Ship Finance International Limited (NYSE:SFL) – Equities research analysts at Seaport Global Securities increased their Q3 2017 EPS estimates for Ship Finance International Limited in a research note issued to investors on Thursday. Seaport Global Securities analyst M. Fyhr now forecasts that the shipping company will post earnings per share of $0.28 for the quarter, up from their previous forecast of $0.27. Seaport Global Securities also issued estimates for Ship Finance International Limited’s Q4 2017 earnings at $0.30 EPS, FY2017 earnings at $1.24 EPS, Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.24 EPS and FY2019 earnings at $1.41 EPS.

Several other equities analysts have also commented on SFL. Zacks Investment Research raised shares of Ship Finance International Limited from a “strong sell” rating to a “hold” rating in a research report on Friday, September 15th. BidaskClub raised shares of Ship Finance International Limited from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Jefferies Group LLC raised shares of Ship Finance International Limited to a “hold” rating and set a $15.00 price objective for the company in a research report on Monday, June 5th. Finally, ValuEngine lowered shares of Ship Finance International Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.50.

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Shares of Ship Finance International Limited (SFL) opened at 14.20 on Monday. The company has a market cap of $1.33 billion, a PE ratio of 11.73 and a beta of 1.36. The firm’s 50 day moving average is $13.62 and its 200-day moving average is $13.73. Ship Finance International Limited has a 1-year low of $12.07 and a 1-year high of $16.10.

Ship Finance International Limited (NYSE:SFL) last posted its earnings results on Wednesday, August 30th. The shipping company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The firm had revenue of $94.22 million for the quarter, compared to analysts’ expectations of $95.70 million. Ship Finance International Limited had a net margin of 29.59% and a return on equity of 11.26%.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 9.86%. The ex-dividend date is Thursday, September 14th. Ship Finance International Limited’s dividend payout ratio is presently 113.82%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new position in Ship Finance International Limited during the 1st quarter worth approximately $124,000. Raymond James Financial Services Advisors Inc. purchased a new position in Ship Finance International Limited during the 2nd quarter worth approximately $145,000. Stifel Financial Corp raised its position in Ship Finance International Limited by 2.1% during the 2nd quarter. Stifel Financial Corp now owns 11,019 shares of the shipping company’s stock worth $150,000 after buying an additional 226 shares during the last quarter. Geneva Advisors LLC raised its position in Ship Finance International Limited by 3.2% during the 2nd quarter. Geneva Advisors LLC now owns 12,735 shares of the shipping company’s stock worth $173,000 after buying an additional 400 shares during the last quarter. Finally, QS Investors LLC purchased a new position in Ship Finance International Limited during the 2nd quarter worth approximately $174,000. 26.41% of the stock is owned by institutional investors.

About Ship Finance International Limited

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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