Brokerages expect that Ship Finance International Limited (NYSE:SFL) will report earnings per share (EPS) of $0.26 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Ship Finance International’s earnings, with estimates ranging from $0.23 to $0.28. Ship Finance International posted earnings per share of $0.24 during the same quarter last year, which would indicate a positive year over year growth rate of 8.3%. The company is expected to report its next quarterly earnings results on Thursday, May 30th.

On average, analysts expect that Ship Finance International will report full year earnings of $1.07 per share for the current fiscal year, with EPS estimates ranging from $0.97 to $1.23. For the next fiscal year, analysts forecast that the firm will report earnings of $1.16 per share, with EPS estimates ranging from $1.02 to $1.33. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Ship Finance International.

Ship Finance International (NYSE:SFL) last announced its quarterly earnings results on Tuesday, February 26th. The shipping company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.19). Ship Finance International had a net margin of 17.58% and a return on equity of 8.92%. The firm had revenue of $118.57 million for the quarter, compared to analyst estimates of $123.35 million.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Ship Finance International from a “strong-buy” rating to a “hold” rating in a report on Friday, March 1st. B. Riley set a $14.00 price objective on shares of Ship Finance International and gave the company a “hold” rating in a research note on Thursday, March 7th. Pareto Securities upgraded shares of Ship Finance International from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Finally, Citigroup initiated coverage on shares of Ship Finance International in a research note on Thursday, December 27th. They set a “neutral” rating and a $11.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Ship Finance International currently has a consensus rating of “Hold” and a consensus target price of $14.25.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Baillie Gifford & Co. raised its position in Ship Finance International by 21.7% in the fourth quarter. Baillie Gifford & Co. now owns 10,100 shares of the shipping company’s stock worth $106,000 after acquiring an additional 1,800 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Ship Finance International by 12.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 18,098 shares of the shipping company’s stock worth $191,000 after acquiring an additional 1,972 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Ship Finance International by 3.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 70,150 shares of the shipping company’s stock worth $739,000 after acquiring an additional 2,050 shares in the last quarter. Advisor Group Inc. raised its position in Ship Finance International by 14.1% in the fourth quarter. Advisor Group Inc. now owns 22,271 shares of the shipping company’s stock worth $234,000 after acquiring an additional 2,759 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its position in Ship Finance International by 1,289.9% in the third quarter. Rehmann Capital Advisory Group now owns 4,531 shares of the shipping company’s stock worth $326,000 after acquiring an additional 4,205 shares in the last quarter. Institutional investors and hedge funds own 28.98% of the company’s stock.

Shares of SFL traded down $0.03 during midday trading on Tuesday, hitting $12.72. 405,354 shares of the stock traded hands, compared to its average volume of 558,957. Ship Finance International has a 1-year low of $10.31 and a 1-year high of $15.65. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 12.35 and a beta of 1.40. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.00 and a current ratio of 1.02.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 12th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.01%. The ex-dividend date was Monday, March 11th. Ship Finance International’s dividend payout ratio is currently 135.92%.

About Ship Finance International

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 support vessels.

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