Ship Finance International (NYSE:SFL) will be releasing its earnings data before the market opens on Thursday, November 21st. Analysts expect Ship Finance International to post earnings of $0.22 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Ship Finance International (NYSE:SFL) last issued its earnings results on Tuesday, August 20th. The shipping company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. Ship Finance International had a net margin of 20.77% and a return on equity of 8.93%. The business had revenue of $110.90 million for the quarter, compared to analyst estimates of $114.61 million. On average, analysts expect Ship Finance International to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Ship Finance International stock opened at $14.43 on Wednesday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.46 and a current ratio of 1.49. The firm’s 50-day simple moving average is $14.51 and its 200-day simple moving average is $13.44. Ship Finance International has a twelve month low of $10.31 and a twelve month high of $15.10. The firm has a market cap of $1.70 billion, a P/E ratio of 14.01 and a beta of 1.20.
Several brokerages have recently weighed in on SFL. TheStreet upgraded shares of Ship Finance International from a “c+” rating to a “b-” rating in a research report on Monday, September 9th. B. Riley set a $14.00 price target on shares of Ship Finance International and gave the company a “hold” rating in a research report on Wednesday, August 21st. Zacks Investment Research lowered shares of Ship Finance International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, ValuEngine upgraded shares of Ship Finance International from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.67.
In other news, insider Cullen Keith purchased 600,000 shares of Ship Finance International stock in a transaction on Monday, November 4th. The shares were purchased at an average cost of $0.05 per share, for a total transaction of $30,000.00.
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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