Positive Press Coverage Somewhat Unlikely to Affect Seaspan (SSW) Share Price
Press coverage about Seaspan (NYSE:SSW) has trended positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Seaspan earned a coverage optimism score of 0.27 on Accern’s scale. Accern also gave news coverage about the shipping company an impact score of 46.1551474484066 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern’s rankings:
- Seaspan Co. (SSW) Expected to Post Earnings of $0.20 Per Share (americanbankingnews.com)
- Seaspan Corporation (SSW) – Well known Mover to Watch – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Why 2017 Was a Year to Forget for Seaspan Corporation (finance.yahoo.com)
- Seaspan Co. (SSW) Announces $0.13 Quarterly Dividend (americanbankingnews.com)
- Seaspan Corporation, (NYSE: SSW) – Intraday Trade Secrets – Stock Watch (stocksnewstimes.com)
Several equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Seaspan from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. ValuEngine lowered shares of Seaspan from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Jefferies Group started coverage on shares of Seaspan in a report on Monday, December 18th. They issued a “buy” rating and a $20.00 price objective for the company. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $8.21.
Shares of Seaspan (NYSE:SSW) opened at $7.29 on Friday. The firm has a market cap of $902.92, a P/E ratio of 15.85, a PEG ratio of 1.40 and a beta of 0.60. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.57. Seaspan has a 1-year low of $5.02 and a 1-year high of $11.76.
Seaspan (NYSE:SSW) last announced its quarterly earnings data on Tuesday, October 31st. The shipping company reported $0.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.18. The firm had revenue of $211.01 million during the quarter, compared to analyst estimates of $212.46 million. Seaspan had a net margin of 14.23% and a return on equity of 7.14%. During the same period in the previous year, the business posted $0.29 EPS. research analysts predict that Seaspan will post 0.71 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Monday, January 22nd will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 6.86%. The ex-dividend date of this dividend is Friday, January 19th. Seaspan’s payout ratio is 108.70%.
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Seaspan 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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