Ship Finance International (NYSE:SFL) issued its earnings results on Tuesday. The shipping company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.08, Morningstar.com reports. Ship Finance International had a net margin of 23.55% and a return on equity of 9.40%. The firm had revenue of $111.00 million during the quarter, compared to the consensus estimate of $114.96 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The business’s quarterly revenue was up 18.5% on a year-over-year basis.

Shares of SFL traded up $0.32 during trading hours on Wednesday, hitting $12.48. The company had a trading volume of 9,830 shares, compared to its average volume of 811,122. The firm has a market capitalization of $1.48 billion, a PE ratio of 10.49 and a beta of 1.21. Ship Finance International has a 12 month low of $11.50 and a 12 month high of $15.98. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.49.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Wednesday, December 12th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 11.22%. The ex-dividend date is Tuesday, December 11th. Ship Finance International’s payout ratio is presently 117.65%.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in Ship Finance International by 51.0% in the 2nd quarter. BlackRock Inc. now owns 4,217,374 shares of the shipping company’s stock worth $63,049,000 after buying an additional 1,425,028 shares in the last quarter. Northern Trust Corp boosted its position in Ship Finance International by 9.8% in the second quarter. Northern Trust Corp now owns 3,633,177 shares of the shipping company’s stock worth $54,315,000 after purchasing an additional 323,699 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Ship Finance International by 26.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,321,195 shares of the shipping company’s stock worth $46,164,000 after purchasing an additional 693,778 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Ship Finance International by 7.8% in the third quarter. Bank of New York Mellon Corp now owns 3,224,434 shares of the shipping company’s stock worth $44,819,000 after purchasing an additional 234,378 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in Ship Finance International by 1.8% in the third quarter. Allianz Asset Management GmbH now owns 1,706,859 shares of the shipping company’s stock worth $23,726,000 after purchasing an additional 30,181 shares during the last quarter. 32.06% of the stock is currently owned by institutional investors.

Several research analysts recently commented on SFL shares. Nordea Equity Research upgraded shares of Ship Finance International from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. TheStreet lowered shares of Ship Finance International from a “b” rating to a “c+” rating in a research report on Thursday, August 23rd. Zacks Investment Research raised shares of Ship Finance International from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th. Finally, ValuEngine lowered shares of Ship Finance International from a “hold” rating to a “sell” rating in a research report on Thursday, September 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.38.

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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 for Ship Finance International (NYSE:SFL)

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