Analysts expect that Seaspan Co. (NYSE:SSW) will post $218.55 million in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Seaspan’s earnings, with the highest sales estimate coming in at $225.20 million and the lowest estimate coming in at $214.22 million. Seaspan reported sales of $213.19 million during the same quarter last year, which would suggest a positive year over year growth rate of 2.5%. The business is scheduled to issue its next earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Seaspan will report full year sales of $218.55 million for the current year, with estimates ranging from $831.16 million to $842.10 million. For the next year, analysts anticipate that the business will report sales of $898.89 million per share, with estimates ranging from $859.50 million to $917.71 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Seaspan.

Seaspan (NYSE:SSW) last announced its earnings results on Tuesday, October 31st. The shipping company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. Seaspan had a net margin of 14.23% and a return on equity of 7.14%. The business had revenue of $211.01 million during the quarter, compared to analysts’ expectations of $212.46 million. During the same period in the prior year, the company earned $0.29 earnings per share.

Separately, ValuEngine cut shares of Seaspan from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Four analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $6.25.

Shares of Seaspan (NYSE:SSW) opened at $5.85 on Friday. Seaspan has a 1-year low of $5.02 and a 1-year high of $11.76. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.57. The company has a market cap of $716.64, a PE ratio of 8.15, a PEG ratio of 1.72 and a beta of 0.61.

Several large investors have recently made changes to their positions in SSW. Dimensional Fund Advisors LP raised its holdings in shares of Seaspan by 523.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,072,771 shares of the shipping company’s stock valued at $7,430,000 after buying an additional 900,606 shares during the last quarter. Parametrica Management Ltd raised its holdings in shares of Seaspan by 1,290.6% in the third quarter. Parametrica Management Ltd now owns 618,166 shares of the shipping company’s stock valued at $4,383,000 after buying an additional 573,712 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Seaspan by 636.0% in the second quarter. Goldman Sachs Group Inc. now owns 628,624 shares of the shipping company’s stock valued at $4,488,000 after buying an additional 543,211 shares during the last quarter. Punch & Associates Investment Management Inc. purchased a new position in Seaspan during the second quarter worth about $3,404,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Seaspan during the second quarter worth about $2,285,000. 14.40% of the stock is owned by institutional investors and hedge funds.

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Seaspan 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 (NYSE:SSW)

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