International Seaways (NYSE:INSW) released its earnings results on Thursday. The transportation company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.03, Briefing.com reports. International Seaways had a negative net margin of 36.57% and a negative return on equity of 0.10%. The business had revenue of $69.40 million for the quarter, compared to the consensus estimate of $66.17 million. During the same period in the previous year, the firm earned ($1.98) EPS. The business’s revenue for the quarter was down 19.1% on a year-over-year basis.
Shares of International Seaways (NYSE:INSW) opened at $18.55 on Friday. International Seaways has a fifty-two week low of $15.23 and a fifty-two week high of $23.43. The company has a quick ratio of 3.74, a current ratio of 3.78 and a debt-to-equity ratio of 0.44. The company has a market cap of $511.11, a P/E ratio of -5.08 and a beta of -0.14.
A number of analysts recently commented on INSW shares. ValuEngine downgraded shares of International Seaways from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Pareto Securities started coverage on shares of International Seaways in a report on Tuesday, January 16th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research downgraded shares of International Seaways from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th.
About International Seaways
International Seaways, Inc and its subsidiaries own and operate a fleet of oceangoing vessels. The Company’s oceangoing vessels engage in the transportation of crude oil and petroleum products in the International Flag trades. The Company’s segments are International Crude Tankers and International Product Carriers.
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