Ship Finance International (NYSE:SFL) will be announcing its earnings results before the market opens on Tuesday, May 21st. Analysts expect the company to announce earnings of $0.26 per share for the quarter.
Ship Finance International (NYSE:SFL) last issued its quarterly earnings data on Tuesday, February 26th. The shipping company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.19). Ship Finance International had a net margin of 17.58% and a return on equity of 8.92%. The business had revenue of $118.57 million for the quarter, compared to analysts’ expectations of $123.35 million. On average, analysts expect Ship Finance International to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of SFL opened at $12.84 on Wednesday. Ship Finance International has a 12 month low of $10.31 and a 12 month high of $15.65. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 1.93. The firm has a market cap of $1.50 billion, a PE ratio of 12.47 and a beta of 1.40.
Several analysts have recently commented on SFL shares. Pareto Securities upgraded Ship Finance International from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. B. Riley set a $14.00 price objective on Ship Finance International and gave the company a “hold” rating in a report on Thursday, March 7th. Zacks Investment Research lowered Ship Finance International from a “strong-buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, ValuEngine upgraded Ship Finance International from a “sell” rating to a “hold” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Ship Finance International currently has an average rating of “Buy” and a consensus price target of $14.25.
About Ship Finance International
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 support vessels.
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