Analysts expect that Ship Finance International Limited (NYSE:SFL) will report earnings of $0.31 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Ship Finance International’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.29. Ship Finance International also posted earnings of $0.31 per share in the same quarter last year. The firm is expected to announce its next earnings report on Wednesday, November 28th.

On average, analysts expect that Ship Finance International will report full year earnings of $1.11 per share for the current financial year. For the next year, analysts expect that the company will post earnings of $1.34 per share, with EPS estimates ranging from $1.22 to $1.46. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Ship Finance International.

Ship Finance International (NYSE:SFL) last issued its quarterly earnings data on Wednesday, August 22nd. The shipping company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.10. Ship Finance International had a return on equity of 9.40% and a net margin of 23.55%. The firm had revenue of $96.80 million during the quarter, compared to the consensus estimate of $101.65 million. During the same period in the previous year, the firm posted $0.35 EPS.

Several analysts have commented on SFL shares. Zacks Investment Research raised shares of Ship Finance International from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. Seaport Global Securities raised shares of Ship Finance International from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Friday, June 1st. Nordea Equity Research raised shares of Ship Finance International from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, TheStreet cut shares of Ship Finance International from a “b” rating to a “c+” rating in a research note on Thursday, August 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $16.13.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its stake in Ship Finance International by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,990,056 shares of the shipping company’s stock worth $44,702,000 after acquiring an additional 58,348 shares during the period. Advisors Asset Management Inc. grew its stake in Ship Finance International by 2.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 181,421 shares of the shipping company’s stock worth $2,712,000 after acquiring an additional 4,053 shares during the period. Trilogy Capital Inc. purchased a new stake in Ship Finance International in the 2nd quarter worth approximately $219,000. Bramshill Investments LLC purchased a new stake in Ship Finance International in the 2nd quarter worth approximately $894,000. Finally, MetLife Investment Advisors LLC grew its stake in shares of Ship Finance International by 35.6% during the 2nd quarter. MetLife Investment Advisors LLC now owns 38,547 shares of the shipping company’s stock valued at $576,000 after buying an additional 10,119 shares during the period. 31.12% of the stock is owned by hedge funds and other institutional investors.

Shares of Ship Finance International stock traded down $0.25 during trading on Friday, hitting $13.85. 1,461,152 shares of the company were exchanged, compared to its average volume of 738,420. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.66. Ship Finance International has a fifty-two week low of $13.15 and a fifty-two week high of $15.98. The company has a market capitalization of $1.73 billion, a P/E ratio of 11.64 and a beta of 1.20.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Friday, September 14th will be paid a $0.35 dividend. The ex-dividend date is Thursday, September 13th. This represents a $1.40 annualized dividend and a yield of 10.11%. Ship Finance International’s payout ratio is currently 117.65%.

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

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