Wall Street brokerages forecast that Seaspan Corporation (NYSE:SSW) will announce sales of $217.40 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Seaspan Corporation’s earnings, with estimates ranging from $213.66 million to $223.68 million. Seaspan Corporation posted sales of $213.19 million in the same quarter last year, which suggests a positive year over year growth rate of 2%. The business is expected to report its next earnings results on Tuesday, February 27th.

On average, analysts expect that Seaspan Corporation will report full-year sales of $217.40 million for the current financial year, with estimates ranging from $828.46 million to $843.80 million. For the next financial year, analysts expect that the firm will post sales of $912.93 million per share, with estimates ranging from $896.60 million to $953.67 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Seaspan Corporation.

Seaspan Corporation (NYSE:SSW) last posted its quarterly earnings data on Tuesday, October 31st. The shipping company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $211.01 million during the quarter, compared to analyst estimates of $212.46 million. Seaspan Corporation had a net margin of 14.23% and a return on equity of 7.23%. During the same quarter in the previous year, the business posted $0.29 EPS.

Several analysts have issued reports on SSW shares. Stifel Nicolaus restated a “hold” rating and set a $7.00 price target on shares of Seaspan Corporation in a research report on Friday, July 14th. Credit Suisse Group set a $5.00 target price on shares of Seaspan Corporation and gave the stock a “sell” rating in a report on Tuesday, August 1st. BidaskClub lowered shares of Seaspan Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. ValuEngine lowered shares of Seaspan Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of Seaspan Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.79.

Seaspan Corporation (SSW) opened at $6.35 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $748.87, a P/E ratio of 8.94, a P/E/G ratio of 1.94 and a beta of 0.67.

The company also recently announced a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Friday, October 20th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.87%. Seaspan Corporation’s dividend payout ratio is currently 111.11%.

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In related news, CEO Gerry Yougui Wang sold 634,762 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $7.45, for a total value of $4,728,976.90. Following the completion of the transaction, the chief executive officer now directly owns 2,042,848 shares of the company’s stock, valued at $15,219,217.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Hedge funds have recently added to or reduced their stakes in the stock. Cue Financial Group Inc. raised its stake in Seaspan Corporation by 13.0% in the second quarter. Cue Financial Group Inc. now owns 17,400 shares of the shipping company’s stock worth $124,000 after buying an additional 2,000 shares in the last quarter. Bank of America Corp DE raised its stake in Seaspan Corporation by 9.3% in the first quarter. Bank of America Corp DE now owns 20,822 shares of the shipping company’s stock worth $144,000 after buying an additional 1,775 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its stake in Seaspan Corporation by 25.5% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 21,150 shares of the shipping company’s stock worth $151,000 after buying an additional 4,300 shares in the last quarter. Schwab Charles Investment Management Inc. bought a new position in Seaspan Corporation in the second quarter worth about $157,000. Finally, First Allied Advisory Services Inc. raised its stake in Seaspan Corporation by 42.4% in the second quarter. First Allied Advisory Services Inc. now owns 24,727 shares of the shipping company’s stock worth $174,000 after buying an additional 7,366 shares in the last quarter. 15.33% of the stock is owned by institutional investors.

Seaspan Corporation Company Profile

Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.

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Earnings History and Estimates for Seaspan Corporation (NYSE:SSW)

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