Equities research analysts expect that International Seaways Inc (NYSE:INSW) will post earnings per share of $0.44 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for International Seaways’ earnings, with estimates ranging from $0.27 to $0.60. International Seaways posted earnings of ($0.78) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 156.4%. The company is expected to report its next quarterly earnings results on Friday, May 3rd.
According to Zacks, analysts expect that International Seaways will report full-year earnings of $0.41 per share for the current year, with EPS estimates ranging from ($0.56) to $0.85. For the next financial year, analysts anticipate that the company will report earnings of $2.46 per share, with EPS estimates ranging from $1.21 to $3.72. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover International Seaways.
International Seaways (NYSE:INSW) last announced its quarterly earnings data on Tuesday, March 12th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.23. International Seaways had a negative net margin of 32.90% and a negative return on equity of 6.23%. The firm had revenue of $100.55 million during the quarter, compared to analyst estimates of $84.44 million.
Several large investors have recently modified their holdings of INSW. Russell Investments Group Ltd. boosted its holdings in International Seaways by 123.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 15,918 shares of the transportation company’s stock worth $319,000 after acquiring an additional 8,800 shares during the period. BlackRock Inc. boosted its position in shares of International Seaways by 0.9% in the 3rd quarter. BlackRock Inc. now owns 1,574,454 shares of the transportation company’s stock valued at $31,521,000 after purchasing an additional 14,768 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of International Seaways by 11.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,404,868 shares of the transportation company’s stock valued at $28,125,000 after purchasing an additional 144,903 shares during the period. Teachers Advisors LLC boosted its position in shares of International Seaways by 8.1% in the 3rd quarter. Teachers Advisors LLC now owns 48,289 shares of the transportation company’s stock valued at $967,000 after purchasing an additional 3,631 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of International Seaways by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,576,136 shares of the transportation company’s stock valued at $31,554,000 after purchasing an additional 25,646 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.
Shares of INSW traded down $0.22 during mid-day trading on Monday, reaching $17.14. The stock had a trading volume of 74,011 shares, compared to its average volume of 224,258. The company has a current ratio of 2.23, a quick ratio of 2.19 and a debt-to-equity ratio of 0.75. International Seaways has a 52-week low of $15.61 and a 52-week high of $24.78. The firm has a market capitalization of $506.90 million, a P/E ratio of -7.79 and a beta of 0.10.
About International Seaways
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 June 14, 2018, the company owned and operated a fleet of 55 vessels, including 1 ultra large crude carrier, 14 very large crude carriers, 2 Suezmaxes, 7 Aframaxes, 12 Panamaxes, and 13 medium range tankers.
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