Q1 2019 Earnings Estimate for Ship Finance International Limited Issued By Seaport Global Securities (SFL)

Ship Finance International Limited (NYSE:SFL) – Stock analysts at Seaport Global Securities decreased their Q1 2019 earnings per share estimates for shares of Ship Finance International in a research note issued on Wednesday, November 7th. Seaport Global Securities analyst M. Fyhr now forecasts that the shipping company will earn $0.27 per share for the quarter, down from their prior estimate of $0.34. Seaport Global Securities also issued estimates for Ship Finance International’s Q2 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.31 EPS and Q4 2019 earnings at $0.31 EPS.

Other equities research analysts have also issued reports about the stock. Nordea Equity Research raised shares of Ship Finance International from a “hold” rating to a “buy” rating in a research note on Thursday, September 6th. TheStreet lowered shares of Ship Finance International from a “b” rating to a “c+” rating in a research note on Thursday, August 23rd. Zacks Investment Research raised shares of Ship Finance International from a “sell” rating to a “hold” rating in a research note on Thursday, September 13th. Finally, ValuEngine lowered shares of Ship Finance International from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $15.38.

SFL stock opened at $12.53 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.50. Ship Finance International has a 52-week low of $11.90 and a 52-week high of $15.98. The stock has a market cap of $1.58 billion, a PE ratio of 10.53 and a beta of 1.21.

Ship Finance International (NYSE:SFL) last posted its earnings results on Wednesday, August 22nd. The shipping company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.10. Ship Finance International had a net margin of 23.55% and a return on equity of 9.40%. The business had revenue of $96.80 million for the quarter, compared to analyst estimates of $101.65 million. During the same period in the prior year, the company posted $0.35 EPS.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Martingale Asset Management L P raised its position in shares of Ship Finance International by 32.0% during the 3rd quarter. Martingale Asset Management L P now owns 198,028 shares of the shipping company’s stock worth $2,753,000 after purchasing an additional 48,000 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Ship Finance International by 7.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,224,434 shares of the shipping company’s stock worth $44,819,000 after purchasing an additional 234,378 shares during the last quarter. MML Investors Services LLC raised its position in shares of Ship Finance International by 37.9% during the 3rd quarter. MML Investors Services LLC now owns 17,723 shares of the shipping company’s stock worth $246,000 after purchasing an additional 4,868 shares during the last quarter. Rhumbline Advisers raised its position in shares of Ship Finance International by 129.7% during the 3rd quarter. Rhumbline Advisers now owns 349,978 shares of the shipping company’s stock worth $4,865,000 after purchasing an additional 197,644 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Ship Finance International by 4.4% during the 3rd quarter. Prudential Financial Inc. now owns 581,929 shares of the shipping company’s stock worth $8,089,000 after purchasing an additional 24,460 shares during the last quarter. Hedge funds and other institutional investors own 31.33% of the company’s stock.

Ship Finance International Company Profile

Ship Finance International Limited owns and operates vessels and offshore related assets primarily in Bermuda, Cyprus, Malta, Liberia, Norway, the United Kingdom, and the Marshall Islands. It is also involved in the charter, purchase, and sale of assets. In addition, the company operates in various sectors of the shipping and offshore industry, including oil transportation, dry bulk shipments, chemical transportation, oil product transportation, container transportation, car transportation, drilling rigs, and offshore supply vessels.

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Earnings History and Estimates for Ship Finance International (NYSE:SFL)

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