Overseas Shipholding Group (NYSE:OSG) posted its quarterly earnings results on Friday. The transportation company reported $0.13 earnings per share (EPS) for the quarter, Morningstar.com reports. The business had revenue of $80.54 million during the quarter. Overseas Shipholding Group had a return on equity of 17.86% and a net margin of 14.13%.
Shares of OSG stock traded down $0.90 during trading hours on Friday, reaching $2.20. The company had a trading volume of 1,097,998 shares, compared to its average volume of 277,166. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.81 and a quick ratio of 4.38. The firm has a market capitalization of $268.91 million, a PE ratio of 5.21 and a beta of -0.17. Overseas Shipholding Group has a 12-month low of $1.67 and a 12-month high of $4.16.
In other news, major shareholder Paulson & Co. Inc. sold 736,431 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $3.32, for a total value of $2,444,950.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.53% of the stock is owned by corporate insiders.
Overseas Shipholding Group Company Profile
Overseas Shipholding Group, Inc owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products in the United States. At December 31, 2017, the company owned or operated a fleet of 23 vessels totaling an aggregate of approximately 1 million deadweight tons.
Further Reading: Return on Investment (ROI)
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