Wall Street analysts expect Ship Finance International Limited (NYSE:SFL) to report $123.35 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Ship Finance International’s earnings. The lowest sales estimate is $114.10 million and the highest is $135.04 million. Ship Finance International reported sales of $96.10 million during the same quarter last year, which indicates a positive year-over-year growth rate of 28.4%. The firm is expected to report its next quarterly earnings results on Tuesday, February 26th.
On average, analysts expect that Ship Finance International will report full-year sales of $429.14 million for the current fiscal year, with estimates ranging from $414.20 million to $452.16 million. For the next fiscal year, analysts forecast that the company will report sales of $472.94 million, with estimates ranging from $443.36 million to $529.06 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Ship Finance International.
Ship Finance International (NYSE:SFL) last issued its quarterly earnings results on Tuesday, November 20th. The shipping company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.08. Ship Finance International had a return on equity of 9.68% and a net margin of 22.77%. The business had revenue of $111.00 million during the quarter, compared to analyst estimates of $114.96 million. During the same quarter in the prior year, the business posted $0.31 EPS. Ship Finance International’s revenue for the quarter was up 18.5% compared to the same quarter last year.
A number of brokerages have issued reports on SFL. Zacks Investment Research lowered Ship Finance International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 15th. Pareto Securities upgraded Ship Finance International from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. B. Riley began coverage on Ship Finance International in a research note on Thursday, January 10th. They issued a “neutral” rating and a $11.90 price target for the company. UBS Group upgraded Ship Finance International from a “sell” rating to a “buy” rating in a research note on Thursday, November 29th. Finally, Citigroup began coverage on Ship Finance International in a research report on Thursday, December 27th. They set a “neutral” rating and a $11.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $13.88.
SFL stock traded up $0.01 during trading on Friday, reaching $12.16. The company’s stock had a trading volume of 2,090 shares, compared to its average volume of 491,007. Ship Finance International has a 1 year low of $10.31 and a 1 year high of $15.65. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.60 and a current ratio of 0.61. The firm has a market capitalization of $1.49 billion, a PE ratio of 10.21 and a beta of 1.43.
Institutional investors and hedge funds have recently made changes to their positions in the company. Rehmann Capital Advisory Group lifted its position in Ship Finance International by 1,289.9% during the third quarter. Rehmann Capital Advisory Group now owns 4,531 shares of the shipping company’s stock valued at $326,000 after purchasing an additional 4,205 shares during the period. Baillie Gifford & Co. acquired a new position in Ship Finance International during the third quarter valued at $115,000. Jane Street Group LLC acquired a new position in Ship Finance International during the third quarter valued at $208,000. MML Investors Services LLC lifted its position in Ship Finance International by 37.9% during the third quarter. MML Investors Services LLC now owns 17,723 shares of the shipping company’s stock valued at $246,000 after purchasing an additional 4,868 shares during the period. Finally, M&T Bank Corp lifted its position in Ship Finance International by 50.0% during the fourth quarter. M&T Bank Corp now owns 18,000 shares of the shipping company’s stock valued at $190,000 after purchasing an additional 6,000 shares during the period. 29.28% of the stock is currently owned by hedge funds and other institutional investors.
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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