Seaport Global Securities Equities Analysts Reduce Earnings Estimates for Ship Finance International Limited (SFL)

Ship Finance International Limited (NYSE:SFL) – Research analysts at Seaport Global Securities decreased their Q3 2019 earnings per share (EPS) estimates for Ship Finance International in a report issued on Tuesday, November 20th. Seaport Global Securities analyst M. Fyhr now forecasts that the shipping company will post earnings of $0.30 per share for the quarter, down from their prior estimate of $0.31.

Ship Finance International (NYSE:SFL) last posted its quarterly earnings results on Tuesday, November 20th. The shipping company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.08. The business had revenue of $111.00 million for the quarter, compared to analyst estimates of $114.96 million. Ship Finance International had a net margin of 22.77% and a return on equity of 9.72%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS.

SFL has been the topic of several other research reports. ValuEngine lowered shares of Ship Finance International from a “hold” rating to a “sell” rating in a research report on Thursday, September 13th. Zacks Investment Research downgraded shares of Ship Finance International from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. TheStreet downgraded shares of Ship Finance International from a “b” rating to a “c+” rating in a research note on Thursday, August 23rd. Finally, 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $15.38.

NYSE SFL opened at $12.48 on Thursday. The company has a current ratio of 0.50, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The company has a market cap of $1.58 billion, a P/E ratio of 10.49 and a beta of 1.21. Ship Finance International has a 1 year low of $11.50 and a 1 year high of $15.98.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Wednesday, December 12th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 11.22%. The ex-dividend date is Tuesday, December 11th. Ship Finance International’s payout ratio is 117.65%.

Large investors have recently modified their holdings of the stock. Macquarie Group Ltd. lifted its stake in Ship Finance International by 1,180.3% in the 2nd quarter. Macquarie Group Ltd. now owns 26,400 shares of the shipping company’s stock valued at $395,000 after purchasing an additional 24,338 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Ship Finance International by 26.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 407,709 shares of the shipping company’s stock valued at $6,096,000 after purchasing an additional 85,143 shares during the last quarter. Capital Fund Management S.A. bought a new position in Ship Finance International in the 2nd quarter valued at approximately $774,000. Albert D Mason Inc. lifted its stake in Ship Finance International by 18.9% in the 2nd quarter. Albert D Mason Inc. now owns 74,155 shares of the shipping company’s stock valued at $1,109,000 after purchasing an additional 11,785 shares during the last quarter. Finally, BlueMountain Capital Management LLC lifted its stake in Ship Finance International by 17,907.7% in the 2nd quarter. BlueMountain Capital Management LLC now owns 34,935 shares of the shipping company’s stock valued at $522,000 after purchasing an additional 34,741 shares during the last quarter. 32.06% of the stock is owned by institutional investors and hedge funds.

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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