Earnings Summary

Nordic American Tankers Limited’s revenue fell -31.97% since last year same period to $59.25Mn in the Q4 2023. On a quarterly growth basis, Nordic American Tankers Limited has generated 23.35% jump in its revenue since last 3-months.

Nordic American Tankers Limited’s net profit fell -62.69% since last year same period to $17.5Mn in the Q4 2023. On a quarterly growth basis, Nordic American Tankers Limited has generated 133.79% jump in its net profits since last 3-months.

Nordic American Tankers Limited’s net profit margin fell -45.16% since last year same period to 29.54% in the Q4 2023. On a quarterly growth basis, Nordic American Tankers Limited has generated 89.53% jump in its net profit margins since last 3-months.

Nordic American Tankers Limited’s price-to-earnings ratio after this Q4 2023 earnings stands at 8.04.

Nordic American Tankers Limited’s earning per share (EPS) estimates for the current quarter stand at 0.11 - a -15.38% fall from last quarter’s estimates.

Nordic American Tankers Limited’s earning per share (EPS) estimates for the current year stand at 0.11.

Nordic American Tankers Limited’s earning per share (EPS) fell -52.94% since last year same period to 0.08 in the Q4 2023. This indicates that the Nordic American Tankers Limited has generated -52.94% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Nordic American Tankers Limited’s return on assets (ROA) stands at 0.09.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Nordic American Tankers Limited’s return on equity (ROE) stands at 0.18.

Nordic American Tankers Limited declared 0.06 dividend per share during the earnings announcement for Q4 2023.