Equities research analysts forecast that Seaspan Co. (NYSE:SSW) will post earnings of $0.20 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Seaspan’s earnings, with estimates ranging from $0.16 to $0.23. Seaspan reported earnings per share of $0.21 in the same quarter last year, which indicates a negative year-over-year growth rate of 4.8%. The company is scheduled to issue its next earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Seaspan will report full year earnings of $0.71 per share for the current year, with EPS estimates ranging from $0.65 to $0.74. For the next financial year, analysts expect that the firm will report earnings of $1.03 per share, with EPS estimates ranging from $0.72 to $1.17. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Seaspan.

A number of brokerages have commented on SSW. Morgan Stanley raised their price objective on Seaspan from $5.50 to $6.00 and gave the stock an “underweight” rating in a research report on Monday. ValuEngine downgraded Seaspan from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded Seaspan from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Seaport Global Securities upgraded Seaspan from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Wednesday, January 24th. Finally, Jefferies Group began coverage on Seaspan in a research report on Monday, December 18th. They set a “buy” rating and a $20.00 target price for the company. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Seaspan presently has a consensus rating of “Hold” and a consensus price target of $8.63.

Institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its position in shares of Seaspan by 636.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 628,624 shares of the shipping company’s stock worth $4,488,000 after buying an additional 543,211 shares during the period. California Public Employees Retirement System lifted its position in shares of Seaspan by 8.3% during the 2nd quarter. California Public Employees Retirement System now owns 206,400 shares of the shipping company’s stock worth $1,474,000 after buying an additional 15,900 shares during the period. First Trust Advisors LP lifted its position in shares of Seaspan by 16.7% during the 3rd quarter. First Trust Advisors LP now owns 409,916 shares of the shipping company’s stock worth $2,906,000 after buying an additional 58,531 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Seaspan during the 2nd quarter valued at $2,285,000. Finally, Trexquant Investment LP acquired a new stake in Seaspan during the 3rd quarter valued at $348,000. Institutional investors and hedge funds own 14.81% of the company’s stock.

Shares of Seaspan (SSW) traded up $0.17 during mid-day trading on Wednesday, hitting $7.20. The company’s stock had a trading volume of 856,743 shares, compared to its average volume of 1,360,000. 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 52 week low of $5.02 and a 52 week high of $8.91. The company has a market cap of $891.16, a P/E ratio of 15.65, a P/E/G ratio of 1.43 and a beta of 0.51.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Monday, January 22nd were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, January 19th. This represents a $0.50 annualized dividend and a dividend yield of 6.94%. Seaspan’s dividend payout ratio (DPR) is presently 108.70%.

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About Seaspan

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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