SEASPAN CORP/SH SH (NYSE:SSW) has received an average recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $9.50.
SSW has been the subject of several research reports. Zacks Investment Research downgraded shares of SEASPAN CORP/SH SH from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. BMO Capital Markets assumed coverage on shares of SEASPAN CORP/SH SH in a research note on Wednesday. They issued a “market perform” rating and a $10.50 price target for the company. Finally, Jefferies Financial Group downgraded shares of SEASPAN CORP/SH SH from a “buy” rating to a “hold” rating and set a $10.00 price target for the company. in a research note on Thursday, May 9th.
SEASPAN CORP/SH SH stock traded down $0.16 during trading on Friday, hitting $9.64. The company had a trading volume of 4,711 shares, compared to its average volume of 475,476. SEASPAN CORP/SH SH has a 1-year low of $7.05 and a 1-year high of $10.70. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The company has a 50 day simple moving average of $10.03. The stock has a market cap of $2.11 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 1.22 and a beta of 0.78.
SEASPAN CORP/SH SH (NYSE:SSW) last posted its earnings results on Wednesday, August 7th. The shipping company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. SEASPAN CORP/SH SH had a net margin of 40.70% and a return on equity of 9.89%. The firm had revenue of $275.42 million during the quarter, compared to the consensus estimate of $277.26 million. During the same quarter last year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities analysts anticipate that SEASPAN CORP/SH SH will post 0.69 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 30th. Investors of record on Monday, July 22nd were paid a dividend of $0.125 per share. The ex-dividend date was Friday, July 19th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.19%. SEASPAN CORP/SH SH’s payout ratio is currently 40.98%.
Several hedge funds have recently modified their holdings of SSW. BlackRock Inc. raised its position in SEASPAN CORP/SH SH by 30.4% during the fourth quarter. BlackRock Inc. now owns 3,088,699 shares of the shipping company’s stock valued at $24,184,000 after purchasing an additional 719,762 shares during the period. Northern Trust Corp raised its position in SEASPAN CORP/SH SH by 3.6% during the fourth quarter. Northern Trust Corp now owns 136,059 shares of the shipping company’s stock valued at $1,066,000 after purchasing an additional 4,680 shares during the period. Two Sigma Advisers LP grew its stake in shares of SEASPAN CORP/SH SH by 4.8% during the fourth quarter. Two Sigma Advisers LP now owns 138,400 shares of the shipping company’s stock valued at $1,084,000 after buying an additional 6,311 shares during the last quarter. Millennium Management LLC bought a new position in shares of SEASPAN CORP/SH SH during the fourth quarter valued at approximately $601,000. Finally, Norges Bank bought a new position in shares of SEASPAN CORP/SH SH during the fourth quarter valued at approximately $5,244,000. Hedge funds and other institutional investors own 45.51% of the company’s stock.
SEASPAN CORP/SH SH Company Profile
Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company charters its containerships under long-term, fixed-rate time charters to various container liner companies. As of February 15, 2018, it operated a fleet of 91 containerships. The company was founded in 2005 and is based in Hong Kong, Hong Kong.
Featured Article: How to calculate compound interest
Receive News & Ratings for SEASPAN CORP/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEASPAN CORP/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.