$0.26 Earnings Per Share Expected for Ship Finance International Limited (SFL) This Quarter

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Equities research analysts predict that Ship Finance International Limited (NYSE:SFL) will report earnings of $0.26 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Ship Finance International’s earnings. The lowest EPS estimate is $0.23 and the highest is $0.29. Ship Finance International reported earnings of $0.24 per share in the same quarter last year, which would indicate a positive year over year growth rate of 8.3%. The firm is expected to issue its next quarterly earnings results on Thursday, May 30th.

On average, analysts expect that Ship Finance International will report full-year earnings of $1.09 per share for the current year, with EPS estimates ranging from $0.97 to $1.25. For the next year, analysts anticipate that the business will post earnings of $1.22 per share, with EPS estimates ranging from $1.02 to $1.40. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Ship Finance International.

SFL has been the topic of a number of research reports. Pareto Securities upgraded shares of Ship Finance International from a “hold” rating to a “buy” rating in a research report on Thursday, January 31st. UBS Group upgraded shares of Ship Finance International from a “sell” rating to a “buy” rating in a research report on Thursday, November 29th. B. Riley set a $14.00 target price on shares of Ship Finance International and gave the stock a “hold” rating in a research report on Thursday, March 7th. Zacks Investment Research lowered shares of Ship Finance International from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, Citigroup initiated coverage on shares of Ship Finance International in a research report on Thursday, December 27th. They set a “neutral” rating and a $11.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $14.25.

Several hedge funds and other institutional investors have recently modified their holdings of SFL. Baillie Gifford & Co. lifted its holdings in shares of Ship Finance International by 21.7% during the fourth quarter. Baillie Gifford & Co. now owns 10,100 shares of the shipping company’s stock worth $106,000 after purchasing an additional 1,800 shares during the period. Pitcairn Co. acquired a new stake in shares of Ship Finance International during the fourth quarter worth $133,000. M&T Bank Corp lifted its holdings in shares of Ship Finance International by 50.0% during the fourth quarter. M&T Bank Corp now owns 18,000 shares of the shipping company’s stock worth $190,000 after purchasing an additional 6,000 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Ship Finance International by 12.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 18,098 shares of the shipping company’s stock worth $191,000 after purchasing an additional 1,972 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in shares of Ship Finance International during the fourth quarter worth $197,000. 27.72% of the stock is owned by hedge funds and other institutional investors.

Shares of SFL opened at $12.12 on Friday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.60 and a current ratio of 1.02. The company has a market cap of $1.52 billion, a PE ratio of 11.77 and a beta of 1.40. Ship Finance International has a 12-month low of $10.31 and a 12-month high of $15.65.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Tuesday, March 12th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 11.55%. The ex-dividend date of this dividend is Monday, March 11th. Ship Finance International’s dividend payout ratio is presently 135.92%.

Ship Finance International Company Profile

Ship Finance International Limited owns and operates vessels and offshore related assets primarily in Bermuda, Cyprus, Malta, Liberia, Norway, the United Kingdom, and the Marshall Islands. It is also involved in the charter, purchase, and sale of assets. In addition, the company operates in various sectors of the shipping and offshore industry, including oil transportation, dry bulk shipments, chemical transportation, oil product transportation, container transportation, car transportation, drilling rigs, and offshore supply vessels.

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