Ship Finance International Limited (SFL) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Ship Finance International Limited (NYSE:SFL) released its earnings data on Thursday. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.04, Analyst Ratings Net reports. The company had revenue of $157.00 million for the quarter, compared to the consensus estimate of $73.13 million.
Ship Finance International Limited (NYSE:SFL) opened at 19.55 on Thursday. Ship Finance International Limited has a 52-week low of $14.90 and a 52-week high of $19.65. The stock has a 50-day moving average of $18.56 and a 200-day moving average of $18.0. The company has a market cap of $1.824 billion and a price-to-earnings ratio of 18.31.
SFL has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Ship Finance International Limited from a “neutral” rating to an “outperform” rating in a research note on Monday, August 4th. They now have a $20.20 price target on the stock. Analysts at Jefferies Group raised their price target on shares of Ship Finance International Limited from $19.00 to $21.00 in a research note on Monday, July 28th. They now have a “hold” rating on the stock.
Ship Finance International Limited (NYSE:SFL) is engaged primarily in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets.
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