$98.92 Million in Sales Expected for Ship Finance International Limited (SFL) This Quarter

Equities analysts forecast that Ship Finance International Limited (NYSE:SFL) will post $98.92 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Ship Finance International’s earnings, with the highest sales estimate coming in at $104.73 million and the lowest estimate coming in at $93.10 million. Ship Finance International reported sales of $97.85 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.1%. The business is expected to issue its next quarterly earnings results on Tuesday, February 27th.

On average, analysts expect that Ship Finance International will report full year sales of $98.92 million for the current fiscal year, with estimates ranging from $377.90 million to $389.51 million. For the next year, analysts anticipate that the business will report sales of $406.85 million per share, with estimates ranging from $399.30 million to $414.39 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Ship Finance International.

Ship Finance International (NYSE:SFL) last announced its quarterly earnings data on Wednesday, November 22nd. The shipping company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The firm had revenue of $93.67 million for the quarter, compared to the consensus estimate of $97.50 million. Ship Finance International had a net margin of 28.66% and a return on equity of 11.02%.

A number of brokerages have issued reports on SFL. Jefferies Group began coverage on shares of Ship Finance International in a report on Monday, December 18th. They issued a “hold” rating and a $15.00 price target on the stock. Zacks Investment Research downgraded shares of Ship Finance International from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Finally, Clarkson Capital upgraded shares of Ship Finance International from a “neutral” rating to a “buy” rating in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $16.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its holdings in Ship Finance International by 23.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 43,200 shares of the shipping company’s stock valued at $670,000 after acquiring an additional 8,200 shares during the last quarter. Sterling Capital Management LLC purchased a new position in shares of Ship Finance International in the 3rd quarter worth $992,000. Afam Capital Inc. grew its stake in shares of Ship Finance International by 11.1% in the 3rd quarter. Afam Capital Inc. now owns 218,729 shares of the shipping company’s stock worth $3,172,000 after buying an additional 21,879 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Ship Finance International by 3.8% in the 3rd quarter. California Public Employees Retirement System now owns 197,883 shares of the shipping company’s stock worth $2,869,000 after buying an additional 7,183 shares in the last quarter. Finally, Magnetar Financial LLC grew its stake in shares of Ship Finance International by 109.3% in the 3rd quarter. Magnetar Financial LLC now owns 72,069 shares of the shipping company’s stock worth $1,045,000 after buying an additional 37,643 shares in the last quarter. Institutional investors own 30.01% of the company’s stock.

Shares of Ship Finance International (NYSE SFL) traded up $0.05 during midday trading on Friday, reaching $15.70. 716,748 shares of the company’s stock were exchanged, compared to its average volume of 539,459. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $1,588.55, a P/E ratio of 13.19 and a beta of 1.42. Ship Finance International has a one year low of $12.30 and a one year high of $16.10.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 11th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, December 8th. This represents a $1.40 dividend on an annualized basis and a yield of 8.92%. Ship Finance International’s dividend payout ratio is currently 117.65%.

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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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