Analysts expect SEASPAN Corp/SH SH (NYSE:SSW) to report earnings of $0.25 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for SEASPAN Corp/SH SH’s earnings, with estimates ranging from $0.20 to $0.28. SEASPAN Corp/SH SH posted earnings per share of $0.18 during the same quarter last year, which indicates a positive year over year growth rate of 38.9%. The company is expected to announce its next earnings report on Tuesday, October 30th.
On average, analysts expect that SEASPAN Corp/SH SH will report full year earnings of $0.87 per share for the current year, with EPS estimates ranging from $0.80 to $0.98. For the next financial year, analysts expect that the firm will report earnings of $0.98 per share, with EPS estimates ranging from $0.69 to $1.17. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover SEASPAN Corp/SH SH.
SEASPAN Corp/SH SH (NYSE:SSW) last released its earnings results on Wednesday, August 1st. The shipping company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $281.66 million for the quarter, compared to the consensus estimate of $279.69 million. SEASPAN Corp/SH SH had a net margin of 26.04% and a return on equity of 6.35%.
Several research analysts have recently weighed in on the stock. Wells Fargo & Co downgraded shares of SEASPAN Corp/SH SH from a “market perform” rating to an “underperform” rating and set a $6.00 target price on the stock. in a research report on Friday, September 28th. ValuEngine downgraded shares of SEASPAN Corp/SH SH from a “hold” rating to a “sell” rating in a research report on Friday, September 21st. Deutsche Bank downgraded shares of SEASPAN Corp/SH SH from a “buy” rating to a “hold” rating and dropped their target price for the stock from $13.00 to $9.00 in a research report on Wednesday, September 19th. Finally, Zacks Investment Research raised shares of SEASPAN Corp/SH SH from a “strong sell” rating to a “hold” rating in a research report on Friday, August 10th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $9.31.
SEASPAN Corp/SH SH stock opened at $8.13 on Friday. The company has a market capitalization of $1.03 billion, a PE ratio of 12.32, a PEG ratio of 0.47 and a beta of 0.37. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.82. SEASPAN Corp/SH SH has a fifty-two week low of $5.50 and a fifty-two week high of $10.72.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 30th. Shareholders of record on Monday, October 22nd will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date is Friday, October 19th. SEASPAN Corp/SH SH’s dividend payout ratio (DPR) is presently 75.76%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. lifted its stake in SEASPAN Corp/SH SH by 92.7% in the second quarter. Oppenheimer & Co. Inc. now owns 21,200 shares of the shipping company’s stock valued at $216,000 after acquiring an additional 10,200 shares during the last quarter. Winslow Capital Management LLC acquired a new stake in SEASPAN Corp/SH SH in the second quarter valued at approximately $360,000. Schwab Charles Investment Management Inc. lifted its stake in SEASPAN Corp/SH SH by 48.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 122,152 shares of the shipping company’s stock valued at $816,000 after acquiring an additional 40,021 shares during the last quarter. Security National Bank of Sioux City Iowa IA acquired a new stake in SEASPAN Corp/SH SH in the second quarter valued at approximately $122,000. Finally, Northern Trust Corp lifted its stake in SEASPAN Corp/SH SH by 24.8% in the first quarter. Northern Trust Corp now owns 73,724 shares of the shipping company’s stock valued at $492,000 after acquiring an additional 14,661 shares during the last quarter. Hedge funds and other institutional investors own 16.74% of the company’s stock.
About SEASPAN Corp/SH SH
Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company charters its containerships under long-term, fixed-rate time charters to various container liner companies. As of February 15, 2018, it operated a fleet of 91 containerships. The company was founded in 2005 and is based in Hong Kong, Hong Kong.
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