Wall Street brokerages expect Ship Finance International Limited (NYSE:SFL) to report earnings per share of $0.31 for the current quarter, according to Zacks. Two analysts have issued estimates for Ship Finance International’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.29. Ship Finance International also reported earnings per share of $0.31 in the same quarter last year. The company is scheduled to issue its next earnings report on Wednesday, November 28th.

On average, analysts expect that Ship Finance International will report full year earnings of $1.11 per share for the current financial year. For the next financial year, analysts expect that the firm will report earnings of $1.34 per share, with EPS estimates ranging from $1.22 to $1.46. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Ship Finance International.

Ship Finance International (NYSE:SFL) last posted its earnings results on Wednesday, August 22nd. The shipping company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.10. Ship Finance International had a return on equity of 9.40% and a net margin of 23.55%. The firm had revenue of $96.80 million during the quarter, compared to analyst estimates of $101.65 million. During the same period in the previous year, the company earned $0.35 EPS.

SFL has been the subject of several analyst reports. Nordea Equity Research upgraded Ship Finance International from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. Seaport Global Securities upgraded Ship Finance International from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a report on Friday, June 1st. TheStreet lowered Ship Finance International from a “b” rating to a “c+” rating in a report on Thursday, August 23rd. Zacks Investment Research upgraded Ship Finance International from a “sell” rating to a “hold” rating in a report on Thursday, May 31st. Finally, ValuEngine lowered Ship Finance International from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.13.

Hedge funds have recently modified their holdings of the company. Archford Capital Strategies LLC acquired a new position in shares of Ship Finance International during the first quarter worth approximately $112,000. Cullen Frost Bankers Inc. acquired a new position in shares of Ship Finance International during the first quarter worth approximately $147,000. Amalgamated Bank acquired a new position in shares of Ship Finance International during the second quarter worth approximately $169,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ship Finance International during the first quarter worth approximately $210,000. Finally, Trilogy Capital Inc. acquired a new position in shares of Ship Finance International during the second quarter worth approximately $219,000. Institutional investors own 31.11% of the company’s stock.

SFL traded up $0.07 on Tuesday, hitting $13.92. The company had a trading volume of 12,647 shares, compared to its average volume of 904,188. Ship Finance International has a 1-year low of $13.50 and a 1-year high of $15.98. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.66 and a current ratio of 0.50. The firm has a market cap of $1.69 billion, a P/E ratio of 11.70 and a beta of 1.20.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Friday, September 14th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.06%. Ship Finance International’s dividend payout ratio (DPR) is presently 117.65%.

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

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