 51,187 shares during the period. 44.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $3.00 price target on shares of Nordic American Tankers in a research note on Thursday, May 29th. Wall Street Zen cut Nordic American Tankers from a “hold” rating to a “sell” rating in a research note on Friday.

Nordic American Tankers Company Profile

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 20 Suezmax crude oil tankers. The company was incorporated in 1995 and is headquartered in Hamilton, Bermuda.