Earnings Forecast: GLNG is expected to report an EPS of $0.39 and revenue of $77.62 million for the upcoming quarter.
Dividend Announcement: A cash dividend of $0.25 per share has been announced, with payment scheduled for December 2, 2024.
Financial Ratios: Key financial ratios such as a P/E ratio of 25.12 and a debt-to-equity ratio of 0.56 highlight GLNG’s market valuation and financial health.
Golar LNG Limited (NASDAQ:GLNG) is a prominent player in the liquefied natural gas (LNG) industry. The company focuses on the transportation, regasification, and liquefaction of LNG. As a key competitor in the energy sector, GLNG operates alongside other major LNG companies, striving to maintain its market position through strategic initiatives and financial performance.
GLNG is set to release its quarterly earnings on November 19, 2024, with Wall Street estimating an earnings per share (EPS) of $0.39 and projected revenue of $77.62 million. This follows the company’s Q3 2024 earnings call on November 12, 2024, where CEO Karl Fredrik Staubo and CFO Eduardo Maranhao provided insights into the company’s financial health and strategic plans. Analysts from institutions like Stifel and Deutsche Bank attended, highlighting the market’s interest in GLNG’s performance.
The company recently announced a cash dividend of $0.25 per share, scheduled for payment on December 2, 2024. The record date is November 25, 2024, with the ex-date on November 22, 2024. For shares registered in Norway’s central securities depository, the dividend will be paid in Norwegian Krone (NOK) around December 4, 2024, due to the Central Securities Depository Regulation (CSDR).
GLNG’s financial metrics provide a snapshot of its market valuation. The company has a price-to-earnings (P/E) ratio of 25.12, indicating how the market values its earnings. The price-to-sales ratio is 12.85, reflecting its market value relative to sales. The enterprise value to sales ratio is 15.15, and the enterprise value to operating cash flow ratio is 30.74, showing the company’s valuation in relation to sales and cash flow.
The company’s debt-to-equity ratio is 0.56, suggesting a moderate level of debt compared to equity. With a current ratio of 1.24, GLNG demonstrates its ability to cover short-term liabilities with short-term assets. An earnings yield of 3.98% offers insight into the return on investment for shareholders, providing a comprehensive view of GLNG’s financial standing.
