Wall Street brokerages expect that Seaspan Co. (NYSE:SSW) will announce earnings per share of $0.20 for the current quarter, Zacks reports. Seven analysts have issued estimates for Seaspan’s earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.16. Seaspan posted earnings per share of $0.21 during the same quarter last year, which indicates a negative year-over-year growth rate of 4.8%. The company is expected to announce its next quarterly earnings report on Tuesday, February 27th.
According to Zacks, analysts expect that Seaspan will report full-year earnings of $0.71 per share for the current year, with EPS estimates ranging from $0.65 to $0.74. For the next fiscal year, analysts anticipate that the company will post earnings of $1.05 per share, with EPS estimates ranging from $0.72 to $1.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Seaspan.
Seaspan (NYSE:SSW) last announced its quarterly earnings data on Tuesday, October 31st. The shipping company reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. Seaspan had a net margin of 14.23% and a return on equity of 7.14%. The company had revenue of $211.01 million for the quarter, compared to the consensus estimate of $212.46 million. During the same period in the prior year, the firm posted $0.29 EPS.
SSW has been the topic of several recent analyst reports. Jefferies Group initiated coverage on shares of Seaspan in a research report on Monday, December 18th. They set a “buy” rating and a $20.00 price objective on the stock. ValuEngine downgraded shares of Seaspan from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research downgraded shares of Seaspan from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.21.
Shares of Seaspan (NYSE:SSW) opened at $7.29 on Friday. Seaspan has a 1 year low of $5.02 and a 1 year high of $11.76. The company has a market cap of $902.92, a PE ratio of 15.85, a P/E/G ratio of 1.40 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.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Monday, January 22nd will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date is Friday, January 19th. Seaspan’s payout ratio is presently 108.70%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in shares of Seaspan during the 3rd quarter valued at about $220,000. Janney Montgomery Scott LLC purchased a new stake in shares of Seaspan during the 3rd quarter valued at about $221,000. Valeo Financial Advisors LLC purchased a new stake in shares of Seaspan during the 3rd quarter valued at about $525,000. Strategic Global Advisors LLC purchased a new stake in shares of Seaspan during the 3rd quarter valued at about $1,049,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Seaspan by 104.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 44,944 shares of the shipping company’s stock valued at $319,000 after acquiring an additional 22,958 shares during the last quarter. 14.32% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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