Cool (NYSE:CLCO) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Cool (NYSE:CLCO) 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”.

About Cool

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.