Equities research analysts expect that SEASPAN Corp/SH SH (NYSE:SSW) will post earnings per share of $0.27 for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for SEASPAN Corp/SH SH’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.20. SEASPAN Corp/SH SH posted earnings of $0.16 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 68.8%. The business is expected to issue its next quarterly earnings report on Tuesday, February 26th.
According to Zacks, analysts expect that SEASPAN Corp/SH SH will report full-year earnings of $0.93 per share for the current financial year, with EPS estimates ranging from $0.80 to $1.04. For the next financial year, analysts expect that the company will report earnings of $1.02 per share, with EPS estimates ranging from $0.69 to $1.26. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow SEASPAN Corp/SH SH.
SEASPAN Corp/SH SH (NYSE:SSW) last issued its quarterly earnings results on Tuesday, October 30th. The shipping company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.11. The company had revenue of $294.98 million for the quarter, compared to analyst estimates of $292.96 million. SEASPAN Corp/SH SH had a return on equity of 8.27% and a net margin of 27.00%. The company’s quarterly revenue was up 39.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 earnings per share.
SSW has been the topic of a number of research reports. Deutsche Bank lowered SEASPAN Corp/SH SH from a “buy” rating to a “hold” rating and cut their price target for the company from $13.00 to $9.00 in a report on Wednesday, September 19th. Zacks Investment Research upgraded SEASPAN Corp/SH SH from a “strong sell” rating to a “hold” rating in a report on Friday, August 10th. ValuEngine lowered SEASPAN Corp/SH SH from a “hold” rating to a “sell” rating in a report on Friday, September 21st. Finally, Wells Fargo & Co lowered SEASPAN Corp/SH SH from a “market perform” rating to an “underperform” rating and set a $6.00 price target on the stock. in a report on Friday, September 28th. Four analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $9.31.
Shares of SEASPAN Corp/SH SH stock traded down $0.05 during trading on Tuesday, reaching $9.69. The stock had a trading volume of 686,499 shares, compared to its average volume of 1,300,120. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 0.68 and a beta of 0.24. SEASPAN Corp/SH SH has a 52 week low of $5.50 and a 52 week high of $10.72. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.41 and a quick ratio of 0.41.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 30th. Investors of record on Monday, October 22nd were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend was Friday, October 19th. SEASPAN Corp/SH SH’s dividend payout ratio is currently 75.76%.
Several large investors have recently added to or reduced their stakes in SSW. Wells Fargo & Company MN increased its position in shares of SEASPAN Corp/SH SH by 679.2% in the first quarter. Wells Fargo & Company MN now owns 368,466 shares of the shipping company’s stock valued at $2,461,000 after acquiring an additional 321,177 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of SEASPAN Corp/SH SH by 48.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 122,152 shares of the shipping company’s stock valued at $816,000 after acquiring an additional 40,021 shares during the last quarter. Northern Trust Corp increased its position in shares of SEASPAN Corp/SH SH by 24.8% in the first quarter. Northern Trust Corp now owns 73,724 shares of the shipping company’s stock valued at $492,000 after acquiring an additional 14,661 shares during the last quarter. BlackRock Inc. increased its position in shares of SEASPAN Corp/SH SH by 566.5% in the first quarter. BlackRock Inc. now owns 2,282,682 shares of the shipping company’s stock valued at $15,248,000 after acquiring an additional 1,940,170 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of SEASPAN Corp/SH SH by 9.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,782,578 shares of the shipping company’s stock valued at $11,908,000 after acquiring an additional 149,265 shares during the last quarter. 16.75% of the stock is currently owned by institutional investors and hedge funds.
SEASPAN Corp/SH SH Company Profile
Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company charters its containerships under long-term, fixed-rate time charters to various container liner companies. As of February 15, 2018, it operated a fleet of 91 containerships. The company was founded in 2005 and is based in Hong Kong, Hong Kong.
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