Are Golden Ocean Group Limited's (NASDAQ:GOGL) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness? [Yahoo! Finance]
Golden Ocean Group Limited (GOGL)
Last golden ocean group limited earnings: 5/22 02:10 am
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US:NASDAQ Investor Relations:
goldenocean.no
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Source: Yahoo! Finance
Golden Ocean Group's ROE in this article. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits. How Do You Calculate Return On Equity? The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Golden Ocean Group is: 11% = US$214m ÷ US$1.9b (Based on the trailing twelve months to June 2024). The 'return' is the yearly profit. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.11 in profit. What Has ROE Got To Do With Earnings Growth? So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of th
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GOGL
News
- Golden Ocean Group Limited (NASDAQ: GOGL) had its "hold" rating re-affirmed by analysts at Pareto Securities. They now have a $12.50 price target on the stock.MarketBeat
- GOGL – Invitation to presentation of Q3 2024 ResultsGlobeNewswire
- Private companies who have a significant stake must be disappointed along with institutions after Golden Ocean Group Limited's (NASDAQ:GOGL) market cap dropped by US$116m [Yahoo! Finance]Yahoo! Finance
- Golden Ocean Group Limited (NASDAQ: GOGL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Golden Ocean Has Found A Way To Navigate The Cyclical Bulk Carrier Business [Seeking Alpha]Seeking Alpha
GOGL
Earnings
- 8/28/24 - Beat
GOGL
Sec Filings
- 9/5/24 - Form 6-K
- 8/28/24 - Form 6-K
- GOGL's page on the SEC website