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

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

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

Overseas Shipholding Group Price Performance

Shares of NYSE:OSG opened at $6.63 on Thursday. The company has a market cap of $463.96 million, a price-to-earnings ratio of 8.60 and a beta of 0.39. 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 firm has a 50 day simple moving average of $6.15 and a 200 day simple moving average of $5.65. Overseas Shipholding Group has a one year low of $3.59 and a one year high of $6.74.

Overseas Shipholding Group Dividend Announcement

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

Insider Buying and Selling at Overseas Shipholding Group

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

Wall Street Analyst Weigh In

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

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.