FY2025 Earnings Estimate for International Seaways, Inc. Issued By B. Riley (NYSE:INSW)

International Seaways, Inc. (NYSE:INSW) – Stock analysts at B. Riley dropped their FY2025 earnings per share estimates for International Seaways in a research note issued on Wednesday, May 8th. B. Riley analyst L. Burke now expects that the transportation company will post earnings of $8.31 per share for the year, down from their prior estimate of $8.46. The consensus estimate for International Seaways’ current full-year earnings is $9.33 per share.

INSW has been the topic of a number of other research reports. Jefferies Financial Group restated a “buy” rating and issued a $66.00 target price on shares of International Seaways in a research note on Thursday, February 29th. StockNews.com downgraded shares of International Seaways from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Finally, Stifel Nicolaus upped their price objective on shares of International Seaways from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, April 19th.

International Seaways Stock Performance

NYSE:INSW opened at $61.29 on Thursday. The company has a 50-day moving average of $53.52 and a 200-day moving average of $50.41. The company has a current ratio of 2.38, a quick ratio of 2.37 and a debt-to-equity ratio of 0.35. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 5.45 and a beta of -0.05. International Seaways has a twelve month low of $34.77 and a twelve month high of $61.55.

International Seaways (NYSE:INSW) last announced its quarterly earnings results on Thursday, February 29th. The transportation company reported $2.18 EPS for the quarter, beating the consensus estimate of $2.08 by $0.10. The company had revenue of $250.73 million for the quarter, compared to analyst estimates of $239.36 million. International Seaways had a net margin of 51.92% and a return on equity of 32.03%.

International Seaways Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.80 annualized dividend and a yield of 7.83%. International Seaways’s dividend payout ratio is 4.27%.

Insiders Place Their Bets

In related news, CFO Jeffrey Pribor sold 1,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $53.09, for a total value of $53,090.00. Following the completion of the transaction, the chief financial officer now directly owns 82,161 shares in the company, valued at $4,361,927.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other International Seaways news, Director Douglas D. Wheat sold 3,846 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $51.22, for a total transaction of $196,992.12. Following the completion of the transaction, the director now directly owns 26,056 shares in the company, valued at $1,334,588.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey Pribor sold 1,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $53.09, for a total transaction of $53,090.00. Following the completion of the sale, the chief financial officer now owns 82,161 shares in the company, valued at approximately $4,361,927.49. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,846 shares of company stock worth $3,074,618. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Swiss National Bank increased its stake in shares of International Seaways by 0.4% in the 3rd quarter. Swiss National Bank now owns 75,200 shares of the transportation company’s stock valued at $3,384,000 after buying an additional 300 shares during the period. Consolidated Portfolio Review Corp lifted its position in International Seaways by 7.0% during the 4th quarter. Consolidated Portfolio Review Corp now owns 7,846 shares of the transportation company’s stock valued at $357,000 after purchasing an additional 516 shares during the period. Verity Asset Management Inc. boosted its stake in shares of International Seaways by 6.3% in the 4th quarter. Verity Asset Management Inc. now owns 9,195 shares of the transportation company’s stock valued at $418,000 after purchasing an additional 549 shares during the last quarter. Headlands Technologies LLC grew its holdings in International Seaways by 173.4% during the 1st quarter. Headlands Technologies LLC now owns 905 shares of the transportation company’s stock worth $48,000 after acquiring an additional 574 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of International Seaways by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 7,303 shares of the transportation company’s stock valued at $389,000 after acquiring an additional 574 shares during the last quarter. Institutional investors own 67.29% of the company’s stock.

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 in two segments: Crude Tankers and Product Carriers. As of December 31, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities.