International Seaways (INSW) to Release Earnings on Thursday


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International Seaways (NYSE:INSW) is scheduled to release its earnings data before the market opens on Thursday, May 6th. Analysts expect International Seaways to post earnings of ($0.54) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

International Seaways (NYSE:INSW) last issued its quarterly earnings results on Thursday, March 11th. The transportation company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.29). The business had revenue of $56.70 million during the quarter, compared to analysts’ expectations of $65.47 million. International Seaways had a return on equity of 16.95% and a net margin of 26.02%. On average, analysts expect International Seaways to post $5 EPS for the current fiscal year and $2 EPS for the next fiscal year.

INSW opened at $18.63 on Tuesday. The stock’s fifty day moving average is $18.98 and its two-hundred day moving average is $17.62. The company has a market capitalization of $523.26 million, a P/E ratio of 4.23 and a beta of 0.30. International Seaways has a 52 week low of $12.44 and a 52 week high of $25.88. The company has a quick ratio of 2.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.45.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Thursday, March 11th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 10th. This represents a $0.24 annualized dividend and a yield of 1.29%. International Seaways’s payout ratio is currently 39.34%.

INSW has been the topic of several research reports. HC Wainwright restated a “buy” rating and set a $30.00 price objective on shares of International Seaways in a report on Friday, April 9th. Jefferies Financial Group raised their price objective on International Seaways from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, March 18th. Zacks Investment Research upgraded International Seaways from a “sell” rating to a “hold” rating in a report on Tuesday, March 30th. Finally, TheStreet downgraded International Seaways from a “c” rating to a “d+” rating in a report on Wednesday, April 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $25.71.

About International Seaways

International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trade. It operates through two segments, Crude Tankers and Product Carriers. As of March 12, 2021, the company owned and operated a fleet of 36 vessels, including 11 very large crude carriers, 2 Suezmaxes, 4 Aframaxes/LR2s, 13 Panamaxes/LR1s, and 4 medium range tankers, as well as had ownership interests in two floating storage and offloading service vessels.

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Earnings History for International Seaways (NYSE:INSW)

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