International Seaways (NYSE:INSW) will post its quarterly earnings results before the market opens on Wednesday, November 7th. Analysts expect International Seaways to post earnings of ($0.80) per share for the quarter.
International Seaways (NYSE:INSW) last issued its earnings results on Wednesday, August 8th. The transportation company reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.09). The firm had revenue of $56.91 million during the quarter, compared to the consensus estimate of $46.74 million. International Seaways had a negative return on equity of 6.07% and a negative net margin of 67.42%. On average, analysts expect International Seaways to post $-2 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NYSE INSW opened at $21.74 on Tuesday. International Seaways has a 52-week low of $15.23 and a 52-week high of $24.78. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.94 and a current ratio of 1.99.
Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of International Seaways from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Jefferies Financial Group began coverage on shares of International Seaways in a research report on Monday, October 1st. They set a “buy” rating and a $30.00 price objective on the stock. Finally, Stifel Nicolaus began coverage on shares of International Seaways in a research report on Tuesday, September 25th. They set a “buy” rating and a $25.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $28.00.
In related news, major shareholder Bluemountain Capital Managemen sold 84,915 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $21.07, for a total transaction of $1,789,159.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Randee E. Day sold 4,000 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $20.95, for a total transaction of $83,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,460,933 shares of company stock worth $51,043,973. 0.90% of the stock is owned by insiders.
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International Seaways Company Profile
International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trades. It operates through two segments, Crude Tankers and Product Carriers. As of June 14, 2018, the company owned and operated a fleet of 55 vessels, including 1 ultra large crude carrier, 14 very large crude carriers, 2 Suezmaxes, 7 Aframaxes, 12 Panamaxes, and 13 medium range tankers.
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