Jefferies Group Comments on Ship Finance International Limited’s FY2017 Earnings (NYSE:SFL)

Ship Finance International Limited (NYSE:SFL) – Research analysts at Jefferies Group issued their FY2017 earnings per share (EPS) estimates for Ship Finance International in a report issued on Monday, Zacks Investment Research reports. Jefferies Group analyst R. Giveans forecasts that the shipping company will post earnings of $1.28 per share for the year. Jefferies Group has a “Hold” rating and a $15.00 price objective on the stock. Jefferies Group also issued estimates for Ship Finance International’s Q4 2017 earnings at $0.33 EPS and FY2018 earnings at $1.19 EPS.

A number of other research analysts also recently issued reports on the company. Zacks Investment Research downgraded Ship Finance International from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Clarkson Capital raised Ship Finance International from a “neutral” rating to a “buy” rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Ship Finance International has an average rating of “Hold” and an average price target of $16.00.

Ship Finance International (SFL) traded up $0.05 during trading hours on Wednesday, reaching $15.70. The company had a trading volume of 716,748 shares, compared to its average volume of 539,459. The stock has a market cap of $1,588.55, a P/E ratio of 13.19 and a beta of 1.42. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.13. Ship Finance International has a 12-month low of $12.30 and a 12-month high of $16.10.

Ship Finance International (NYSE:SFL) last released its quarterly earnings results on Wednesday, November 22nd. The shipping company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 11.02% and a net margin of 28.66%.

Several large investors have recently added to or reduced their stakes in SFL. Northern Trust Corp lifted its stake in shares of Ship Finance International by 28.7% in the second quarter. Northern Trust Corp now owns 2,917,756 shares of the shipping company’s stock worth $39,681,000 after acquiring an additional 650,211 shares in the last quarter. Gotham Asset Management LLC grew its holdings in shares of Ship Finance International by 86.2% during the second quarter. Gotham Asset Management LLC now owns 573,465 shares of the shipping company’s stock valued at $7,799,000 after purchasing an additional 265,450 shares during the last quarter. LSV Asset Management grew its holdings in shares of Ship Finance International by 48.0% during the second quarter. LSV Asset Management now owns 257,200 shares of the shipping company’s stock valued at $3,497,000 after purchasing an additional 83,400 shares during the last quarter. Sterling Capital Management LLC bought a new position in shares of Ship Finance International during the third quarter valued at approximately $992,000. Finally, State Street Corp grew its holdings in Ship Finance International by 5.2% in the 2nd quarter. State Street Corp now owns 1,246,160 shares of the shipping company’s stock worth $16,949,000 after buying an additional 61,801 shares in the last quarter. Institutional investors and hedge funds own 30.01% of the company’s stock.

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