FLEX LNG (FLNG) Expected to Announce Earnings on Wednesday

FLEX LNG (NYSE:FLNG) will likely be releasing 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. Parties interested in registering for the company’s conference call can do so using this link.

FLEX LNG (NYSE:FLNG) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company 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 Price Performance

Shares of FLNG opened at $25.50 on Monday. The company’s 50-day moving average is $23.82 and its 200-day 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. The firm has a market capitalization of $1.37 billion, a PE ratio of 15.00 and a beta of 0.72. FLEX LNG has a fifty-two week low of $20.85 and a fifty-two week high of $30.48.

FLEX LNG Announces Dividend

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

Analyst Upgrades and Downgrades

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

About FLEX LNG

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.