Seaspan Co. Forecasted to Post FY2017 Earnings of $0.74 Per Share (NYSE:SSW)

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.

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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.

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