Ship Finance International (SFL) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Ship Finance International (NYSE:SFL) released its quarterly earnings results on Tuesday. The shipping company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01, Morningstar.com reports. The business had revenue of $116.54 million during the quarter, compared to analyst estimates of $116.35 million. Ship Finance International had a net margin of 17.58% and a return on equity of 8.92%. During the same quarter in the prior year, the firm earned $0.24 earnings per share.

SFL stock traded down $0.10 during trading on Wednesday, hitting $13.30. The company had a trading volume of 15,253 shares, compared to its average volume of 618,468. The company has a market capitalization of $1.58 billion, a P/E ratio of 12.90 and a beta of 1.40. Ship Finance International has a fifty-two week low of $10.31 and a fifty-two week high of $15.65. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 1.93.

Several equities analysts have recently commented on the stock. ValuEngine upgraded shares of Ship Finance International from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Zacks Investment Research lowered shares of Ship Finance International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 7th. B. Riley set a $14.00 price objective on shares of Ship Finance International and gave the stock a “hold” rating in a report on Thursday, March 7th. Finally, Pareto Securities raised shares of Ship Finance International from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $14.25.

A number of hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its holdings in Ship Finance International by 12.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,720 shares of the shipping company’s stock valued at $108,000 after acquiring an additional 959 shares during the last quarter. Raymond James & Associates lifted its holdings in Ship Finance International by 3.3% in the 1st quarter. Raymond James & Associates now owns 30,431 shares of the shipping company’s stock valued at $376,000 after acquiring an additional 968 shares during the last quarter. MML Investors Services LLC lifted its holdings in Ship Finance International by 6.9% in the 1st quarter. MML Investors Services LLC now owns 17,595 shares of the shipping company’s stock valued at $217,000 after acquiring an additional 1,141 shares during the last quarter. Advisory Services Network LLC lifted its holdings in Ship Finance International by 3.2% in the 1st quarter. Advisory Services Network LLC now owns 38,348 shares of the shipping company’s stock valued at $473,000 after acquiring an additional 1,191 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in Ship Finance International by 21.7% in the 4th quarter. Baillie Gifford & Co. now owns 10,100 shares of the shipping company’s stock valued at $106,000 after acquiring an additional 1,800 shares during the last quarter. 28.54% of the stock is owned by institutional investors and hedge funds.

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Ship Finance International Company Profile

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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Earnings History for Ship Finance International (NYSE:SFL)

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