Overseas Shipholding Group (OSG) Scheduled to Post Earnings on Friday

Overseas Shipholding Group (NYSE:OSG) is scheduled to be releasing its earnings data before the market opens on Friday, May 10th. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Overseas Shipholding Group (NYSE:OSG) last released its quarterly earnings data on Monday, March 11th. The transportation company reported $0.26 earnings per share for the quarter. The company had revenue of $116.02 million for the quarter. Overseas Shipholding Group had a return on equity of 17.84% and a net margin of 13.82%. During the same quarter in the prior year, the company posted $0.75 earnings per share.

Overseas Shipholding Group Price Performance

Overseas Shipholding Group stock opened at $6.63 on Thursday. The business has a 50 day simple moving average of $6.15 and a 200 day simple moving average of $5.65. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.68 and a quick ratio of 0.67. The company has a market capitalization of $463.96 million, a PE ratio of 8.60 and a beta of 0.39. Overseas Shipholding Group has a one year low of $3.59 and a one year high of $6.74.

Overseas Shipholding Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.62%. Overseas Shipholding Group’s payout ratio is presently 31.17%.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised Overseas Shipholding Group from a “c” rating to a “b-” rating in a report on Wednesday, February 14th.

Insider Activity

In other Overseas Shipholding Group news, CEO Samuel H. Norton sold 50,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $6.28, for a total value of $314,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,268,296 shares of the company’s stock, valued at $14,244,898.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Samuel H. Norton sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $6.28, for a total value of $314,000.00. Following the completion of the sale, the chief executive officer now owns 2,268,296 shares of the company’s stock, valued at $14,244,898.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Samuel H. Norton sold 20,337 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $5.98, for a total transaction of $121,615.26. Following the completion of the sale, the chief executive officer now directly owns 2,537,142 shares of the company’s stock, valued at approximately $15,172,109.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 120,337 shares of company stock worth $738,115. 7.97% of the stock is owned by corporate insiders.

About Overseas Shipholding Group

Overseas Shipholding Group, Inc, together with its subsidiaries, owns and operates a fleet of oceangoing vessels in the United States. Its vessels are engaged in the transportation of crude oil, petroleum, and renewable transportation fuels in the United States flag trade. As of December 31, 2023, the company owned or operated a fleet of 21 vessels totaling an aggregate of approximately 1.5 million deadweight tons.