Equities research analysts expect Ship Finance International Limited (NYSE:SFL) to announce $97.50 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Ship Finance International Limited’s earnings, with the highest sales estimate coming in at $101.30 million and the lowest estimate coming in at $93.70 million. Ship Finance International Limited reported sales of $93.53 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.2%. The company is scheduled to announce its next earnings report on Tuesday, December 5th.

On average, analysts expect that Ship Finance International Limited will report full-year sales of $97.50 million for the current fiscal year, with estimates ranging from $380.60 million to $397.13 million. For the next financial year, analysts expect that the company will post sales of $409.15 million per share, with estimates ranging from $399.30 million to $419.00 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Ship Finance International Limited.

Ship Finance International Limited (NYSE:SFL) last posted its quarterly earnings data on Wednesday, August 30th. The shipping company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. The company had revenue of $94.22 million during the quarter, compared to analysts’ expectations of $95.70 million. Ship Finance International Limited had a net margin of 29.59% and a return on equity of 11.26%.

A number of equities research analysts recently issued reports on SFL shares. Zacks Investment Research raised shares of Ship Finance International Limited from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Clarkson Capital raised shares of Ship Finance International Limited from a “neutral” rating to a “buy” rating in a report on Tuesday, October 17th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Ship Finance International Limited currently has an average rating of “Hold” and a consensus target price of $16.00.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its holdings in shares of Ship Finance International Limited by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 45,661 shares of the shipping company’s stock valued at $621,000 after purchasing an additional 196 shares during the period. Stifel Financial Corp boosted its stake in Ship Finance International Limited by 2.1% during the second quarter. Stifel Financial Corp now owns 11,019 shares of the shipping company’s stock worth $150,000 after buying an additional 226 shares during the period. Advisory Services Network LLC boosted its stake in Ship Finance International Limited by 0.4% during the second quarter. Advisory Services Network LLC now owns 80,160 shares of the shipping company’s stock worth $1,090,000 after buying an additional 288 shares during the period. Geneva Advisors LLC boosted its stake in Ship Finance International Limited by 3.2% during the second quarter. Geneva Advisors LLC now owns 12,735 shares of the shipping company’s stock worth $173,000 after buying an additional 400 shares during the period. Finally, LVM Capital Management Ltd. MI boosted its stake in Ship Finance International Limited by 0.5% during the second quarter. LVM Capital Management Ltd. MI now owns 164,600 shares of the shipping company’s stock worth $2,239,000 after buying an additional 800 shares during the period. 26.40% of the stock is owned by hedge funds and other institutional investors.

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Shares of Ship Finance International Limited (NYSE:SFL) remained flat at $$14.95 during midday trading on Wednesday. 481,807 shares of the stock traded hands, compared to its average volume of 794,540. The firm has a market capitalization of $1,397.90, a price-to-earnings ratio of 10.91 and a beta of 1.40. Ship Finance International Limited has a fifty-two week low of $12.07 and a fifty-two week high of $16.10.

About Ship Finance International Limited

Ship Finance International Limited is a holding, and international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. Its assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.

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Earnings History and Estimates for Ship Finance International Limited (NYSE:SFL)

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