International Seaways Inc (NYSE:INSW) – Analysts at B. Riley issued their FY2019 EPS estimates for shares of International Seaways in a research note issued on Wednesday, March 13th. B. Riley analyst L. Burke expects that the transportation company will earn $0.85 per share for the year. B. Riley currently has a “Hold” rating and a $22.00 target price on the stock. B. Riley also issued estimates for International Seaways’ FY2020 earnings at $1.21 EPS.

International Seaways (NYSE:INSW) last announced its earnings results on Tuesday, March 12th. The transportation company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.23. International Seaways had a negative net margin of 32.90% and a negative return on equity of 6.18%. The company had revenue of $100.55 million during the quarter, compared to the consensus estimate of $84.44 million.

A number of other research firms also recently weighed in on INSW. Jefferies Financial Group set a $30.00 price target on shares of International Seaways and gave the stock a “buy” rating in a research note on Thursday, December 6th. ValuEngine raised shares of International Seaways from a “hold” rating to a “buy” rating in a research note on Friday, November 30th. Finally, TheStreet raised shares of International Seaways from a “d” rating to a “c-” rating in a research note on Wednesday, February 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. International Seaways currently has a consensus rating of “Buy” and an average price target of $26.50.

Shares of NYSE INSW opened at $18.37 on Friday. International Seaways has a 1-year low of $15.61 and a 1-year high of $24.78. The stock has a market capitalization of $544.21 million, a price-to-earnings ratio of -8.35 and a beta of 0.10. The company has a quick ratio of 1.69, a current ratio of 1.73 and a debt-to-equity ratio of 0.76.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc grew its holdings in International Seaways by 21.1% during the fourth quarter. Legal & General Group Plc now owns 3,929 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 684 shares during the period. United Services Automobile Association grew its holdings in International Seaways by 19.4% during 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. Russell Investments Group Ltd. grew its holdings in International Seaways by 123.6% during the third quarter. Russell Investments Group Ltd. now owns 15,918 shares of the transportation company’s stock valued at $319,000 after purchasing an additional 8,800 shares during the period. California Public Employees Retirement System grew its holdings in International Seaways by 39.4% during the fourth quarter. California Public Employees Retirement System now owns 23,055 shares of the transportation company’s stock valued at $388,000 after purchasing an additional 6,520 shares during the period. Finally, Rhumbline Advisers grew its holdings in International Seaways by 41.5% during the fourth quarter. Rhumbline Advisers now owns 31,479 shares of the transportation company’s stock valued at $530,000 after purchasing an additional 9,228 shares during the period. 83.43% of the stock is owned by institutional investors and hedge funds.

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 June 14, 2018, the company owned and operated a fleet of 55 vessels, including 1 ultra large crude carrier, 14 very large crude carriers, 2 Suezmaxes, 7 Aframaxes, 12 Panamaxes, and 13 medium range tankers.

Read More: How can you know how many shares are floating?

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

Receive News & Ratings for International Seaways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Seaways and related companies with MarketBeat.com's FREE daily email newsletter.