Brokerages expect International Seaways Inc (NYSE:INSW) to post ($0.49) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for International Seaways’ earnings, with the highest EPS estimate coming in at ($0.26) and the lowest estimate coming in at ($0.73). International Seaways reported earnings per share of ($0.71) during the same quarter last year, which would suggest a positive year over year growth rate of 31%. The business is expected to announce its next quarterly earnings results on Wednesday, August 14th.

On average, analysts expect that International Seaways will report full-year earnings of ($0.18) per share for the current year, with EPS estimates ranging from ($0.91) to $0.50. For the next fiscal year, analysts forecast that the firm will post earnings of $2.65 per share, with EPS estimates ranging from $1.22 to $3.95. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow International Seaways.

International Seaways (NYSE:INSW) last issued its quarterly earnings results on Tuesday, March 12th. The transportation company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.23. The company had revenue of $100.55 million for the quarter, compared to analyst estimates of $84.44 million. International Seaways had a negative return on equity of 3.00% and a negative net margin of 15.22%.

INSW has been the topic of a number of recent research reports. TheStreet raised International Seaways from a “d” rating to a “c-” rating in a research report on Wednesday, February 6th. Zacks Investment Research upgraded International Seaways from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Wednesday, March 20th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $24.75.

Shares of International Seaways stock opened at $20.14 on Friday. The stock has a market capitalization of $576.55 million, a PE ratio of -9.15 and a beta of 0.13. International Seaways has a one year low of $15.61 and a one year high of $24.78. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.19 and a current ratio of 2.23.

Large investors have recently made changes to their positions in the company. Legal & General Group Plc increased its holdings in shares of International Seaways by 21.1% during the fourth quarter. Legal & General Group Plc now owns 3,929 shares of the transportation company’s stock worth $67,000 after buying an additional 684 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in International Seaways by 89.9% in the first quarter. BNP Paribas Arbitrage SA now owns 5,058 shares of the transportation company’s stock valued at $87,000 after purchasing an additional 2,395 shares during the period. SG Americas Securities LLC acquired a new stake in International Seaways in the first quarter valued at $102,000. Renaissance Technologies LLC acquired a new stake in International Seaways in the first quarter valued at $180,000. Finally, United Services Automobile Association increased its holdings in International Seaways by 19.4% in the fourth quarter. United Services Automobile Association now owns 12,700 shares of the transportation company’s stock valued at $214,000 after purchasing an additional 2,066 shares during the period. Institutional investors own 83.28% of the company’s stock.

International Seaways Company Profile

International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trades. It operates through two segments, Crude Tankers and Product Carriers. As of December 31, 2018, the company owned and operated a fleet of 48 vessels, including 13 very large crude carriers, 2 Suezmaxes, 6 Aframaxes, 11 Panamaxes, and 10 medium range tankers.

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Earnings History and Estimates for International Seaways (NYSE:INSW)

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