Analysts predict that Ship Finance International Limited (NYSE:SFL) will announce $101.65 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Ship Finance International’s earnings. The highest sales estimate is $107.79 million and the lowest is $95.50 million. Ship Finance International posted sales of $94.22 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.9%. The business is scheduled to announce its next quarterly earnings report on Wednesday, August 29th.
According to Zacks, analysts expect that Ship Finance International will report full-year sales of $429.64 million for the current fiscal year, with estimates ranging from $406.90 million to $452.37 million. For the next fiscal year, analysts forecast that the firm will post sales of $476.33 million per share, with estimates ranging from $454.20 million to $498.46 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Ship Finance International.
Ship Finance International (NYSE:SFL) last issued its quarterly earnings data on Thursday, May 31st. The shipping company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $92.30 million during the quarter, compared to analysts’ expectations of $92.12 million. Ship Finance International had a return on equity of 9.27% and a net margin of 24.87%. Ship Finance International’s revenue for the quarter was down 4.7% compared to the same quarter last year.
SFL stock traded down $0.10 during midday trading on Tuesday, reaching $14.75. 283,777 shares of the company’s stock traded hands, compared to its average volume of 643,341. The firm has a market capitalization of $1.82 billion, a PE ratio of 12.39 and a beta of 1.23. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.89. Ship Finance International has a 52 week low of $12.85 and a 52 week high of $15.98.
Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of Ship Finance International by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 125,068 shares of the shipping company’s stock valued at $1,938,000 after buying an additional 3,452 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of Ship Finance International by 1.1% in the 1st quarter. Guggenheim Capital LLC now owns 655,925 shares of the shipping company’s stock valued at $9,380,000 after buying an additional 6,885 shares in the last quarter. SG Americas Securities LLC increased its position in Ship Finance International by 34.9% during the 1st quarter. SG Americas Securities LLC now owns 26,874 shares of the shipping company’s stock worth $384,000 after purchasing an additional 6,952 shares in the last quarter. Synovus Financial Corp acquired a new position in Ship Finance International during the 1st quarter worth approximately $100,000. Finally, Archford Capital Strategies LLC acquired a new position in Ship Finance International during the 1st quarter worth approximately $112,000. Institutional investors and hedge funds own 23.69% of the company’s stock.
About Ship Finance International
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.
Read More: Diversification
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ship Finance International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ship Finance International and related companies with MarketBeat.com's FREE daily email newsletter.