Q1 2019 EPS Estimates for Ship Finance International Limited Reduced by

Ship Finance International Limited (NYSE:SFL) – Research analysts at Seaport Global Securities decreased their Q1 2019 earnings per share estimates for Ship Finance International in a research report issued on Wednesday, November 7th. Seaport Global Securities analyst M. Fyhr now expects that the shipping company will post earnings of $0.27 per share for the quarter, down from their previous estimate of $0.34. Seaport Global Securities also issued estimates for Ship Finance International’s Q2 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.31 EPS and Q4 2019 earnings at $0.31 EPS.

SFL has been the subject of a number of other reports. ValuEngine cut Ship Finance International from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. Zacks Investment Research lowered Ship Finance International from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. TheStreet lowered Ship Finance International from a “b” rating to a “c+” rating in a research report on Thursday, August 23rd. Finally, Nordea Equity Research upgraded Ship Finance International from a “hold” rating to a “buy” rating in a research report on Thursday, September 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Ship Finance International has an average rating of “Hold” and a consensus price target of $15.38.

Shares of SFL stock opened at $12.53 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.49. The stock has a market capitalization of $1.56 billion, a PE ratio of 10.53 and a beta of 1.21. Ship Finance International has a one year low of $11.90 and a one year high of $15.98.

Ship Finance International (NYSE:SFL) last announced its quarterly earnings data on Wednesday, August 22nd. The shipping company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.10. The firm had revenue of $96.80 million during the quarter, compared to analysts’ expectations of $101.65 million. Ship Finance International had a return on equity of 9.40% and a net margin of 23.55%. During the same period in the previous year, the business posted $0.35 EPS.

Several institutional investors and hedge funds have recently modified their holdings of SFL. BlackRock Inc. grew its position in shares of Ship Finance International by 51.0% in the 2nd quarter. BlackRock Inc. now owns 4,217,374 shares of the shipping company’s stock valued at $63,049,000 after purchasing an additional 1,425,028 shares during the period. Renaissance Technologies LLC grew its position in shares of Ship Finance International by 305.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,437,962 shares of the shipping company’s stock valued at $21,498,000 after purchasing an additional 1,083,330 shares during the period. OppenheimerFunds Inc. grew its position in shares of Ship Finance International by 404.5% in the 2nd quarter. OppenheimerFunds Inc. now owns 1,168,834 shares of the shipping company’s stock valued at $17,474,000 after purchasing an additional 937,142 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Ship Finance International by 23.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,627,417 shares of the shipping company’s stock valued at $39,280,000 after purchasing an additional 498,524 shares during the period. Finally, Northern Trust Corp grew its position in shares of Ship Finance International by 9.8% in the 2nd quarter. Northern Trust Corp now owns 3,633,177 shares of the shipping company’s stock valued at $54,315,000 after purchasing an additional 323,699 shares during the period. Institutional investors and hedge funds own 31.33% of the company’s stock.

About Ship Finance International

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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Earnings History and Estimates for Ship Finance International (NYSE:SFL)

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