Equities analysts expect Ship Finance International Limited (NYSE:SFL) to report earnings of $0.26 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Ship Finance International’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.33. Ship Finance International posted earnings per share of $0.37 during the same quarter last year, which would suggest a negative year over year growth rate of 29.7%. The company is expected to issue its next earnings results on Tuesday, February 27th.
On average, analysts expect that Ship Finance International will report full-year earnings of $1.24 per share for the current year, with EPS estimates ranging from $1.19 to $1.28. For the next year, analysts expect that the business will post earnings of $1.06 per share, with EPS estimates ranging from $0.89 to $1.19. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Ship Finance International.
Ship Finance International (NYSE:SFL) last announced its quarterly earnings results on Wednesday, November 22nd. The shipping company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. Ship Finance International had a net margin of 28.66% and a return on equity of 11.02%. The firm had revenue of $93.67 million for the quarter, compared to the consensus estimate of $97.50 million.
A number of analysts recently issued reports on SFL shares. Zacks Investment Research downgraded shares of Ship Finance International from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Clarkson Capital raised shares of Ship Finance International from a “neutral” rating to a “buy” rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $16.00.
Shares of Ship Finance International (NYSE SFL) opened at $15.00 on Friday. Ship Finance International has a twelve month low of $12.30 and a twelve month high of $16.10. The stock has a market cap of $1,400.00, a price-to-earnings ratio of 11.47 and a beta of 1.41. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.13.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 9.33%. The ex-dividend date of this dividend is Friday, December 8th. Ship Finance International’s dividend payout ratio is presently 127.27%.
Large investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. acquired a new position in Ship Finance International during the second quarter worth $145,000. Stifel Financial Corp raised its position in Ship Finance International by 2.1% during the second quarter. Stifel Financial Corp now owns 11,019 shares of the shipping company’s stock worth $150,000 after acquiring an additional 226 shares during the period. Principal Financial Group Inc. acquired a new position in Ship Finance International during the third quarter worth $154,000. BB&T Securities LLC acquired a new position in Ship Finance International during the third quarter worth $172,000. Finally, Geneva Advisors LLC raised its position in Ship Finance International by 3.2% during the second quarter. Geneva Advisors LLC now owns 12,735 shares of the shipping company’s stock worth $173,000 after acquiring an additional 400 shares during the period. Institutional investors own 33.43% of the company’s stock.
Ship Finance International Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ship Finance International Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ship Finance International Limited and related companies with MarketBeat.com's FREE daily email newsletter.