Brokerages predict that Ship Finance International Limited (NYSE:SFL) will post earnings of $0.31 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ship Finance International’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.33. Ship Finance International also posted earnings of $0.31 per share in the same quarter last year. The business is expected to issue its next quarterly earnings report on Wednesday, November 28th.
According to Zacks, analysts expect that Ship Finance International will report full-year earnings of $1.11 per share for the current year. For the next fiscal year, analysts anticipate that the company will post earnings of $1.34 per share, with EPS estimates ranging from $1.22 to $1.46. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Ship Finance International.
Ship Finance International (NYSE:SFL) last posted its earnings results on Wednesday, August 22nd. The shipping company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.10. The firm had revenue of $96.80 million for the quarter, compared to analysts’ expectations of $101.65 million. Ship Finance International had a return on equity of 9.40% and a net margin of 23.55%. During the same period in the previous year, the firm earned $0.35 earnings per share.
A number of brokerages have commented on SFL. Zacks Investment Research upgraded Ship Finance International from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th. Nordea Equity Research upgraded Ship Finance International from a “hold” rating to a “buy” rating in a research report on Thursday, September 6th. TheStreet cut Ship Finance International from a “b” rating to a “c+” rating in a research report on Thursday, August 23rd. Finally, ValuEngine cut Ship Finance International from a “hold” rating to a “sell” rating in a research report on Thursday, September 13th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Ship Finance International currently has a consensus rating of “Hold” and a consensus price target of $16.13.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SFL. Amalgamated Bank acquired a new position in Ship Finance International in the 2nd quarter worth about $169,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ship Finance International during the 1st quarter worth approximately $210,000. Trilogy Capital Inc. acquired a new position in shares of Ship Finance International during the 2nd quarter worth approximately $219,000. Macquarie Group Ltd. raised its position in shares of Ship Finance International by 1,180.3% during the 2nd quarter. Macquarie Group Ltd. now owns 26,400 shares of the shipping company’s stock worth $395,000 after purchasing an additional 24,338 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of Ship Finance International by 46.0% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 27,223 shares of the shipping company’s stock worth $407,000 after purchasing an additional 8,573 shares during the last quarter. Institutional investors and hedge funds own 31.12% of the company’s stock.
Shares of NYSE:SFL traded up $0.04 during midday trading on Friday, reaching $13.18. 57,527 shares of the company’s stock traded hands, compared to its average volume of 785,123. The company has a market cap of $1.70 billion, a P/E ratio of 11.05 and a beta of 1.21. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.49. Ship Finance International has a one year low of $13.07 and a one year high of $15.98.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 27th. Shareholders of record on Friday, September 14th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 10.62%. The ex-dividend date was Thursday, September 13th. Ship Finance International’s dividend payout ratio is presently 117.65%.
Ship Finance International Company Profile
Ship Finance International Limited owns and operates vessels and offshore related assets primarily in Bermuda, Cyprus, Malta, Liberia, Norway, the United Kingdom, and the Marshall Islands. It is also involved in the charter, purchase, and sale of assets. In addition, the company operates in various sectors of the shipping and offshore industry, including oil transportation, dry bulk shipments, chemical transportation, oil product transportation, container transportation, car transportation, drilling rigs, and offshore supply vessels.
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