Seaspan (NYSE:SSW) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 2nd. Analysts expect Seaspan to post earnings of $0.20 per share for the quarter.

Seaspan (NYSE:SSW) last announced its quarterly earnings results on Tuesday, February 27th. The shipping company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04). The company had revenue of $214.38 million during the quarter, compared to analysts’ expectations of $217.56 million. Seaspan had a return on equity of 6.79% and a net margin of 21.08%. During the same quarter in the previous year, the firm earned $0.21 EPS. On average, analysts expect Seaspan to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

SSW stock traded up $0.03 during mid-day trading on Wednesday, hitting $7.66. The company had a trading volume of 482,312 shares, compared to its average volume of 1,606,611. The stock has a market cap of $962.95, a P/E ratio of 11.55, a PEG ratio of 0.33 and a beta of 0.52. Seaspan has a 12-month low of $5.02 and a 12-month high of $8.09. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 20th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 6.53%. The ex-dividend date is Thursday, April 19th. Seaspan’s payout ratio is currently 75.76%.

Several analysts have commented on SSW shares. ValuEngine cut shares of Seaspan from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research cut shares of Seaspan from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Seaport Global Securities upgraded shares of Seaspan from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Wednesday, January 24th. Morgan Stanley boosted their price target on shares of Seaspan from $5.50 to $6.00 and gave the stock an “underweight” rating in a research note on Monday, February 12th. Finally, Bank of America decreased their price target on shares of Seaspan from $7.00 to $6.00 and set an “underperform” rating on the stock in a research note on Friday, March 2nd. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $9.21.

An institutional investor recently raised its position in Seaspan stock. State Street Corp grew its holdings in shares of Seaspan Co. (NYSE:SSW) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 279,189 shares of the shipping company’s stock after buying an additional 8,400 shares during the quarter. State Street Corp owned 0.24% of Seaspan worth $1,994,000 at the end of the most recent reporting period. Institutional investors own 15.58% of the company’s stock.

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Seaspan Company Profile

Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company charters its containerships under long-term, fixed-rate time charters to various container liner companies. As of February 15, 2018, it operated a fleet of 91 containerships. The company was founded in 2005 and is based in Central, Hong Kong.

Earnings History for Seaspan (NYSE:SSW)

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