Q3 2017 Earnings Estimate for Ship Finance International Limited Issued By Jefferies Group (SFL)
Ship Finance International Limited (NYSE:SFL) – Research analysts at Jefferies Group cut their Q3 2017 earnings per share estimates for shares of Ship Finance International Limited in a research note issued on Thursday. Jefferies Group analyst D. Mavrinac now expects that the shipping company will post earnings per share of $0.31 for the quarter, down from their prior estimate of $0.32. Jefferies Group also issued estimates for Ship Finance International Limited’s FY2017 earnings at $1.28 EPS.
Ship Finance International Limited (NYSE:SFL) last issued its earnings results on Wednesday, August 30th. The shipping company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.02. The business had revenue of $94.22 million during the quarter, compared to analysts’ expectations of $95.70 million. Ship Finance International Limited had a net margin of 29.59% and a return on equity of 11.26%. COPYRIGHT VIOLATION WARNING: “Q3 2017 Earnings Estimate for Ship Finance International Limited Issued By Jefferies Group (SFL)” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/10/23/q3-2017-earnings-estimate-for-ship-finance-international-limited-issued-by-jefferies-group-sfl.html.
A number of other research firms have also issued reports on SFL. BidaskClub upgraded shares of Ship Finance International Limited from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research downgraded shares of Ship Finance International Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, Clarkson Capital raised shares of Ship Finance International Limited from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 17th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $15.00.
Shares of Ship Finance International Limited (NYSE SFL) opened at 14.85 on Monday. Ship Finance International Limited has a 12 month low of $12.07 and a 12 month high of $16.10. The stock has a 50 day moving average of $14.28 and a 200-day moving average of $13.75. The firm has a market capitalization of $1.39 billion, a PE ratio of 12.26 and a beta of 1.39.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 9.43%. The ex-dividend date of this dividend was Thursday, September 14th. Ship Finance International Limited’s dividend payout ratio (DPR) is presently 113.82%.
A number of institutional investors and hedge funds have recently made changes to their positions in SFL. Raymond James Financial Services Advisors Inc. bought a new position in Ship Finance International Limited during the second quarter worth $145,000. Stifel Financial Corp increased its position in Ship Finance International Limited by 2.1% in the second quarter. Stifel Financial Corp now owns 11,019 shares of the shipping company’s stock worth $150,000 after buying an additional 226 shares during the period. Geneva Advisors LLC increased its position in Ship Finance International Limited by 3.2% in the second quarter. Geneva Advisors LLC now owns 12,735 shares of the shipping company’s stock worth $173,000 after buying an additional 400 shares during the period. QS Investors LLC acquired a new stake in Ship Finance International Limited in the second quarter worth $174,000. Finally, Principal Financial Group Inc. acquired a new stake in Ship Finance International Limited in the first quarter worth $186,000. Hedge funds and other institutional investors own 26.41% of the company’s stock.
About Ship Finance International Limited
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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