International Seaways (NYSE:INSW) issued its quarterly earnings data on Thursday. The transportation company reported ($0.51) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.54) by $0.03, Fidelity Earnings reports. The business had revenue of $69.01 million during the quarter, compared to the consensus estimate of $71.97 million. International Seaways had a negative net margin of 13.98% and a negative return on equity of 2.48%.
NYSE INSW traded down $0.06 on Friday, hitting $15.88. The company’s stock had a trading volume of 201,528 shares, compared to its average volume of 167,277. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.88 and a current ratio of 1.92. International Seaways has a 1-year low of $15.15 and a 1-year high of $22.36. The stock’s 50-day simple moving average is $17.90. The company has a market capitalization of $465.80 million, a price-to-earnings ratio of -7.22 and a beta of 0.20.
Separately, Zacks Investment Research cut shares of International Seaways from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.50.
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 December 31, 2018, the company owned and operated a fleet of 48 vessels, including 13 very large crude carriers, 2 Suezmaxes, 6 Aframaxes, 11 Panamaxes, and 10 medium range tankers.
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