International Seaways Inc (NYSE:INSW) has been given an average broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price objective of $27.00 for the company and are expecting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also assigned International Seaways an industry rank of 243 out of 265 based on the ratings given to its competitors.
INSW has been the subject of several analyst reports. Zacks Investment Research raised shares of International Seaways from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Pareto Securities assumed coverage on shares of International Seaways in a report on Tuesday, January 16th. They set a “buy” rating on the stock. Finally, ValuEngine downgraded shares of International Seaways from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd.
Shares of International Seaways (NYSE:INSW) traded up $0.98 during mid-day trading on Thursday, reaching $18.55. 264,077 shares of the company traded hands, compared to its average volume of 141,610. The stock has a market capitalization of $539.62, a price-to-earnings ratio of -5.08 and a beta of -0.14. The company has a current ratio of 3.78, a quick ratio of 3.74 and a debt-to-equity ratio of 0.44. International Seaways has a 12 month low of $15.23 and a 12 month high of $23.43.
International Seaways (NYSE:INSW) last posted its earnings results on Thursday, March 8th. The transportation company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.03. The company had revenue of $69.40 million during the quarter, compared to the consensus estimate of $66.17 million. International Seaways had a negative net margin of 36.57% and a negative return on equity of 0.10%. The firm’s quarterly revenue was down 19.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.98) earnings per share. analysts anticipate that International Seaways will post 0.21 EPS for the current fiscal year.
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About International Seaways
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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