SFL (SFL) Expected to Announce Quarterly Earnings on Wednesday

SFL (NYSE:SFL) is projected to announce its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.17 per share and revenue of $218.18 million for the quarter.

SFL (NYSE:SFL) last released its quarterly earnings results on Wednesday, November 6th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The firm had revenue of $255.30 million during the quarter, compared to analysts’ expectations of $243.98 million. SFL had a return on equity of 14.61% and a net margin of 16.03%. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the business earned $0.23 earnings per share.

SFL Price Performance

NYSE SFL opened at $10.95 on Wednesday. The company has a market capitalization of $1.52 billion, a PE ratio of 9.86 and a beta of 0.66. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.50 and a current ratio of 0.50. The business’s fifty day moving average is $10.43 and its 200 day moving average is $10.99. SFL has a fifty-two week low of $9.64 and a fifty-two week high of $14.62.

Analyst Upgrades and Downgrades

Separately, Fearnley Fonds upgraded SFL from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st.

SFL Company Profile

SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, chemical transportation, oil products transportation, container transportation, car transportation, and drilling rigs.