Overseas Shipholding Group (OSG) Set to Announce Earnings on Friday

Overseas Shipholding Group (NYSE:OSG) will be announcing its earnings results before the market opens on Friday, May 10th. Investors interested in registering for the company’s conference call can do so using this link.

Overseas Shipholding Group (NYSE:OSG) last posted its quarterly earnings results on Monday, March 11th. The transportation company reported $0.26 earnings per share for the quarter. The business 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 previous year, the firm posted $0.75 EPS.

Overseas Shipholding Group Stock Up 0.4 %

Overseas Shipholding Group stock opened at $6.31 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.67 and a current ratio of 0.68. The business’s 50-day simple moving average is $6.14 and its two-hundred day simple moving average is $5.64. The company has a market cap of $441.54 million, a PE ratio of 8.19 and a beta of 0.39. Overseas Shipholding Group has a fifty-two week low of $3.59 and a fifty-two week high of $6.74.

Overseas Shipholding Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 annualized dividend and a yield of 3.81%. Overseas Shipholding Group’s payout ratio is presently 31.17%.

Insider Buying and Selling

In related news, CEO Samuel H. Norton sold 20,337 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $5.98, for a total value of $121,615.26. Following the completion of the transaction, the chief executive officer now owns 2,537,142 shares of the company’s stock, valued at approximately $15,172,109.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Samuel H. Norton sold 50,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $6.05, for a total value of $302,500.00. Following the completion of the sale, the chief executive officer now owns 2,352,388 shares of the company’s stock, valued at $14,231,947.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Samuel H. Norton sold 20,337 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $5.98, for a total value 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. In the last 90 days, insiders sold 120,337 shares of company stock valued at $738,115. 7.97% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Overseas Shipholding Group Company Profile

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.