SEASPAN Corp/SH SH (SSW) Issues Earnings Results

SEASPAN Corp/SH SH (NYSE:SSW) posted its earnings results on Wednesday. The shipping company reported $0.23 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.23, Fidelity Earnings reports. SEASPAN Corp/SH SH had a net margin of 23.74% and a return on equity of 6.68%.

Shares of SEASPAN Corp/SH SH traded up $0.20, reaching $8.76, on Thursday, Marketbeat Ratings reports. The stock had a trading volume of 1,020,400 shares, compared to its average volume of 1,505,949. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.93. SEASPAN Corp/SH SH has a fifty-two week low of $5.50 and a fifty-two week high of $10.72. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 0.45 and a beta of 0.35.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 30th. Stockholders of record on Tuesday, July 10th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend was Monday, July 9th. SEASPAN Corp/SH SH’s payout ratio is 75.76%.

A number of brokerages have recently weighed in on SSW. ValuEngine upgraded shares of SEASPAN Corp/SH SH from a “hold” rating to a “buy” rating in a research note on Friday, June 29th. Zacks Investment Research upgraded shares of SEASPAN Corp/SH SH from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 21st. Bank of America upgraded shares of SEASPAN Corp/SH SH from an “underperform” rating to a “buy” rating in a research note on Thursday, May 3rd. Citigroup boosted their price objective on shares of SEASPAN Corp/SH SH from $7.00 to $8.50 and gave the stock a “neutral” rating in a research note on Friday, May 4th. Finally, Deutsche Bank upgraded shares of SEASPAN Corp/SH SH from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $7.00 to $13.00 in a research note on Thursday, April 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $10.53.

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 Central, Hong Kong.

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Earnings History for SEASPAN Corp/SH SH (NYSE:SSW)

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