News articles about Seaspan Corporation (NYSE:SSW) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Seaspan Corporation earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news stories about the shipping company an impact score of 47.9514603309347 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Seaspan Corporation (SSW) Expected to Post Earnings of $0.21 Per Share (americanbankingnews.com)
- Stop Chasing High Dividends: Seaspan Corporation (SSW) generates Yield of 8.53% – Voice Of Analysts (analystsbuzz.com)
- Better Buy: Seaspan Corporation vs. Textainer Group Holdings Limited – nwitimes.com (nwitimes.com)
- Seaspan Enters Oversold Territory (thestreet.com)
Several equities research analysts recently weighed in on the company. BidaskClub downgraded Seaspan Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. ValuEngine downgraded Seaspan Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised Seaspan Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Credit Suisse Group set a $5.00 price target on Seaspan Corporation and gave the stock a “sell” rating in a report on Tuesday, August 1st. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $6.79.
Seaspan Corporation (NYSE SSW) traded up $0.05 during trading hours on Friday, reaching $5.90. The company’s stock had a trading volume of 876,016 shares, compared to its average volume of 1,315,241. The stock has a market capitalization of $724.07, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.71 and a beta of 0.66. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.19 and a quick ratio of 1.19. Seaspan Corporation has a 1 year low of $5.02 and a 1 year high of $11.76.
Seaspan Corporation (NYSE:SSW) last released its quarterly earnings data on Tuesday, October 31st. The shipping company reported $0.18 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The firm had revenue of $211.01 million during the quarter, compared to analysts’ expectations of $212.46 million. Seaspan Corporation had a return on equity of 7.14% and a net margin of 14.23%. During the same quarter in the prior year, the business posted $0.29 earnings per share. sell-side analysts anticipate that Seaspan Corporation will post 0.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Friday, October 20th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.47%. The ex-dividend date was Thursday, October 19th. Seaspan Corporation’s dividend payout ratio is currently 108.70%.
In other news, CEO Gerry Yougui Wang sold 634,762 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $7.45, for a total value of $4,728,976.90. Following the completion of the transaction, the chief executive officer now owns 2,042,848 shares in the company, valued at $15,219,217.60. The sale was disclosed in a document filed with the SEC, which is available at this link.
About Seaspan Corporation
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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