Wall Street analysts predict that Ship Finance International Limited (NYSE:SFL) will post $116.16 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Ship Finance International’s earnings. The highest sales estimate is $117.04 million and the lowest is $115.27 million. Ship Finance International posted sales of $110.90 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.7%. The firm is scheduled to announce its next earnings report on Tuesday, August 18th.
According to Zacks, analysts expect that Ship Finance International will report full year sales of $481.99 million for the current year, with estimates ranging from $478.13 million to $485.84 million. For the next year, analysts forecast that the company will post sales of $471.81 million, with estimates ranging from $469.00 million to $474.62 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Ship Finance International.
Ship Finance International (NYSE:SFL) last announced its quarterly earnings results on Wednesday, May 20th. The shipping company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The company had revenue of $121.90 million for the quarter, compared to analyst estimates of $119.86 million. Ship Finance International had a negative net margin of 6.78% and a positive return on equity of 10.56%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its holdings in Ship Finance International by 12.4% in the fourth quarter. Victory Capital Management Inc. now owns 15,033 shares of the shipping company’s stock valued at $219,000 after acquiring an additional 1,663 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Ship Finance International in the fourth quarter valued at $195,000. FMR LLC lifted its holdings in Ship Finance International by 112.3% in the fourth quarter. FMR LLC now owns 252,113 shares of the shipping company’s stock valued at $3,665,000 after acquiring an additional 133,356 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Ship Finance International by 6.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,596 shares of the shipping company’s stock valued at $387,000 after acquiring an additional 1,591 shares during the period. Finally, Spark Investment Management LLC acquired a new stake in Ship Finance International in the fourth quarter valued at $535,000. 28.91% of the stock is owned by hedge funds and other institutional investors.
Ship Finance International stock traded up $0.08 during mid-day trading on Thursday, hitting $9.29. The company had a trading volume of 666,332 shares, compared to its average volume of 896,652. The company has a quick ratio of 1.05, a current ratio of 0.99 and a debt-to-equity ratio of 2.52. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -32.03 and a beta of 1.17. The business has a fifty day moving average of $9.85 and a 200 day moving average of $11.60. Ship Finance International has a 1 year low of $6.33 and a 1 year high of $15.10.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.76%. The ex-dividend date is Wednesday, June 17th. Ship Finance International’s dividend payout ratio is presently 91.74%.
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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