Cool (NYSE:CLCO) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Cool (NYSE:CLCO) reported quarterly earnings of $0.21 per share, beating estimates by $0.02. Revenue was $86.31 million, surpassing the expected $84.71 million. Despite positive earnings, the stock fell 0.3% to $9.75. Analysts have downgraded the stock to a 'Hold' rating. Cool Company Ltd. operates LNG carriers and has a market cap of $523.68 million.
Cool (NYSE:CLCO - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.02, Zacks reports. The company had revenue of $86.31 million for the quarter, compared to the consensus estimate of $84.71 million.
Cool Stock Down 0.3%
Shares of NYSE CLCO traded down $0.03 during trading on Thursday, hitting $9.75. The stock had a trading volume of 70,135 shares, compared to its average volume of 187,914. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.79 and a quick ratio of 0.77. The firm has a fifty day moving average of $9.30 and a two-hundred day moving average of $7.79. Cool has a 12 month low of $4.51 and a 12 month high of $9.86. The company has a market capitalization of $523.68 million, a PE ratio of 57.36 and a beta of 0.70.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on CLCO shares. Wall Street Zen downgraded Cool from a "hold" rating to a "sell" rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Cool in a research report on Wednesday, October 8th. Finally, B. Riley downgraded shares of Cool from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 24th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold".
Check Out Our Latest Analysis on Cool
About Cool
(Get Free Report)Cool Company Ltd. engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, it owned a fleet of eleven LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; and managed 17 LNGCs and floating storage and regasification units for third parties.
Featured Stories
- Five stocks we like better than Cool
- What does consumer price index measure?
- Joby and Archer Forge a New Strategic Chapter in the UAE
- Trading Stocks: RSI and Why it's Useful
- 3 Speculative Stocks to Sell Before the Bottom Drops Out
- 3 Monster Growth Stocks to Buy Now
- The Off-Price Retail King? Why TJX Looks Ready to Break Out
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Cool Right Now?
Before you consider Cool, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cool wasn't on the list.
While Cool currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
