Analysts Expect Ship Finance International Ltd. (NYSE:SFL) to Announce $0.42 Earnings Per Share
Shares of Ship Finance International Ltd. (NYSE:SFL) have been given an average broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Four analysts have rated the stock with a hold recommendation.
Brokers have set a 1-year consensus target price of $15.00 for the company and are forecasting that the company will post $0.42 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Ship Finance International an industry rank of 227 out of 265 based on the ratings given to its competitors.
Several equities analysts have commented on SFL shares. Zacks Investment Research upgraded shares of Ship Finance International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 17th. Jefferies Group set a $15.00 target price on shares of Ship Finance International and gave the stock a “hold” rating in a research note on Wednesday, July 27th. Seaport Global Securities began coverage on shares of Ship Finance International in a research note on Monday, August 22nd. They set a “neutral” rating and a $16.00 target price for the company. Finally, Clarkson Capital reiterated a “neutral” rating on shares of Ship Finance International in a research note on Friday, June 17th.
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A number of large investors have recently made changes to their positions in SFL. BlackRock Inc. boosted its stake in shares of Ship Finance International by 65.5% in the first quarter. BlackRock Inc. now owns 32,301 shares of the company’s stock worth $449,000 after buying an additional 12,783 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Ship Finance International by 26.5% in the first quarter. TIAA CREF Investment Management LLC now owns 238,344 shares of the company’s stock worth $3,311,000 after buying an additional 49,876 shares during the period. Icon Advisers Inc. Co. bought a new stake in shares of Ship Finance International during the first quarter worth $6,532,000. Prudential Financial Inc. boosted its stake in shares of Ship Finance International by 56.5% in the first quarter. Prudential Financial Inc. now owns 523,609 shares of the company’s stock worth $7,273,000 after buying an additional 189,100 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Ship Finance International by 13.7% in the second quarter. American Century Companies Inc. now owns 58,825 shares of the company’s stock worth $867,000 after buying an additional 7,092 shares during the period. 30.05% of the stock is owned by hedge funds and other institutional investors.
Shares of Ship Finance International (NYSE:SFL) traded up 0.27% during mid-day trading on Wednesday, reaching $14.74. The company’s stock had a trading volume of 369,729 shares. Ship Finance International has a one year low of $9.83 and a one year high of $17.80. The stock has a 50 day moving average of $15.16 and a 200-day moving average of $14.82. The stock has a market cap of $1.38 billion, a P/E ratio of 8.29 and a beta of 1.37.
Ship Finance International (NYSE:SFL) last posted its quarterly earnings results on Wednesday, August 24th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.09. Ship Finance International had a return on equity of 17.86% and a net margin of 41.55%. On average, equities research analysts expect that Ship Finance International will post $1.97 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Monday, September 12th will be given a $0.45 dividend. The ex-dividend date is Thursday, September 8th. This represents a $1.80 dividend on an annualized basis and a yield of 12.24%. Ship Finance International’s dividend payout ratio (DPR) is presently 90.45%.
About Ship Finance International
Ship Finance International Limited is a holding, and international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. Its assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.
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