Brokerages expect that Seaspan Corporation (NYSE:SSW) will announce $218.49 million in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Seaspan Corporation’s earnings. The highest sales estimate is $225.20 million and the lowest is $214.22 million. Seaspan Corporation posted sales of $213.19 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.5%. The firm is scheduled to report its next earnings report on Tuesday, February 27th.
On average, analysts expect that Seaspan Corporation will report full-year sales of $218.49 million for the current fiscal year, with estimates ranging from $831.16 million to $842.10 million. For the next fiscal year, analysts anticipate that the business will report sales of $900.00 million per share, with estimates ranging from $859.50 million to $917.71 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Seaspan Corporation.
Seaspan Corporation (NYSE:SSW) last issued its quarterly earnings results on Tuesday, October 31st. The shipping company reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The business had revenue of $211.01 million for the quarter, compared to analysts’ expectations of $212.46 million. Seaspan Corporation had a net margin of 14.23% and a return on equity of 7.14%. During the same quarter last year, the company posted $0.29 EPS.
In other news, CEO Gerry Yougui Wang acquired 10,076 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average cost of $6.39 per share, for a total transaction of $64,385.64. Following the transaction, the chief executive officer now directly owns 2,042,848 shares of the company’s stock, valued at $13,053,798.72. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
A number of hedge funds and other institutional investors have recently made changes to their positions in SSW. California Public Employees Retirement System increased its holdings in Seaspan Corporation by 15.5% in the 1st quarter. California Public Employees Retirement System now owns 190,500 shares of the shipping company’s stock valued at $1,320,000 after acquiring an additional 25,500 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Seaspan Corporation by 523.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,072,771 shares of the shipping company’s stock valued at $7,430,000 after acquiring an additional 900,606 shares during the last quarter. UBS Group AG increased its holdings in Seaspan Corporation by 119.5% in the 1st quarter. UBS Group AG now owns 86,282 shares of the shipping company’s stock valued at $598,000 after acquiring an additional 46,975 shares during the last quarter. Bank of America Corp DE increased its holdings in Seaspan Corporation by 9.3% in the 1st quarter. Bank of America Corp DE now owns 20,822 shares of the shipping company’s stock valued at $144,000 after acquiring an additional 1,775 shares during the last quarter. Finally, Credit Suisse AG increased its holdings in Seaspan Corporation by 27.1% in the 1st quarter. Credit Suisse AG now owns 50,425 shares of the shipping company’s stock valued at $350,000 after acquiring an additional 10,759 shares during the last quarter. Institutional investors own 15.49% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Zacks: Brokerages Anticipate Seaspan Corporation (SSW) Will Post Quarterly Sales of $218.49 Million” was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://sportsperspectives.com/2017/11/22/zacks-brokerages-anticipate-seaspan-corporation-ssw-will-post-quarterly-sales-of-218-49-million.html.
Seaspan Corporation (SSW) opened at $5.85 on Wednesday. The firm has a market cap of $724.69, a price-to-earnings ratio of 8.31, a PEG ratio of 1.73 and a beta of 0.66. Seaspan Corporation has a one year low of $5.02 and a one year high of $11.76. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.19 and a current ratio of 1.19.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Friday, October 20th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $0.50 annualized dividend and a dividend yield of 8.55%. Seaspan Corporation’s payout ratio is 108.70%.
About Seaspan Corporation
Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Seaspan Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seaspan Corporation and related companies with MarketBeat.com's FREE daily email newsletter.