International Seaways Inc (NYSE:INSW) to Post Q4 2018 Earnings of $0.23 Per Share, Seaport Global Securities Forecasts

International Seaways Inc (NYSE:INSW) – Equities researchers at Seaport Global Securities decreased their Q4 2018 EPS estimates for International Seaways in a research report issued to clients and investors on Thursday, Zacks Investment Research reports. Seaport Global Securities analyst M. Fyhr now anticipates that the transportation company will post earnings per share of $0.23 for the quarter, down from their prior estimate of $0.33. Seaport Global Securities also issued estimates for International Seaways’ FY2019 earnings at $0.58 EPS.

International Seaways (NYSE:INSW) last posted its earnings results on Thursday, November 9th. The transportation company reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.13). International Seaways had a negative net margin of 23.86% and a positive return on equity of 1.36%.

Other analysts also recently issued reports about the company. Pareto Securities assumed coverage on International Seaways in a research report on Tuesday. They issued a “buy” rating for the company. Zacks Investment Research downgraded International Seaways from a “hold” rating to a “sell” rating in a research report on Tuesday.

International Seaways (NYSE INSW) traded up $0.23 during midday trading on Monday, hitting $18.93. The stock had a trading volume of 282,400 shares, compared to its average volume of 188,319. 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 $550.67 and a P/E ratio of -7.54. International Seaways has a 52-week low of $15.82 and a 52-week high of $23.43.

Institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc lifted its position in International Seaways by 61.7% in the second quarter. Legal & General Group Plc now owns 6,350 shares of the transportation company’s stock worth $138,000 after buying an additional 2,424 shares during the last quarter. Macquarie Group Ltd. bought a new stake in International Seaways in the third quarter worth $199,000. Citadel Advisors LLC purchased a new stake in International Seaways in the second quarter worth $244,000. Voya Investment Management LLC purchased a new stake in International Seaways in the second quarter worth $292,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in International Seaways in the third quarter worth $325,000. Institutional investors own 86.33% of the company’s stock.

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International Seaways Company Profile

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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