News stories about SEASPAN Corp/SH SH (NYSE:SSW) have been trending somewhat positive on Saturday, according to Accern. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. SEASPAN Corp/SH SH earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the shipping company an impact score of 45.838291570874 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of NYSE SSW traded down $0.15 during trading hours on Friday, reaching $9.03. 735,854 shares of the stock were exchanged, compared to its average volume of 1,227,824. The firm has a market cap of $1.14 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 0.48 and a beta of 0.44. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.93. SEASPAN Corp/SH SH has a 52 week low of $5.50 and a 52 week high of $10.72.
SEASPAN Corp/SH SH (NYSE:SSW) last announced its earnings results on Wednesday, May 2nd. The shipping company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.05). The firm had revenue of $224.78 million for the quarter, compared to the consensus estimate of $223.36 million. SEASPAN Corp/SH SH had a return on equity of 6.68% and a net margin of 23.74%. During the same quarter last year, the business posted $0.15 EPS. analysts forecast that SEASPAN Corp/SH SH will post 0.91 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 30th. Stockholders of record on Tuesday, July 10th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, July 9th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.54%. SEASPAN Corp/SH SH’s dividend payout ratio (DPR) is currently 75.76%.
SSW has been the topic of several research analyst reports. Zacks Investment Research lowered SEASPAN Corp/SH SH from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 7th. Morgan Stanley dropped their price objective on SEASPAN Corp/SH SH from $6.00 to $5.50 and set an “underweight” rating on the stock in a research note on Monday, March 26th. Bank of America upgraded SEASPAN Corp/SH SH from an “underperform” rating to a “buy” rating in a research note on Thursday, May 3rd. ValuEngine upgraded SEASPAN Corp/SH SH from a “hold” rating to a “buy” rating in a research note on Friday, June 29th. Finally, Deutsche Bank upgraded SEASPAN Corp/SH SH from a “hold” rating to a “buy” rating and upped their price objective for the company from $7.00 to $13.00 in a research note on Thursday, April 19th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $9.74.
SEASPAN Corp/SH SH Company Profile
Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company charters its containerships under long-term, fixed-rate time charters to various container liner companies. As of February 15, 2018, it operated a fleet of 91 containerships. The company was founded in 2005 and is based in Central, Hong Kong.
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