Brokerages predict that SFL Co. Ltd. (NYSE:SFL – Get Rating) will post $0.23 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for SFL’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.25. SFL reported earnings per share of $0.19 during the same quarter last year, which would suggest a positive year-over-year growth rate of 21.1%. The business is scheduled to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that SFL will report full-year earnings of $1.04 per share for the current financial year, with EPS estimates ranging from $0.87 to $1.21. For the next year, analysts expect that the business will report earnings of $1.06 per share, with EPS estimates ranging from $0.78 to $1.34. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow SFL.
SFL (NYSE:SFL – Get Rating) last released its quarterly earnings data on Wednesday, February 16th. The shipping company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The company had revenue of $151.10 million during the quarter, compared to analysts’ expectations of $153.21 million. SFL had a net margin of 32.01% and a return on equity of 12.77%. The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 earnings per share.
SFL stock opened at $10.13 on Thursday. The stock has a market capitalization of $1.40 billion, a P/E ratio of 7.73 and a beta of 0.78. SFL has a 52 week low of $6.67 and a 52 week high of $10.84. The firm has a 50-day simple moving average of $10.15 and a 200-day simple moving average of $9.00. The company has a quick ratio of 0.60, a current ratio of 0.63 and a debt-to-equity ratio of 2.10.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 29th. Stockholders of record on Wednesday, March 16th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 7.90%. The ex-dividend date of this dividend was Tuesday, March 15th. This is an increase from SFL’s previous quarterly dividend of $0.18. SFL’s dividend payout ratio is 61.07%.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in SFL by 16.1% during the 4th quarter. BlackRock Inc. now owns 6,247,152 shares of the shipping company’s stock worth $50,916,000 after acquiring an additional 867,792 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of SFL by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 1,973,585 shares of the shipping company’s stock valued at $16,538,000 after purchasing an additional 33,131 shares during the period. Millennium Management LLC lifted its holdings in SFL by 39.6% during the 4th quarter. Millennium Management LLC now owns 1,816,804 shares of the shipping company’s stock worth $14,807,000 after purchasing an additional 515,003 shares during the last quarter. State Street Corp boosted its holdings in SFL by 9.7% in the 4th quarter. State Street Corp now owns 1,707,694 shares of the shipping company’s stock valued at $13,918,000 after purchasing an additional 151,299 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in SFL by 40.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,456,010 shares of the shipping company’s stock worth $12,201,000 after buying an additional 421,879 shares in the last quarter. 29.69% of the stock is currently owned by institutional investors and hedge funds.
SFL Company Profile (Get Rating)
SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company is also involved in the charter, purchase, and sale of assets. In addition, it operates in various sectors of the maritime, and shipping and offshore industries, including oil, chemical, oil product, container, and car transportation, as well as dry bulk shipments and drilling rigs.
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