Equities research analysts at B. Riley have revised their earnings forecast for Cool Company Ltd. (NYSE:CLCO), anticipating lower earnings per share (EPS) for the fiscal year 2025. In a report issued on November 20, 2023, analyst L. Burke projected that Cool will generate an EPS of $0.78, a decrease from the previous estimate of $0.83. The firm maintains a “Hold” rating on the stock.
Analysts’ consensus estimates suggest that Cool’s full-year earnings for the current period will reach $1.68 per share. Additionally, B. Riley has set its estimates for Cool’s fourth-quarter earnings at $0.18 EPS and for fiscal year 2026 at $0.96 EPS. Other analysts have also weighed in on the stock, with Wall Street Zen downgrading Cool from a “hold” to a “sell” rating on September 26. Similarly, Zacks Research downgraded the stock from “hold” to “strong sell” on November 21, while Weiss Ratings reaffirmed a “hold (c-)” rating on October 8. Currently, three analysts have rated the stock as “Hold,” while one has issued a “Sell” rating, leading to a consensus rating of “Reduce,” according to data from MarketBeat.
Market Performance and Financials
On Monday, shares of Cool opened at $9.74, reflecting a slight decline of 0.2%. The company currently has a market capitalization of $522.77 million and a price-to-earnings ratio of 57.26. Financial metrics show a debt-to-equity ratio of 1.68, a quick ratio of 0.77, and a current ratio of 0.79. Over the last year, Cool’s stock has fluctuated between a low of $4.51 and a high of $9.86. The company’s moving averages stand at $9.45 for the past 50 days and $7.91 for the past 200 days.
Cool’s latest earnings results, released on November 20, indicated an EPS of $0.21 for the quarter, exceeding analysts’ consensus estimates of $0.19 by $0.02. The company reported revenues of $86.31 million, surpassing projections of $84.71 million.
Institutional Investments
Recent institutional trading activity shows a notable increase in holdings of Cool stock. Donald Smith & CO. Inc. raised its position in Cool Company Ltd. by 3.9% during the second quarter, as disclosed in its recent filing with the SEC. The institutional investor now holds 3,564,815 shares, after acquiring an additional 132,704 shares during the quarter, representing approximately 6.64% of the company valued at $23,884,000. Currently, institutional investors, including hedge funds, own 20.66% of Cool’s stock.
Cool Company Ltd. specializes in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, the company operates a fleet of eleven LNGCs, which includes seven modern tri-fuel diesel electric vessels, alongside managing seventeen LNGCs and floating storage and regasification units for third-party clients.
