Ship Finance International Limited (NYSE:SFL) – Equities research analysts at Jefferies Financial Group cut their Q3 2019 EPS estimates for shares of Ship Finance International in a research report issued to clients and investors on Monday, June 3rd, Zacks Investment Research reports. Jefferies Financial Group analyst R. Giveans now expects that the shipping company will post earnings of $0.20 per share for the quarter, down from their previous estimate of $0.25. Jefferies Financial Group also issued estimates for Ship Finance International’s Q4 2019 earnings at $0.18 EPS and FY2020 earnings at $1.13 EPS.
Ship Finance International (NYSE:SFL) last released its quarterly earnings results on Tuesday, May 21st. The shipping company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. Ship Finance International had a return on equity of 9.35% and a net margin of 18.64%. The business had revenue of $116.54 million during the quarter, compared to the consensus estimate of $116.35 million. During the same quarter in the previous year, the company posted $0.24 EPS.
Other research analysts also recently issued research reports about the stock. TheStreet raised shares of Ship Finance International from a “c” rating to a “b-” rating in a research note on Tuesday, May 21st. Zacks Investment Research raised shares of Ship Finance International from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Thursday, May 2nd. ValuEngine raised shares of Ship Finance International from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Finally, B. Riley set a $14.00 price objective on shares of Ship Finance International and gave the company a “hold” rating in a research note on Thursday, March 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Ship Finance International currently has an average rating of “Hold” and an average price target of $13.00.
SFL stock traded down $0.01 during trading on Wednesday, hitting $12.34. The stock had a trading volume of 361,000 shares, compared to its average volume of 618,242. Ship Finance International has a 1-year low of $10.31 and a 1-year high of $15.15. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 11.98 and a beta of 1.32. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 1.99.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.35%. The ex-dividend date of this dividend is Monday, June 10th. Ship Finance International’s payout ratio is currently 135.92%.
Several large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Ship Finance International by 63.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 9,911 shares of the shipping company’s stock worth $122,000 after acquiring an additional 3,836 shares during the period. Baillie Gifford & Co. boosted its holdings in Ship Finance International by 21.7% in the 4th quarter. Baillie Gifford & Co. now owns 10,100 shares of the shipping company’s stock worth $106,000 after acquiring an additional 1,800 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in Ship Finance International in the 1st quarter worth approximately $146,000. Keybank National Association OH boosted its holdings in Ship Finance International by 18.0% in the 1st quarter. Keybank National Association OH now owns 12,000 shares of the shipping company’s stock worth $148,000 after acquiring an additional 1,830 shares during the period. Finally, Pitcairn Co. purchased a new position in shares of Ship Finance International during the 4th quarter valued at approximately $133,000. Institutional investors and hedge funds own 28.38% of the company’s stock.
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.