Wall Street analysts expect Ship Finance International (NYSE:SFL) to post sales of $92.62 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Ship Finance International’s earnings. The highest sales estimate is $96.23 million and the lowest is $89.00 million. Ship Finance International reported sales of $96.88 million in the same quarter last year, which would suggest a negative year over year growth rate of 4.4%. The company is scheduled to report its next earnings results on Tuesday, May 29th.
On average, analysts expect that Ship Finance International will report full-year sales of $385.60 million for the current year, with estimates ranging from $376.00 million to $395.19 million. For the next financial year, analysts anticipate that the firm will report sales of $399.18 million per share, with estimates ranging from $392.10 million to $406.26 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Ship Finance International.
Ship Finance International (NYSE:SFL) last issued its quarterly earnings data on Tuesday, February 27th. The shipping company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). Ship Finance International had a return on equity of 10.08% and a net margin of 26.57%. The company had revenue of $96.10 million during the quarter, compared to analyst estimates of $96.88 million.
A number of institutional investors and hedge funds have recently made changes to their positions in SFL. Principal Financial Group Inc. purchased a new stake in Ship Finance International during the 3rd quarter worth approximately $154,000. SG Americas Securities LLC purchased a new stake in Ship Finance International during the 3rd quarter worth approximately $187,000. Legal & General Group Plc increased its stake in Ship Finance International by 30.2% during the 3rd quarter. Legal & General Group Plc now owns 22,412 shares of the shipping company’s stock worth $325,000 after buying an additional 5,205 shares during the period. Wells Fargo & Company MN increased its stake in Ship Finance International by 6.3% during the 3rd quarter. Wells Fargo & Company MN now owns 177,532 shares of the shipping company’s stock worth $2,574,000 after buying an additional 10,593 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in Ship Finance International by 6.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 287,771 shares of the shipping company’s stock worth $4,173,000 after buying an additional 18,069 shares during the period. 33.67% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SFL stock remained flat at $$14.65 during trading hours on Friday. 277,199 shares of the stock traded hands, compared to its average volume of 560,788. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.91 and a current ratio of 0.92. Ship Finance International has a 52-week low of $12.30 and a 52-week high of $15.98. The firm has a market cap of $1,507.94, a price-to-earnings ratio of 12.31 and a beta of 1.33.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 27th. Investors of record on Monday, March 19th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 9.56%. The ex-dividend date of this dividend was Friday, March 16th. Ship Finance International’s payout ratio is currently 117.65%.
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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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