Analysts forecast that Seaspan Co. (NYSE:SSW) will report sales of $218.55 million for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Seaspan’s earnings. The lowest sales estimate is $214.22 million and the highest is $225.20 million. Seaspan reported sales of $213.19 million in the same quarter last year, which indicates a positive year over year growth rate of 2.5%. The company is scheduled to announce its next quarterly earnings report on Tuesday, February 27th.

On average, analysts expect that Seaspan will report full-year sales of $218.55 million for the current financial year, with estimates ranging from $831.16 million to $842.10 million. For the next fiscal year, analysts expect that the company will report sales of $898.89 million per share, with estimates ranging from $859.50 million to $917.71 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Seaspan.

Seaspan (NYSE:SSW) last released its quarterly earnings results on Tuesday, October 31st. The shipping company reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. Seaspan had a net margin of 14.23% and a return on equity of 7.14%. The business had revenue of $211.01 million for the quarter, compared to the consensus estimate of $212.46 million. During the same period in the prior year, the company posted $0.29 earnings per share.

Separately, ValuEngine downgraded shares of Seaspan from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Four analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Seaspan presently has an average rating of “Hold” and a consensus target price of $6.25.

Seaspan (NYSE SSW) traded down $0.05 during mid-day trading on Friday, hitting $5.87. 896,317 shares of the company traded hands, compared to its average volume of 1,297,061. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.19 and a quick ratio of 1.19. Seaspan has a fifty-two week low of $5.02 and a fifty-two week high of $11.76. The firm has a market capitalization of $726.54, a P/E ratio of 8.44, a PEG ratio of 1.78 and a beta of 0.60.

A number of institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its stake in Seaspan by 3.9% during the second quarter. Wells Fargo & Company MN now owns 36,101 shares of the shipping company’s stock worth $258,000 after buying an additional 1,339 shares in the last quarter. Bank of America Corp DE grew its stake in Seaspan by 9.3% during the first quarter. Bank of America Corp DE now owns 20,822 shares of the shipping company’s stock worth $144,000 after buying an additional 1,775 shares in the last quarter. Shell Asset Management Co. grew its stake in Seaspan by 4.8% during the second quarter. Shell Asset Management Co. now owns 58,350 shares of the shipping company’s stock worth $417,000 after buying an additional 2,668 shares in the last quarter. Royal Bank of Canada grew its stake in Seaspan by 8.6% during the second quarter. Royal Bank of Canada now owns 70,307 shares of the shipping company’s stock worth $501,000 after buying an additional 5,577 shares in the last quarter. Finally, First Allied Advisory Services Inc. grew its stake in Seaspan by 42.4% during the second quarter. First Allied Advisory Services Inc. now owns 24,727 shares of the shipping company’s stock worth $174,000 after buying an additional 7,366 shares in the last quarter. Hedge funds and other institutional investors own 14.40% of the company’s stock.

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Seaspan Company Profile

Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.

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Earnings History and Estimates for Seaspan (NYSE:SSW)

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