Wall Street analysts expect that Ship Finance International Limited (NYSE:SFL) will announce earnings of $0.20 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Ship Finance International’s earnings. The highest EPS estimate is $0.22 and the lowest is $0.18. Ship Finance International posted earnings of $0.14 per share in the same quarter last year, which suggests a positive year over year growth rate of 42.9%. The business is scheduled to announce its next earnings report on Tuesday, February 25th.
According to Zacks, analysts expect that Ship Finance International will report full-year earnings of $0.83 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.98 per share, with EPS estimates ranging from $0.83 to $1.13. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Ship Finance International.
Ship Finance International (NYSE:SFL) last posted its quarterly earnings data on Thursday, November 21st. The shipping company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.24. The firm had revenue of $111.50 million for the quarter, compared to analyst estimates of $112.31 million. Ship Finance International had a return on equity of 8.69% and a net margin of 15.08%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $0.28 EPS.
A number of research analysts recently commented on the company. Zacks Investment Research cut Ship Finance International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. TheStreet raised shares of Ship Finance International from a “c+” rating to a “b-” rating in a research report on Monday, September 9th. Finally, B. Riley reiterated a “hold” rating and set a $15.50 price objective on shares of Ship Finance International in a research note on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Ship Finance International presently has a consensus rating of “Hold” and a consensus target price of $14.17.
SFL opened at $14.09 on Friday. The firm has a market cap of $1.69 billion, a P/E ratio of 13.68 and a beta of 1.19. Ship Finance International has a 52-week low of $10.31 and a 52-week high of $15.10. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.46 and a current ratio of 1.31. The business’s fifty day moving average is $14.49 and its 200-day moving average is $13.53.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be paid a $0.35 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a yield of 9.94%. Ship Finance International’s dividend payout ratio (DPR) is 135.92%.
In other news, insider Cullen Keith acquired 600,000 shares of the stock in a transaction on Monday, November 4th. The stock was acquired at an average cost of $0.05 per share, for a total transaction of $30,000.00.
A number of large investors have recently added to or reduced their stakes in the stock. Manchester Financial Inc. acquired a new position in Ship Finance International during the second quarter worth about $25,000. Quantamental Technologies LLC bought a new stake in shares of Ship Finance International during the 2nd quarter valued at approximately $92,000. Aperio Group LLC acquired a new position in Ship Finance International during the 2nd quarter worth approximately $103,000. US Bancorp DE increased its position in Ship Finance International by 121.1% during the 2nd quarter. US Bancorp DE now owns 8,271 shares of the shipping company’s stock worth $103,000 after purchasing an additional 4,531 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in Ship Finance International during the 3rd quarter worth approximately $146,000. 31.46% of the stock is currently owned by institutional investors and hedge funds.
About Ship Finance International
Ship Finance International Ltd. engages in the ownership and operation of vessels and offshore related assets. It also involves in the charter, purchase, and sale of assets. Its assets include oil tankers, dry bulk carriers, container vessels, car carriers, jack-up drilling rig, ultra-deepwater drilling units, offshore supply vessels, and chemical tankers.
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