Ship Finance International Limited (NYSE:SFL) – Research analysts at Jefferies Group lifted their Q3 2017 earnings estimates for shares of Ship Finance International Limited in a research report issued on Wednesday. Jefferies Group analyst D. Mavrinac now anticipates that the shipping company will earn $0.32 per share for the quarter, up from their previous estimate of $0.31. Jefferies Group has a “Hold” rating and a $15.00 price objective on the stock.

Ship Finance International Limited (NYSE:SFL) last issued its quarterly earnings results on Wednesday, August 30th. The shipping company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The company had revenue of $94.22 million for the quarter, compared to the consensus estimate of $95.70 million. Ship Finance International Limited had a return on equity of 11.26% and a net margin of 29.59%. ILLEGAL ACTIVITY WARNING: “Jefferies Group Weighs in on Ship Finance International Limited’s Q3 2017 Earnings (SFL)” was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/09/15/jefferies-group-weighs-in-on-ship-finance-international-limiteds-q3-2017-earnings-sfl.html.

A number of other brokerages have also recently issued reports on SFL. Zacks Investment Research raised shares of Ship Finance International Limited from a “strong sell” rating to a “hold” rating in a report on Friday. ValuEngine cut shares of Ship Finance International Limited from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub raised shares of Ship Finance International Limited from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.50.

Shares of Ship Finance International Limited (NYSE:SFL) opened at 14.50 on Friday. The stock has a 50 day moving average price of $13.56 and a 200 day moving average price of $13.76. The firm has a market capitalization of $1.36 billion, a P/E ratio of 10.50 and a beta of 1.36. Ship Finance International Limited has a 12 month low of $12.07 and a 12 month high of $16.10.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.66%. Ship Finance International Limited’s payout ratio is 146.34%.

Hedge funds have recently modified their holdings of the company. PARK CIRCLE Co bought a new stake in shares of Ship Finance International Limited in the 2nd quarter valued at about $408,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Ship Finance International Limited by 6.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 49,149 shares of the shipping company’s stock valued at $722,000 after purchasing an additional 3,016 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Ship Finance International Limited by 40.3% in the 1st quarter. Ameriprise Financial Inc. now owns 14,457 shares of the shipping company’s stock valued at $212,000 after purchasing an additional 4,150 shares during the period. Oxford Asset Management bought a new stake in shares of Ship Finance International Limited in the 1st quarter valued at about $1,513,000. Finally, Bowling Portfolio Management LLC raised its holdings in shares of Ship Finance International Limited by 82.2% in the 2nd quarter. Bowling Portfolio Management LLC now owns 57,124 shares of the shipping company’s stock valued at $777,000 after purchasing an additional 25,779 shares during the period. 24.33% of the stock is currently owned by institutional investors.

Ship Finance International Limited Company Profile

Ship Finance International Limited is a holding, and international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. Its assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.

Earnings History and Estimates for Ship Finance International Limited (NYSE:SFL)

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