Analysts predict that Ship Finance International Limited (NYSE:SFL) will report $0.33 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Ship Finance International’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.27. Ship Finance International reported earnings of $0.24 per share in the same quarter last year, which indicates a positive year over year growth rate of 37.5%. The company is scheduled to announce its next quarterly earnings report on Tuesday, February 26th.

On average, analysts expect that Ship Finance International will report full-year earnings of $0.93 per share for the current fiscal year, with EPS estimates ranging from $0.92 to $0.94. For the next fiscal year, analysts expect that the company will post earnings of $1.18 per share, with EPS estimates ranging from $0.95 to $1.32. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Ship Finance International.

Ship Finance International (NYSE:SFL) last released its earnings results on Tuesday, November 20th. The shipping company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.08. The business had revenue of $111.00 million for the quarter, compared to the consensus estimate of $114.96 million. Ship Finance International had a net margin of 22.77% and a return on equity of 9.68%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Ship Finance International from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a research report on Friday, November 2nd. UBS Group raised shares of Ship Finance International from a “sell” rating to a “buy” rating in a research report on Thursday, November 29th. Pareto Securities raised shares of Ship Finance International from a “hold” rating to a “buy” rating in a research report on Thursday, January 31st. Citigroup assumed coverage on shares of 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, B. Riley assumed coverage on shares of 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Ship Finance International presently has a consensus rating of “Buy” and a consensus price target of $13.88.

Shares of Ship Finance International stock traded up $0.01 during trading on Wednesday, hitting $12.16. The stock had a trading volume of 2,090 shares, compared to its average volume of 491,007. The company has a market cap of $1.49 billion, a P/E ratio of 10.21 and a beta of 1.43. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.61 and a quick ratio of 0.60. Ship Finance International has a 1 year low of $10.31 and a 1 year high of $15.65.

Hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. acquired a new stake in shares of Ship Finance International during the third quarter worth approximately $115,000. M&T Bank Corp boosted its holdings in shares of Ship Finance International by 50.0% during the fourth quarter. M&T Bank Corp now owns 18,000 shares of the shipping company’s stock worth $190,000 after purchasing an additional 6,000 shares during the period. Jane Street Group LLC acquired a new stake in shares of Ship Finance International during the third quarter worth approximately $208,000. MML Investors Services LLC boosted its holdings in shares of Ship Finance International by 37.9% during the third quarter. MML Investors Services LLC now owns 17,723 shares of the shipping company’s stock worth $246,000 after purchasing an additional 4,868 shares during the period. Finally, Moody National Bank Trust Division lifted its stake in Ship Finance International by 34.5% in the third quarter. Moody National Bank Trust Division now owns 20,680 shares of the shipping company’s stock valued at $288,000 after acquiring an additional 5,300 shares during the last quarter. Institutional investors and hedge funds own 29.28% 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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