Seaspan Co. to Post FY2017 Earnings of $0.74 Per Share, Jefferies Group Forecasts (SSW)

Seaspan Co. (NYSE:SSW) – Research analysts at Jefferies Group issued their FY2017 earnings per share estimates for shares of Seaspan in a research report issued on Monday. Jefferies Group analyst R. Giveans expects that the shipping company will earn $0.74 per share for the year. Jefferies Group has a “Buy” rating and a $20.00 price objective on the stock. Jefferies Group also issued estimates for Seaspan’s Q4 2017 earnings at $0.23 EPS and FY2018 earnings at $1.00 EPS.

Seaspan (NYSE:SSW) last released its quarterly earnings data on Tuesday, October 31st. The shipping company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $211.01 million during the quarter, compared to analyst estimates of $212.46 million. Seaspan had a net margin of 14.23% and a return on equity of 7.14%. During the same period last year, the business earned $0.29 EPS.

Separately, ValuEngine lowered shares of Seaspan from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $8.21.

Shares of Seaspan (NYSE SSW) opened at $6.70 on Wednesday. The firm has a market cap of $829.27, a PE ratio of 8.30, a price-to-earnings-growth ratio of 1.75 and a beta of 0.60. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.19 and a current ratio of 1.19. Seaspan has a 12 month low of $5.02 and a 12 month high of $11.76.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. boosted its holdings in shares of Seaspan by 11,648.9% in the third quarter. Sei Investments Co. now owns 15,626 shares of the shipping company’s stock worth $111,000 after buying an additional 15,493 shares during the last quarter. NEXT Financial Group Inc purchased a new position in shares of Seaspan in the third quarter worth approximately $143,000. Bank of America Corp DE boosted its holdings in shares of Seaspan by 9.3% in the first quarter. Bank of America Corp DE now owns 20,822 shares of the shipping company’s stock worth $144,000 after buying an additional 1,775 shares during the last quarter. Schwab Charles Investment Management Inc. purchased a new position in shares of Seaspan in the second quarter worth approximately $157,000. Finally, First Allied Advisory Services Inc. boosted its holdings in shares of Seaspan by 42.4% in the second quarter. First Allied Advisory Services Inc. now owns 24,727 shares of the shipping company’s stock worth $174,000 after buying an additional 7,366 shares during the last quarter. 14.32% of the stock is currently owned by institutional investors.

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Seaspan Company Profile

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.

Earnings History and Estimates for Seaspan (NYSE:SSW)

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