Wall Street brokerages expect Ship Finance International Limited (NYSE:SFL) to announce $0.27 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Ship Finance International Limited’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.31. Ship Finance International Limited posted earnings of $0.35 per share during the same quarter last year, which indicates a negative year over year growth rate of 22.9%. The business is scheduled to announce its next quarterly earnings results on Tuesday, December 5th.

On average, analysts expect that Ship Finance International Limited will report full-year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.13 to $1.28. For the next year, analysts anticipate that the firm will post earnings of $1.14 per share, with EPS estimates ranging from $1.00 to $1.24. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Ship Finance International Limited.

Ship Finance International Limited (NYSE:SFL) last announced its quarterly earnings data on Wednesday, August 30th. The shipping company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. Ship Finance International Limited had a net margin of 29.59% and a return on equity of 11.26%. The firm had revenue of $94.22 million for the quarter, compared to analysts’ expectations of $95.70 million.

SFL has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Ship Finance International Limited from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. 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 company has a consensus rating of “Hold” and an average price target of $15.00.

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Shares of Ship Finance International Limited (NYSE SFL) remained flat at $14.85 during trading on Monday. The company’s stock had a trading volume of 530,789 shares. 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 price of $14.45 and a 200 day moving average price of $13.77. The firm has a market cap of $1.39 billion, a PE ratio of 12.26 and a beta of 1.39.

Large investors have recently bought and sold shares of the company. PARK CIRCLE Co bought a new stake in shares of Ship Finance International Limited in the 2nd quarter valued at $408,000. Alliancebernstein L.P. boosted its stake in Ship Finance International Limited by 14.6% during the second quarter. Alliancebernstein L.P. now owns 109,103 shares of the shipping company’s stock worth $1,484,000 after acquiring an additional 13,900 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Ship Finance International Limited by 9.1% during the second quarter. Wells Fargo & Company MN now owns 166,939 shares of the shipping company’s stock worth $2,270,000 after acquiring an additional 13,952 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Ship Finance International Limited by 14.0% during the second quarter. PNC Financial Services Group Inc. now owns 95,542 shares of the shipping company’s stock worth $1,300,000 after acquiring an additional 11,714 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Ship Finance International Limited by 40.3% during the first quarter. Ameriprise Financial Inc. now owns 14,457 shares of the shipping company’s stock worth $212,000 after acquiring an additional 4,150 shares in the last quarter. 26.40% of the stock is currently owned by institutional investors.

Ship Finance International Limited Company Profile

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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Earnings History and Estimates for Ship Finance International Limited (NYSE:SFL)

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