International Seaways (NYSE:INSW) issued its earnings results on Tuesday. The transportation company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.23, MarketWatch Earnings reports. International Seaways had a negative net margin of 32.90% and a negative return on equity of 6.18%. The firm had revenue of $100.55 million for the quarter, compared to analysts’ expectations of $84.44 million.
Shares of NYSE INSW opened at $18.65 on Thursday. The stock has a market capitalization of $551.57 million, a price-to-earnings ratio of -8.48 and a beta of 0.10. The company has a current ratio of 1.73, a quick ratio of 1.69 and a debt-to-equity ratio of 0.76. International Seaways has a 52-week low of $15.61 and a 52-week high of $24.78.
A number of equities analysts have issued reports on the stock. ValuEngine raised shares of International Seaways from a “hold” rating to a “buy” rating in a report on Friday, November 30th. Jefferies Financial Group set a $30.00 target price on shares of International Seaways and gave the stock a “buy” rating in a report on Thursday, December 6th. B. Riley set a $22.00 target price on shares of International Seaways and gave the stock a “hold” rating in a report on Thursday, December 13th. Finally, TheStreet raised shares of International Seaways from a “d” rating to a “c-” rating in a report on Wednesday, February 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. International Seaways has an average rating of “Buy” and a consensus price target of $26.50.
International Seaways Company Profile
International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trades. It operates through two segments, Crude Tankers and Product Carriers. As of June 14, 2018, the company owned and operated a fleet of 55 vessels, including 1 ultra large crude carrier, 14 very large crude carriers, 2 Suezmaxes, 7 Aframaxes, 12 Panamaxes, and 13 medium range tankers.
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