Zacks: Brokerages Anticipate Ship Finance International Limited (NYSE:SFL) to Announce $0.19 EPS

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Wall Street brokerages expect Ship Finance International Limited (NYSE:SFL) to announce earnings of $0.19 per share for the current quarter, according to Zacks. Two analysts have made estimates for Ship Finance International’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.23. Ship Finance International posted earnings of $0.31 per share during the same quarter last year, which indicates a negative year over year growth rate of 38.7%. The business is scheduled to issue its next earnings report before the market opens on Saturday, August 31st.

According to Zacks, analysts expect that Ship Finance International will report full-year earnings of $0.83 per share for the current financial year. For the next year, analysts expect that the business will post earnings of $0.94 per share, with EPS estimates ranging from $0.74 to $1.13. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Ship Finance International.

Ship Finance International (NYSE:SFL) last issued its quarterly earnings results on Tuesday, May 21st. The shipping company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $116.54 million during the quarter, compared to analyst estimates of $116.35 million. Ship Finance International had a net margin of 18.64% and a return on equity of 9.35%. During the same quarter in the previous year, the firm earned $0.24 earnings per share.

A number of brokerages recently issued reports on SFL. ValuEngine upgraded shares of Ship Finance International from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Zacks Investment Research upgraded shares of Ship Finance International from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Wednesday, July 31st. Finally, TheStreet upgraded shares of Ship Finance International from a “c” rating to a “b-” rating in a research note on Tuesday, May 21st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $13.33.

Hedge funds have recently added to or reduced their stakes in the business. Manchester Financial Inc. bought a new stake in Ship Finance International during the second quarter valued at $25,000. Joseph P. Lucia & Associates LLC acquired a new position in shares of Ship Finance International during the second quarter valued at $41,000. Baldwin Brothers Inc. MA boosted its holdings in shares of Ship Finance International by 416.7% during the second quarter. Baldwin Brothers Inc. MA now owns 6,200 shares of the shipping company’s stock valued at $78,000 after acquiring an additional 5,000 shares during the period. Quantamental Technologies LLC acquired a new position in shares of Ship Finance International during the second quarter valued at $92,000. Finally, Aperio Group LLC acquired a new position in shares of Ship Finance International during the second quarter valued at $103,000. Hedge funds and other institutional investors own 28.47% of the company’s stock.

Shares of NYSE:SFL traded down $0.10 during midday trading on Thursday, reaching $12.49. The company had a trading volume of 529,266 shares, compared to its average volume of 584,067. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.32 and a quick ratio of 1.29. The company’s fifty day simple moving average is $12.82. The stock has a market cap of $1.50 billion, a PE ratio of 12.13 and a beta of 1.28. Ship Finance International has a one year low of $10.31 and a one year high of $14.85.

About Ship Finance International

Ship Finance International Ltd. engages in the ownership and operation of vessels and offshore related assets. It also involves in the charter, purchase, and sale of assets. Its assets include oil tankers, dry bulk carriers, container vessels, car carriers, jack-up drilling rig, ultra-deepwater drilling units, offshore supply vessels, and chemical tankers.

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