Wall Street brokerages forecast that Ship Finance International Limited (NYSE:SFL) will report sales of $96.88 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ship Finance International’s earnings. The lowest sales estimate is $93.10 million and the highest is $100.66 million. Ship Finance International reported sales of $97.85 million during the same quarter last year, which indicates a negative year over year growth rate of 1%. The business is scheduled to report its next earnings report on Tuesday, February 27th.
On average, analysts expect that Ship Finance International will report full year sales of $96.88 million for the current year, with estimates ranging from $377.90 million to $385.44 million. For the next year, analysts forecast that the company will report sales of $400.45 million per share, with estimates ranging from $399.30 million to $401.60 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Ship Finance International.
Ship Finance International (NYSE:SFL) last announced its earnings results on Wednesday, November 22nd. The shipping company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $93.67 million for the quarter, compared to analyst estimates of $97.50 million.
Several analysts have recently issued reports on the stock. Goldman Sachs Group lowered shares of Ship Finance International from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 17th. Jefferies Group assumed coverage on shares of Ship Finance International in a research report on Monday, December 18th. They issued a “hold” rating and a $15.00 target price on the stock. Zacks Investment Research lowered shares of Ship Finance International from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Finally, Clarkson Capital upgraded shares of Ship Finance International from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $16.00.
Shares of Ship Finance International (SFL) traded down $0.35 during midday trading on Tuesday, hitting $14.90. 597,126 shares of the stock traded hands, compared to its average volume of 583,061. Ship Finance International has a 1-year low of $12.30 and a 1-year high of $15.98. The firm has a market capitalization of $1,510.00, a price-to-earnings ratio of 15.05 and a beta of 1.37. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.13.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. acquired a new position in Ship Finance International during the second quarter worth about $145,000. Stifel Financial Corp boosted its holdings in Ship Finance International by 2.1% in the 2nd quarter. Stifel Financial Corp now owns 11,019 shares of the shipping company’s stock valued at $150,000 after purchasing an additional 226 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Ship Finance International in the 3rd quarter valued at about $154,000. BB&T Securities LLC acquired a new position in Ship Finance International in the 3rd quarter valued at about $172,000. Finally, QS Investors LLC acquired a new position in Ship Finance International in the 2nd quarter valued at about $174,000. Hedge funds and other institutional investors own 30.85% of the company’s stock.
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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.
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