Seaspan (NYSE:SSW) posted its quarterly earnings data on Tuesday. The shipping company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.04), RTT News reports. The firm had revenue of $214.38 million during the quarter, compared to analysts’ expectations of $217.56 million. Seaspan had a net margin of 14.23% and a return on equity of 7.14%. During the same quarter last year, the business posted $0.21 EPS.
Shares of Seaspan (NYSE SSW) traded up $0.03 during mid-day trading on Thursday, hitting $6.18. 1,794,144 shares of the stock traded hands, compared to its average volume of 1,340,000. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.19 and a current ratio of 1.19. Seaspan has a 12 month low of $5.02 and a 12 month high of $8.91. The stock has a market cap of $764.91, a price-to-earnings ratio of 13.43, a P/E/G ratio of 1.36 and a beta of 0.51.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 30th. Stockholders of record on Monday, January 22nd were paid a dividend of $0.125 per share. The ex-dividend date was Friday, January 19th. This represents a $0.50 annualized dividend and a dividend yield of 8.09%. Seaspan’s payout ratio is currently 108.70%.
Several equities research analysts have commented on SSW shares. Seaport Global Securities upgraded shares of Seaspan from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Wednesday, January 24th. Jefferies Group started coverage on shares of Seaspan in a research note on Monday, December 18th. They issued a “buy” rating and a $20.00 price objective for the company. ValuEngine lowered shares of Seaspan from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of Seaspan from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Finally, Morgan Stanley raised their price target on shares of Seaspan from $5.50 to $6.00 and gave the stock an “underweight” rating in a research note on Monday, February 12th. Five research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $8.63.
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Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.
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