Ship Finance International Limited (NYSE:SFL) – Equities researchers at Seaport Global Securities dropped their Q1 2019 earnings per share estimates for Ship Finance International in a report released on Wednesday, January 9th. 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 previous estimate of $0.31. Seaport Global Securities also issued estimates for Ship Finance International’s Q2 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.29 EPS and Q4 2019 earnings at $0.38 EPS.
Ship Finance International (NYSE:SFL) last issued its earnings results on Tuesday, November 20th. The shipping company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.08. The firm had revenue of $111.00 million for the quarter, compared to analysts’ expectations of $114.96 million. Ship Finance International had a return on equity of 9.68% and a net margin of 22.77%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share.
SFL has been the subject of several other reports. Zacks Investment Research raised Ship Finance International from a “sell” rating to a “strong-buy” rating and set a $14.00 target price for the company in a report on Wednesday. B. Riley started coverage on Ship Finance International in a research report on Thursday. They issued a “neutral” rating and a $11.90 target price for the company. UBS Group raised Ship Finance International from a “sell” rating to a “buy” rating in a report on Thursday, November 29th. Finally, Citigroup started coverage on shares of Ship Finance International in a research note on Thursday, December 27th. They set a “neutral” rating and a $11.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.88.
Shares of NYSE SFL opened at $11.42 on Thursday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.60 and a current ratio of 0.61. The stock has a market cap of $1.43 billion, a PE ratio of 9.60 and a beta of 1.30. Ship Finance International has a 1 year low of $10.31 and a 1 year high of $15.98.
The company also recently declared a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Wednesday, December 12th were given a dividend of $0.35 per share. The ex-dividend date was Tuesday, December 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.26%. Ship Finance International’s dividend payout ratio is 117.65%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Rehmann Capital Advisory Group increased its stake in Ship Finance International by 1,289.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 4,531 shares of the shipping company’s stock valued at $326,000 after buying an additional 4,205 shares during the last quarter. Baillie Gifford & Co. bought a new stake in shares of Ship Finance International during the 3rd quarter worth about $115,000. Trilogy Capital Inc. bought a new stake in Ship Finance International in the 2nd quarter valued at about $219,000. Jane Street Group LLC bought a new stake in Ship Finance International in the 3rd quarter valued at about $208,000. Finally, MML Investors Services LLC boosted its holdings in Ship Finance International by 37.9% in the 3rd quarter. MML Investors Services LLC now owns 17,723 shares of the shipping company’s stock valued at $246,000 after purchasing an additional 4,868 shares during the period. 29.20% of the stock is currently owned by institutional investors.
About Ship Finance International
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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