Analysts expect Ship Finance International Limited (NYSE:SFL) to post $0.24 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Ship Finance International’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.27. Ship Finance International reported earnings of $0.30 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 20%. The firm is expected to report its next quarterly earnings results on Wednesday, August 29th.
According to Zacks, analysts expect that Ship Finance International will report full-year earnings of $1.05 per share for the current year, with EPS estimates ranging from $0.84 to $1.21. For the next financial year, analysts expect that the company will report earnings of $1.22 per share, with EPS estimates ranging from $0.87 to $1.46. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Ship Finance International.
Ship Finance International (NYSE:SFL) last released its quarterly earnings results on Thursday, May 31st. The shipping company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The business had revenue of $92.30 million during the quarter, compared to analysts’ expectations of $92.12 million. Ship Finance International had a return on equity of 9.27% and a net margin of 24.87%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Ship Finance International from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, August 7th. Seaport Global Securities raised Ship Finance International from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Friday, June 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.13.
Shares of Ship Finance International traded down $0.10, hitting $14.75, during midday trading on Friday, according to Marketbeat Ratings. 283,777 shares of the company’s stock were exchanged, compared to its average volume of 643,341. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.66 and a current ratio of 0.66. Ship Finance International has a twelve month low of $12.85 and a twelve month high of $15.98. The firm has a market capitalization of $1.82 billion, a PE ratio of 12.39 and a beta of 1.23.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Synovus Financial Corp acquired a new position in Ship Finance International during the first quarter worth approximately $100,000. Archford Capital Strategies LLC acquired a new position in Ship Finance International during the first quarter worth approximately $112,000. Cullen Frost Bankers Inc. acquired a new position in Ship Finance International during the first quarter worth approximately $147,000. Amalgamated Bank acquired a new position in Ship Finance International during the second quarter worth approximately $169,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Ship Finance International during the first quarter worth approximately $210,000. 23.69% of the stock is currently owned by institutional investors and hedge funds.
Ship Finance International Company Profile
Ship Finance International Limited owns and operates vessels and offshore related assets primarily in Bermuda, Cyprus, Malta, Liberia, Norway, the United Kingdom, and the Marshall Islands. It is also involved in the charter, purchase, and sale of assets. In addition, the company operates in various sectors of the shipping and offshore industry, including oil transportation, dry bulk shipments, chemical transportation, oil product transportation, container transportation, car transportation, drilling rigs, and offshore supply vessels.
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