International Seaways Inc. (NYSE:INSW) Expected to Announce Quarterly Sales of $74.59 Million
Equities research analysts predict that International Seaways Inc. (NYSE:INSW) will report sales of $74.59 million for the current quarter, according to Zacks. Three analysts have made estimates for International Seaways’ earnings, with the highest sales estimate coming in at $79.77 million and the lowest estimate coming in at $66.60 million. The firm is expected to announce its next earnings report on Wednesday, August 9th.
On average, analysts expect that International Seaways will report full year sales of $74.59 million for the current year, with estimates ranging from $292.40 million to $331.42 million. For the next financial year, analysts expect that the business will post sales of $306.85 million per share, with estimates ranging from $299.11 million to $320.53 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover International Seaways.
International Seaways (NYSE:INSW) last released its quarterly earnings results on Wednesday, May 10th. The transportation company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by $0.01. The firm had revenue of $84.10 million for the quarter, compared to analyst estimates of $85 million. The company’s revenue for the quarter was down 32.6% compared to the same quarter last year.
A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of International Seaways from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 30th. J P Morgan Chase & Co assumed coverage on shares of International Seaways in a report on Tuesday, June 13th. They issued an “overweight” rating and a $30.00 target price on the stock.
Shares of International Seaways (NYSE:INSW) opened at 21.60 on Friday. The firm’s market capitalization is $630.89 million. The stock has a 50 day moving average of $20.35 and a 200 day moving average of $18.42. International Seaways has a 52-week low of $9.00 and a 52-week high of $21.86.
International Seaways Company Profile
International Seaways, Inc and its subsidiaries own and operate a fleet of oceangoing vessels. The Company’s oceangoing vessels engage in the transportation of crude oil and petroleum products in the International Flag trades. The Company’s segments are International Crude Tankers and International Product Carriers.
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