Ship Finance International Limited (SFL) Expected to Announce Earnings of $0.25 Per Share

Wall Street brokerages expect Ship Finance International Limited (NYSE:SFL) to post $0.25 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ship Finance International’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.29. Ship Finance International posted earnings per share of $0.37 in the same quarter last year, which would indicate a negative year-over-year growth rate of 32.4%. The company is scheduled to announce its next earnings results on Tuesday, February 27th.

On average, analysts expect that Ship Finance International will report full-year earnings of $1.22 per share for the current financial year, with EPS estimates ranging from $1.19 to $1.24. For the next fiscal year, analysts anticipate that the company will post earnings of $1.00 per share, with EPS estimates ranging from $0.89 to $1.09. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Ship Finance International.

Ship Finance International (NYSE:SFL) last posted its quarterly earnings results on Wednesday, November 22nd. The shipping company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. Ship Finance International had a return on equity of 11.02% and a net margin of 28.66%. The firm had revenue of $93.67 million during the quarter, compared to the consensus estimate of $97.50 million.

SFL has been the subject of several research analyst reports. Zacks Investment Research upgraded Ship Finance International from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Friday, November 3rd. Clarkson Capital upgraded Ship Finance International from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 17th. Jefferies Group initiated coverage on Ship Finance International in a research note on Monday, December 18th. They set a “hold” rating and a $15.00 target price for the company. Finally, Goldman Sachs Group downgraded Ship Finance International from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $16.00.

Ship Finance International (NYSE SFL) opened at $15.65 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.82 and a current ratio of 0.82. Ship Finance International has a one year low of $12.30 and a one year high of $16.05. The company has a market capitalization of $1,590.00, a P/E ratio of 15.81 and a beta of 1.41.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 11th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, December 8th. This represents a $1.40 annualized dividend and a dividend yield of 8.95%. Ship Finance International’s dividend payout ratio is currently 141.41%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Ship Finance International by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,661 shares of the shipping company’s stock worth $621,000 after acquiring an additional 196 shares during the period. Stifel Financial Corp lifted its holdings in Ship Finance International by 2.1% during the 2nd quarter. Stifel Financial Corp now owns 11,019 shares of the shipping company’s stock worth $150,000 after purchasing an additional 226 shares during the last quarter. Advisory Services Network LLC lifted its holdings in Ship Finance International by 0.4% during the 2nd quarter. Advisory Services Network LLC now owns 80,160 shares of the shipping company’s stock worth $1,090,000 after purchasing an additional 288 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Ship Finance International by 0.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 164,002 shares of the shipping company’s stock worth $2,230,000 after purchasing an additional 980 shares during the last quarter. Finally, MML Investors Services LLC lifted its holdings in Ship Finance International by 17.0% during the 2nd quarter. MML Investors Services LLC now owns 13,774 shares of the shipping company’s stock worth $187,000 after purchasing an additional 2,003 shares during the last quarter. Institutional investors own 30.12% of the company’s stock.

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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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