Ship Finance International Limited (SFL) Expected to Earn FY2017 Earnings of $1.24 Per Share

Ship Finance International Limited (NYSE:SFL) – Jefferies Group lowered their FY2017 earnings estimates for Ship Finance International in a report issued on Friday. Jefferies Group analyst R. Giveans now forecasts that the shipping company will earn $1.24 per share for the year, down from their previous estimate of $1.28. Jefferies Group currently has a “Hold” rating and a $15.00 target price on the stock. Jefferies Group also issued estimates for Ship Finance International’s Q4 2017 earnings at $0.29 EPS, Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $1.02 EPS and FY2019 earnings at $1.19 EPS.

Several other brokerages have also commented on SFL. Zacks Investment Research lowered shares of Ship Finance International from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Clarkson Capital raised shares of Ship Finance International from a “neutral” rating to a “buy” rating in a report on Tuesday, October 17th. Finally, Goldman Sachs Group lowered shares of Ship Finance International from a “neutral” rating to a “sell” rating in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.00.

Shares of Ship Finance International (SFL) opened at $15.60 on Monday. The company has a market cap of $1,580.00, a price-to-earnings ratio of 15.76 and a beta of 1.41. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.13. Ship Finance International has a 1-year low of $12.30 and a 1-year high of $16.05.

Ship Finance International (NYSE:SFL) last issued its quarterly earnings results on Wednesday, November 22nd. The shipping company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $93.67 million during the quarter, compared to analyst estimates of $97.50 million. Ship Finance International had a net margin of 28.66% and a return on equity of 11.02%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new stake in shares of Ship Finance International during the third quarter worth $154,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Ship Finance International during the second quarter worth $145,000. Stifel Financial Corp grew its holdings in shares of Ship Finance International by 2.1% during the second quarter. Stifel Financial Corp now owns 11,019 shares of the shipping company’s stock worth $150,000 after buying an additional 226 shares in the last quarter. BB&T Securities LLC purchased a new stake in shares of Ship Finance International during the third quarter worth $172,000. Finally, QS Investors LLC purchased a new stake in shares of Ship Finance International during the second quarter worth $174,000. 30.85% of the stock is owned by institutional investors.

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Ship Finance International Company Profile

Ship Finance International Limited is a holding, and international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. Its assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.

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