Wall Street brokerages forecast that Ship Finance International Limited (NYSE:SFL) will report $0.26 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ship Finance International’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.23. Ship Finance International posted earnings per share of $0.24 in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.3%. The firm is expected to issue its next earnings report on Thursday, May 30th.

On average, analysts expect that Ship Finance International will report full-year earnings of $1.07 per share for the current year, with EPS estimates ranging from $0.97 to $1.23. For the next financial year, analysts forecast that the firm will post earnings of $1.16 per share, with EPS estimates ranging from $1.02 to $1.33. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Ship Finance International.

Ship Finance International (NYSE:SFL) last issued its earnings results on Tuesday, February 26th. The shipping company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.19). The firm had revenue of $118.57 million during the quarter, compared to analysts’ expectations of $123.35 million. Ship Finance International had a net margin of 17.58% and a return on equity of 8.92%.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Ship Finance International from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 1st. B. Riley assumed coverage on Ship Finance International in a research report on Thursday, January 10th. They issued a “neutral” rating and a $11.90 target price on the stock. Citigroup assumed coverage on Ship Finance International in a research report on Thursday, December 27th. They issued a “neutral” rating and a $11.00 target price on the stock. Finally, Pareto Securities upgraded Ship Finance International from a “hold” rating to a “buy” rating in a research report on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $14.25.

Shares of NYSE SFL opened at $12.67 on Tuesday. The company has a market capitalization of $1.53 billion, a P/E ratio of 12.30 and a beta of 1.40. Ship Finance International has a 52 week low of $10.31 and a 52 week high of $15.65. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.00 and a current ratio of 1.02.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Tuesday, March 12th were given a $0.35 dividend. The ex-dividend date was Monday, March 11th. This represents a $1.40 annualized dividend and a yield of 11.05%. Ship Finance International’s dividend payout ratio is presently 135.92%.

A number of institutional investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. boosted its position in Ship Finance International by 21.7% in the 4th quarter. Baillie Gifford & Co. now owns 10,100 shares of the shipping company’s stock worth $106,000 after purchasing an additional 1,800 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Ship Finance International by 12.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 18,098 shares of the shipping company’s stock worth $191,000 after purchasing an additional 1,972 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Ship Finance International by 3.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 70,150 shares of the shipping company’s stock worth $739,000 after purchasing an additional 2,050 shares in the last quarter. Advisor Group Inc. boosted its position in Ship Finance International by 14.1% in the 4th quarter. Advisor Group Inc. now owns 22,271 shares of the shipping company’s stock worth $234,000 after purchasing an additional 2,759 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its position in Ship Finance International by 1,289.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 4,531 shares of the shipping company’s stock worth $326,000 after purchasing an additional 4,205 shares in the last quarter. Institutional investors and hedge funds own 28.98% of the company’s stock.

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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