Seaspan Corporation (NYSE:SSW) is set to release its earnings data after the market closes on Monday, July 24th. Analysts expect Seaspan Corporation to post earnings of $0.16 per share for the quarter.
Seaspan Corporation (NYSE:SSW) last issued its quarterly earnings results on Wednesday, April 26th. The shipping company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. The business had revenue of $201.30 million for the quarter, compared to analysts’ expectations of $204.09 million. Seaspan Corporation had a negative net margin of 12.29% and a positive return on equity of 8.08%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share. On average, analysts expect Seaspan Corporation to post $0.7 EPS for the current fiscal year and $1.1 EPS for the next fiscal year.
Shares of Seaspan Corporation (NYSE SSW) opened at 6.74 on Monday. Seaspan Corporation has a 12 month low of $5.02 and a 12 month high of $15.45. The firm’s 50-day moving average is $5.85 and its 200-day moving average is $7.43. The company’s market cap is $737.91 million.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 20th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date is Tuesday, July 18th. Seaspan Corporation’s payout ratio is presently -32.26%.
A number of equities analysts recently commented on SSW shares. BidaskClub upgraded shares of Seaspan Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Citigroup Inc. upgraded shares of Seaspan Corporation from a “sell” rating to a “neutral” rating and set a $7.00 price objective on the stock in a research report on Tuesday, May 2nd. Zacks Investment Research cut shares of Seaspan Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine cut shares of Seaspan Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Credit Suisse Group cut shares of Seaspan Corporation from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $7.00 to $6.00 in a research report on Monday, May 1st. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $6.94.
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About Seaspan Corporation
Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.
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