Cool (NYSE:CLCO) Announces Quarterly Earnings Results

Cool (NYSE:CLCO) announced its earnings results on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02, Zacks reports. The business had revenue of $86.31 million for the quarter, compared to analysts’ expectations of $84.71 million.

Cool Price Performance

NYSE CLCO traded down $0.03 during trading on Thursday, reaching $9.75. The company’s stock had a trading volume of 70,135 shares, compared to its average volume of 187,914. The stock has a market capitalization of $523.68 million, a PE ratio of 57.36 and a beta of 0.70. 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 200 day moving average of $7.79. Cool has a one year low of $4.51 and a one year high of $9.86.

Analyst Ratings Changes

Several research firms recently weighed in on CLCO. Weiss Ratings restated a “hold (c-)” rating on shares of Cool in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Cool from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Finally, B. Riley downgraded Cool from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 24th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Cool currently has an average rating of “Hold”.

Cool Company Profile

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.