Zacks: Brokerages Anticipate Ship Finance International Limited (SFL) Will Post Earnings of $0.27 Per Share

Equities research analysts expect Ship Finance International Limited (NYSE:SFL) to post earnings of $0.27 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ship Finance International Limited’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.32. Ship Finance International Limited posted earnings of $0.35 per share in the same quarter last year, which suggests a negative year over year growth rate of 22.9%. The firm is expected to announce its next earnings results on Tuesday, December 5th.

According to Zacks, analysts expect that Ship Finance International Limited will report full-year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.13 to $1.30. For the next financial year, analysts anticipate that the company will report earnings of $1.14 per share, with EPS estimates ranging from $1.00 to $1.24. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Ship Finance International Limited.

Ship Finance International Limited (NYSE:SFL) last issued its quarterly earnings results on Wednesday, August 30th. The shipping company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. Ship Finance International Limited had a net margin of 29.59% and a return on equity of 11.26%. The company had revenue of $94.22 million during the quarter, compared to analysts’ expectations of $95.70 million.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Ship Finance International Limited from a “strong sell” rating to a “hold” rating in a report on Friday, September 15th. BidaskClub upgraded shares of Ship Finance International Limited from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Shares of Ship Finance International Limited (NYSE:SFL) traded up 0.35% on Wednesday, reaching $14.50. 1,232,761 shares of the company were exchanged. The company’s 50-day moving average is $14.00 and its 200-day moving average is $13.72. Ship Finance International Limited has a 52 week low of $12.07 and a 52 week high of $16.10. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 11.97 and a beta of 1.39.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.40 annualized dividend and a dividend yield of 9.66%. Ship Finance International Limited’s dividend payout ratio (DPR) is currently 113.82%.

A number of large investors have recently modified their holdings of SFL. Quantbot Technologies LP acquired a new position in Ship Finance International Limited in the 1st quarter worth approximately $124,000. Raymond James Financial Services Advisors Inc. acquired a new position in Ship Finance International Limited in the 2nd quarter worth approximately $145,000. Stifel Financial Corp increased its holdings in Ship Finance International Limited by 2.1% in the 2nd quarter. Stifel Financial Corp now owns 11,019 shares of the shipping company’s stock worth $150,000 after buying an additional 226 shares during the period. Geneva Advisors LLC increased its holdings in Ship Finance International Limited by 3.2% in the 2nd quarter. Geneva Advisors LLC now owns 12,735 shares of the shipping company’s stock worth $173,000 after buying an additional 400 shares during the period. Finally, QS Investors LLC acquired a new position in Ship Finance International Limited in the 2nd quarter worth approximately $174,000. Institutional investors own 26.41% of the company’s stock.

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Ship Finance International Limited Company Profile

Ship Finance International Limited is a holding, and international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. Its assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.

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Earnings History and Estimates for Ship Finance International Limited (NYSE:SFL)

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