Equities analysts predict that Seaspan Corporation (NYSE:SSW) will announce earnings per share (EPS) of $0.20 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Seaspan Corporation’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.18. Seaspan Corporation posted earnings of $0.21 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 4.8%. The company is expected to report its next earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Seaspan Corporation will report full-year earnings of $0.71 per share for the current financial year, with EPS estimates ranging from $0.68 to $0.78. For the next fiscal year, analysts forecast that the firm will report earnings of $1.05 per share, with EPS estimates ranging from $0.83 to $1.25. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Seaspan Corporation.

Seaspan Corporation (NYSE:SSW) last announced its quarterly earnings data on Tuesday, October 31st. The shipping company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Seaspan Corporation had a return on equity of 7.14% and a net margin of 14.23%. The business had revenue of $211.01 million for the quarter, compared to analysts’ expectations of $212.46 million. During the same period last year, the firm earned $0.29 earnings per share.

A number of analysts have weighed in on the company. BidaskClub cut Seaspan Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. ValuEngine cut Seaspan Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Seaspan Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group set a $5.00 price target on Seaspan Corporation and gave the company a “sell” rating in a research note on Tuesday, August 1st. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $6.79.

Seaspan Corporation (NYSE SSW) traded up $0.13 during trading on Monday, reaching $5.98. The company’s stock had a trading volume of 1,095,254 shares, compared to its average volume of 1,309,545. Seaspan Corporation has a one year low of $5.02 and a one year high of $11.76. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $740.16, a PE ratio of 8.24, a PEG ratio of 1.72 and a beta of 0.66.

The business also recently declared a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Friday, October 20th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.36%. The ex-dividend date of this dividend was Thursday, October 19th. Seaspan Corporation’s dividend payout ratio is currently 108.70%.

In related news, CEO Gerry Yougui Wang purchased 10,076 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were purchased at an average price of $6.39 per share, with a total value of $64,385.64. Following the completion of the acquisition, the chief executive officer now directly owns 2,042,848 shares in the company, valued at approximately $13,053,798.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in Seaspan Corporation by 523.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,072,771 shares of the shipping company’s stock valued at $7,430,000 after purchasing an additional 900,606 shares in the last quarter. Parametrica Management Ltd boosted its holdings in Seaspan Corporation by 1,290.6% in the 3rd quarter. Parametrica Management Ltd now owns 618,166 shares of the shipping company’s stock valued at $4,383,000 after purchasing an additional 573,712 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Seaspan Corporation by 636.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 628,624 shares of the shipping company’s stock valued at $4,488,000 after purchasing an additional 543,211 shares in the last quarter. Punch & Associates Investment Management Inc. purchased a new stake in Seaspan Corporation in the 2nd quarter valued at approximately $3,404,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Seaspan Corporation during the 2nd quarter valued at approximately $2,285,000. 15.49% of the stock is currently owned by hedge funds and other institutional investors.

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Seaspan Corporation 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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Earnings History and Estimates for Seaspan Corporation (NYSE:SSW)

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