Norway's 2020 Bulkers Q4 EBITDA beats analyst expectations

Overview

• Norway dry bulk vessel operator's Q4 EBITDA beat analyst expectations

• Company reported Q4 net profit of $13.8 mln

• Company signed agreements to sell three vessels for $218.25 mln

Outlook

• Company did not provide specific guidance for future quarters or full year

Result Drivers

• VESSEL SALES - Co signed agreements to sell three vessels for $218.25 mln, with delivery in Q1 2026

• TIME CHARTER EARNINGS - Achieved average time charter equivalent earnings of $39,300 per day in Q4 2025

• DIVIDENDS DECLARED - Declared total dividends of $0.63 per share for Q4 2025

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the marine freight & logistics peer group is "buy."

• Wall Street's median 12-month price target for 2020 Bulkers Ltd is NOK145.50, about 2.5% above its February 10 closing price of NOK141.90

• The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nMFN2Wdj7n

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.