$0.26 Earnings Per Share Expected for Ship Finance International Limited (SFL) This Quarter

Equities research analysts expect Ship Finance International Limited (NYSE:SFL) to announce $0.26 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Ship Finance International’s earnings, with estimates ranging from $0.23 to $0.28. Ship Finance International posted earnings per share of $0.24 in the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The company is expected to report its next quarterly earnings results on Thursday, May 30th.

According to Zacks, analysts expect that Ship Finance International will report full year earnings of $1.07 per share for the current financial year, with EPS estimates ranging from $0.97 to $1.23. For the next financial year, analysts forecast that the business will report earnings of $1.16 per share, with EPS estimates ranging from $1.02 to $1.33. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Ship Finance International.

Ship Finance International (NYSE:SFL) last released its quarterly earnings results on Tuesday, February 26th. The shipping company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). Ship Finance International had a net margin of 17.58% and a return on equity of 8.92%. The firm had revenue of $118.57 million for the quarter, compared to the consensus estimate of $123.35 million.

Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Ship Finance International from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 1st. B. Riley began coverage on shares of Ship Finance International in a report on Thursday, January 10th. They issued a “neutral” rating and a $11.90 target price for the company. Citigroup began coverage on shares of Ship Finance International in a report on Thursday, December 27th. They issued a “neutral” rating and a $11.00 target price for the company. Finally, Pareto Securities upgraded shares of Ship Finance International from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Ship Finance International has an average rating of “Hold” and a consensus price target of $14.25.

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Ship Finance International by 24.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,131,413 shares of the shipping company’s stock worth $43,506,000 after acquiring an additional 810,218 shares in the last quarter. Norges Bank bought a new position in Ship Finance International during the fourth quarter worth about $6,406,000. Federated Investors Inc. PA lifted its stake in Ship Finance International by 81,034.5% during the third quarter. Federated Investors Inc. PA now owns 303,443 shares of the shipping company’s stock worth $4,218,000 after purchasing an additional 303,069 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Ship Finance International by 7.8% in the third quarter. Bank of New York Mellon Corp now owns 3,224,434 shares of the shipping company’s stock valued at $44,819,000 after acquiring an additional 234,378 shares during the last quarter. Finally, Camarda Financial Advisors LLC bought a new position in shares of Ship Finance International in the fourth quarter valued at approximately $1,672,000. 28.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of SFL traded down $0.03 during trading hours on Tuesday, reaching $12.72. 405,354 shares of the stock traded hands, compared to its average volume of 655,363. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.02 and a quick ratio of 1.00. Ship Finance International has a 52 week low of $10.31 and a 52 week high of $15.65. The firm has a market capitalization of $1.52 billion, a P/E ratio of 12.35 and a beta of 1.40.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 12th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 11.01%. The ex-dividend date of this dividend was Monday, March 11th. Ship Finance International’s dividend payout ratio (DPR) is presently 135.92%.

Ship Finance International Company Profile

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 support vessels.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

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