FLEX LNG Record Quarterly Revenue Draws Analyst Focus on Dividend Coverage
· 3 sources
Seeking Alpha reports record Q3 revenue at FLEX LNG, while adjusted earnings per share trail the dividend. Bloomberg and WSJ note wider market themes.
What happened
Seeking Alpha reports that FLEX LNG (NYSE:FLNG) posted record revenue in the third quarter, but that its earnings do not cover the dividend. The analyst behind the piece rates the shares a Hold.
According to Seeking Alpha, adjusted earnings per share over the last twelve months were $2.18, below the $3.00 dividend. The analyst puts fair value at $24.00 to $26.70 and describes 2027 as looking tough.
Separately, Bloomberg reports that US inflation exceeded projections, and the WSJ reports that healthcare stocks were caught up in a market selloff.
Context
LNG shipping companies often pay out a large share of their earnings as dividends, so analysts commonly compare payouts with earnings.
Why it matters
The gap between earnings and the dividend, together with inflation and selloff headlines, may shape how investors view the company and the broader market.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$74.98−4.02% vs. previous close ($78.12) · November 13
Fair value (ATLAS)
$67.83Fair range: $23.93 to $95.98The price ($74.98) is 10.6% above that figure.
Chance of a rise in 1 month
45%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $62.26 and $85.24; 9 in 10, between $47.13 and $112.61.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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