-$0.01 EPS Expected for International Seaways Inc (INSW) This Quarter

Analysts predict that International Seaways Inc (NYSE:INSW) will announce earnings of ($0.01) per share for the current quarter, according to Zacks. Three analysts have made estimates for International Seaways’ earnings. The highest EPS estimate is $0.47 and the lowest is ($0.33). International Seaways posted earnings per share of $0.27 in the same quarter last year, which indicates a negative year-over-year growth rate of 103.7%. The business is scheduled to announce its next earnings results on Wednesday, April 4th.

According to Zacks, analysts expect that International Seaways will report full year earnings of ($0.04) per share for the current year, with EPS estimates ranging from ($0.13) to $0.02. For the next financial year, analysts expect that the business will report earnings of $1.45 per share, with EPS estimates ranging from $1.35 to $1.56. Zacks’ EPS calculations are an average based on a survey of research analysts that follow International Seaways.

Separately, Zacks Investment Research lowered shares of International Seaways from a “hold” rating to a “strong sell” rating in a report on Friday, October 20th.

International Seaways (NYSE INSW) opened at $18.87 on Wednesday. The stock has a market cap of $568.13 and a PE ratio of -7.52. The company has a quick ratio of 3.74, a current ratio of 3.78 and a debt-to-equity ratio of 0.44. International Seaways has a 1-year low of $13.72 and a 1-year high of $23.43.

A number of large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc increased its stake in shares of International Seaways by 61.7% during the 2nd quarter. Legal & General Group Plc now owns 6,350 shares of the transportation company’s stock valued at $138,000 after acquiring an additional 2,424 shares during the last quarter. Goldman Sachs Group Inc. increased its position in International Seaways by 20.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 35,965 shares of the transportation company’s stock worth $779,000 after purchasing an additional 6,019 shares in the last quarter. Leisure Capital Management acquired a new stake in International Seaways during the 2nd quarter worth approximately $208,000. Wells Fargo & Company MN increased its position in International Seaways by 44.2% during the 3rd quarter. Wells Fargo & Company MN now owns 32,463 shares of the transportation company’s stock worth $639,000 after purchasing an additional 9,945 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new stake in International Seaways during the 3rd quarter worth approximately $199,000. 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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