Seaspan Co. (NYSE:SSW) – Research analysts at Seaport Global Securities issued their Q2 2018 earnings per share estimates for shares of Seaspan in a report issued on Tuesday. Seaport Global Securities analyst K. Sterling forecasts that the shipping company will earn $0.23 per share for the quarter. Seaport Global Securities currently has a “Buy” rating and a $10.00 target price on the stock. Seaport Global Securities also issued estimates for Seaspan’s Q3 2018 earnings at $0.28 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $0.97 EPS, Q1 2019 earnings at $0.30 EPS, Q2 2019 earnings at $0.33 EPS, Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.40 EPS and FY2019 earnings at $1.40 EPS.
Several other analysts also recently weighed in on SSW. Jefferies Group initiated coverage on shares of Seaspan in a report on Monday, December 18th. They issued a “buy” rating and a $20.00 target price for the company. ValuEngine downgraded shares of Seaspan from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded shares of Seaspan from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Morgan Stanley lifted their target price on shares of Seaspan from $5.50 to $6.00 and gave the company an “underweight” rating in a report on Monday, February 12th. Finally, Bank of America dropped their target price on shares of Seaspan from $7.00 to $6.00 and set an “underperform” rating for the company in a report on Friday, March 2nd. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $8.74.
Shares of Seaspan stock opened at $6.80 on Thursday. Seaspan has a 1-year low of $5.02 and a 1-year high of $7.91. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $799.57, a P/E ratio of 7.31, a P/E/G ratio of 0.24 and a beta of 0.62.
Seaspan (NYSE:SSW) last released its quarterly earnings results on Tuesday, February 27th. The shipping company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.04). The firm had revenue of $214.38 million for the quarter, compared to analysts’ expectations of $217.56 million. Seaspan had a net margin of 21.08% and a return on equity of 6.79%. During the same period in the previous year, the firm posted $0.21 EPS.
Several large investors have recently bought and sold shares of the business. Macquarie Group Ltd. grew its stake in shares of Seaspan by 15.1% in the fourth quarter. Macquarie Group Ltd. now owns 61,900 shares of the shipping company’s stock worth $418,000 after acquiring an additional 8,100 shares in the last quarter. LPL Financial LLC grew its stake in shares of Seaspan by 6.0% in the fourth quarter. LPL Financial LLC now owns 133,063 shares of the shipping company’s stock worth $898,000 after acquiring an additional 7,524 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Seaspan by 101.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 74,295 shares of the shipping company’s stock worth $501,000 after acquiring an additional 37,500 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Seaspan by 2,436.0% in the fourth quarter. Two Sigma Investments LP now owns 507,432 shares of the shipping company’s stock worth $3,425,000 after acquiring an additional 487,423 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Seaspan by 760.2% in the fourth quarter. Two Sigma Advisers LP now owns 214,094 shares of the shipping company’s stock worth $1,445,000 after acquiring an additional 189,205 shares in the last quarter. Institutional investors and hedge funds own 15.64% of the company’s stock.
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Seaspan Company Profile
Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.
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