Headlines about Seaspan (NYSE:SSW) have been trending somewhat negative recently, AlphaOne Sentiment Analysis reports. AlphaOne, a service of Accern, scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Seaspan earned a media sentiment score of -0.06 on AlphaOne’s scale. AlphaOne also gave news articles about the shipping company an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the near future.
Several research firms recently commented on SSW. Seaport Global Securities restated a “neutral” rating on shares of Seaspan in a research report on Thursday, January 19th. Morgan Stanley assumed coverage on Seaspan in a research note on Wednesday, February 1st. They set an “underweight” rating and a $4.50 price target for the company. Zacks Investment Research lowered Seaspan from a “hold” rating to a “sell” rating in a research note on Wednesday, December 28th. Credit Suisse Group AG set a $8.00 price target on Seaspan and gave the stock a “hold” rating in a research note on Thursday, March 2nd. Finally, JPMorgan Chase & Co. raised Seaspan from an “underweight” rating to a “neutral” rating and dropped their price target for the stock from $10.00 to $8.00 in a research note on Thursday, March 2nd. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Seaspan presently has an average rating of “Hold” and a consensus price target of $9.06.
Shares of Seaspan (NYSE:SSW) traded up 0.16% during midday trading on Friday, reaching $6.28. The company’s stock had a trading volume of 719,492 shares. The company’s 50-day moving average price is $6.77 and its 200-day moving average price is $9.18. Seaspan has a 12 month low of $6.05 and a 12 month high of $17.86. The company’s market cap is $663.58 million.
Seaspan (NYSE:SSW) last announced its quarterly earnings data on Tuesday, February 28th. The shipping company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The business earned $213.20 million during the quarter, compared to the consensus estimate of $213.39 million. Seaspan had a negative net margin of 7.28% and a positive return on equity of 10.38%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 earnings per share. On average, equities analysts anticipate that Seaspan will post $0.69 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Thursday, April 20th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 7.96%. The ex-dividend date of this dividend is Tuesday, April 18th. Seaspan’s dividend payout ratio is presently -141.51%.
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Seaspan Company Profile
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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