FLEX LNG (FLNG) to Release Quarterly Earnings on Wednesday

FLEX LNG (NYSE:FLNG) is expected to release its earnings data before the market opens on Wednesday, February 5th. Analysts expect FLEX LNG to post earnings of $0.51 per share and revenue of $89.87 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

FLEX LNG (NYSE:FLNG) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $90.48 million for the quarter. FLEX LNG had a return on equity of 16.27% and a net margin of 25.33%. On average, analysts expect FLEX LNG to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

FLEX LNG Stock Performance

Shares of NYSE:FLNG opened at $25.50 on Monday. The company’s 50 day simple moving average is $23.82 and its 200 day simple moving average is $25.17. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.21 and a quick ratio of 2.18. FLEX LNG has a 1 year low of $20.85 and a 1 year high of $30.48. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 15.00 and a beta of 0.72.

FLEX LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Wednesday, November 27th were paid a $0.75 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $3.00 annualized dividend and a dividend yield of 11.76%. FLEX LNG’s payout ratio is 176.47%.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “hold” rating and issued a $24.00 price objective on shares of FLEX LNG in a research note on Tuesday, November 12th.

FLEX LNG Company Profile

FLEX LNG Ltd. engages in the seaborne transportation of liquefied natural gas (LPG) through the ownership and operation of LNG carriers. The company was founded by Philip Eystein Fjeld, Trym Tveitnes and Jostein Ueland in September 2006 and is headquartered in Hamilton, Bermuda.