Seaspan Co. (NYSE:SSW) – Investment analysts at Jefferies Group issued their FY2017 earnings per share estimates for Seaspan in a research report issued to clients and investors on Monday, Zacks Investment Research reports. Jefferies Group analyst R. Giveans forecasts that the shipping company will post earnings of $0.74 per share for the year. Jefferies Group currently has a “Buy” rating and a $20.00 price objective on the stock. Jefferies Group also issued estimates for Seaspan’s Q4 2017 earnings at $0.23 EPS and FY2018 earnings at $1.00 EPS.
SSW has been the subject of several other research reports. ValuEngine downgraded shares of Seaspan from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded shares of Seaspan from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Five analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $8.21.
Seaspan (NYSE:SSW) traded up $0.15 on Wednesday, hitting $7.29. 1,520,375 shares of the company traded hands, compared to its average volume of 1,338,159. Seaspan has a 52-week low of $5.02 and a 52-week high of $11.76. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $902.92, a P/E ratio of 15.85, a PEG ratio of 1.40 and a beta of 0.60.
Seaspan (NYSE:SSW) last posted its quarterly earnings results on Tuesday, October 31st. The shipping company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Seaspan had a net margin of 14.23% and a return on equity of 7.14%. The company had revenue of $211.01 million for the quarter, compared to analyst estimates of $212.46 million. During the same period in the prior year, the company earned $0.29 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Monday, January 22nd will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $0.50 annualized dividend and a dividend yield of 6.86%. Seaspan’s dividend payout ratio (DPR) is 108.70%.
Institutional investors have recently bought and sold shares of the company. Sei Investments Co. grew its stake in shares of Seaspan by 11,648.9% in the 3rd quarter. Sei Investments Co. now owns 15,626 shares of the shipping company’s stock valued at $111,000 after buying an additional 15,493 shares during the period. NEXT Financial Group Inc purchased a new stake in shares of Seaspan in the 3rd quarter valued at approximately $143,000. Bank of America Corp DE grew its stake in shares of Seaspan by 9.3% in the 1st quarter. Bank of America Corp DE now owns 20,822 shares of the shipping company’s stock valued at $144,000 after buying an additional 1,775 shares during the period. Schwab Charles Investment Management Inc. purchased a new stake in shares of Seaspan in the 2nd quarter valued at approximately $157,000. Finally, First Allied Advisory Services Inc. grew its stake in shares of Seaspan by 42.4% in the 2nd quarter. First Allied Advisory Services Inc. now owns 24,727 shares of the shipping company’s stock valued at $174,000 after buying an additional 7,366 shares during the period. 14.32% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: “Seaspan Co. Forecasted to Post FY2017 Earnings of $0.74 Per Share (NYSE:SSW)” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.dispatchtribunal.com/2018/01/11/seaspan-co-to-post-fy2017-earnings-of-0-74-per-share-jefferies-group-forecasts-ssw.html.
Seaspan Company Profile
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.
Get a free copy of the Zacks research report on Seaspan (SSW)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Seaspan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seaspan and related companies with MarketBeat.com's FREE daily email newsletter.