Equities analysts expect that Ship Finance International Limited (NYSE:SFL) will post $123.35 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Ship Finance International’s earnings. The highest sales estimate is $135.04 million and the lowest is $114.10 million. Ship Finance International reported sales of $96.10 million during the same quarter last year, which indicates a positive year-over-year growth rate of 28.4%. The firm is expected to issue its next earnings report on Tuesday, February 26th.
According to Zacks, analysts expect that Ship Finance International will report full year sales of $429.14 million for the current year, with estimates ranging from $414.20 million to $452.16 million. For the next fiscal year, analysts expect that the company will post sales of $472.94 million, with estimates ranging from $443.36 million to $529.06 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Ship Finance International.
Get Ship Finance International alerts:Ship Finance International (NYSE:SFL) last announced its quarterly earnings data on Tuesday, November 20th. The shipping company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. Ship Finance International had a net margin of 22.77% and a return on equity of 9.68%. The business had revenue of $111.00 million during the quarter, compared to analyst estimates of $114.96 million. During the same period last year, the firm posted $0.31 EPS. The company’s revenue was up 18.5% on a year-over-year basis.
A number of research firms recently weighed in on SFL. Zacks Investment Research lowered shares of Ship Finance International from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 15th. Pareto Securities raised shares of Ship Finance International from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. 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. UBS Group raised shares of Ship Finance International from a “sell” rating to a “buy” rating in a report on Thursday, November 29th. Finally, 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. One analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $13.73.
Institutional investors and hedge funds have recently modified their holdings of the stock. Rehmann Capital Advisory Group lifted its position in shares of Ship Finance International by 1,289.9% during the third quarter. Rehmann Capital Advisory Group now owns 4,531 shares of the shipping company’s stock worth $326,000 after purchasing an additional 4,205 shares during the last quarter. Baillie Gifford & Co. bought a new stake in shares of Ship Finance International during the third quarter worth $115,000. Pitcairn Co. bought a new stake in shares of Ship Finance International during the fourth quarter worth $133,000. Jane Street Group LLC bought a new stake in shares of Ship Finance International during the third quarter worth $208,000. Finally, MML Investors Services LLC lifted its position in shares of Ship Finance International by 37.9% during the third quarter. MML Investors Services LLC now owns 17,723 shares of the shipping company’s stock worth $246,000 after purchasing an additional 4,868 shares during the last quarter. Institutional investors own 29.28% of the company’s stock.
Shares of SFL stock traded up $0.10 on Friday, reaching $12.54. The company’s stock had a trading volume of 475,887 shares, compared to its average volume of 590,940. Ship Finance International has a 1 year low of $10.31 and a 1 year high of $15.65. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.60 and a current ratio of 0.61. The firm has a market cap of $1.53 billion, a PE ratio of 10.54 and a beta of 1.43.
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 supply vessels.
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