Equities research analysts expect International Seaways Inc (NYSE:INSW) to announce earnings per share of $0.88 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for International Seaways’ earnings. The highest EPS estimate is $1.01 and the lowest is $0.80. International Seaways posted earnings of ($0.41) per share in the same quarter last year, which indicates a positive year over year growth rate of 314.6%. The firm is scheduled to report its next earnings results on Thursday, November 5th.
On average, analysts expect that International Seaways will report full year earnings of $5.75 per share for the current year, with EPS estimates ranging from $5.69 to $5.80. For the next year, analysts anticipate that the business will report earnings of $3.96 per share, with EPS estimates ranging from $2.24 to $5.74. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for International Seaways.
International Seaways (NYSE:INSW) last announced its quarterly earnings results on Friday, August 7th. The transportation company reported $2.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.13. The firm had revenue of $139.73 million for the quarter, compared to the consensus estimate of $145.55 million. International Seaways had a net margin of 22.19% and a return on equity of 13.51%.
A number of brokerages have commented on INSW. Zacks Investment Research upgraded shares of International Seaways from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Fearnley Fonds cut shares of International Seaways from a “buy” rating to a “sell” rating and set a $18.00 price target on the stock. in a research report on Tuesday, June 2nd. TheStreet upgraded shares of International Seaways from a “d+” rating to a “c” rating in a research report on Monday, August 24th. Finally, Pareto Securities cut shares of International Seaways from a “buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a research report on Thursday, June 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $26.67.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in shares of International Seaways by 626.7% during the first quarter. Tower Research Capital LLC TRC now owns 1,686 shares of the transportation company’s stock valued at $40,000 after buying an additional 1,454 shares during the period. Advisor Group Holdings Inc. purchased a new position in shares of International Seaways during the first quarter valued at about $43,000. Bank of Montreal Can increased its position in shares of International Seaways by 961.0% during the second quarter. Bank of Montreal Can now owns 1,984 shares of the transportation company’s stock valued at $30,000 after buying an additional 1,797 shares during the period. Acadian Asset Management LLC increased its position in shares of International Seaways by 141.8% during the first quarter. Acadian Asset Management LLC now owns 2,227 shares of the transportation company’s stock valued at $53,000 after buying an additional 1,306 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of International Seaways by 144.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,599 shares of the transportation company’s stock valued at $42,000 after buying an additional 1,536 shares during the period. Institutional investors own 76.82% of the company’s stock.
Shares of INSW stock traded up $0.25 during trading on Thursday, hitting $14.43. The company had a trading volume of 120,619 shares, compared to its average volume of 410,984. The company has a quick ratio of 1.84, a current ratio of 1.86 and a debt-to-equity ratio of 0.50. The stock’s 50-day moving average is $16.98 and its two-hundred day moving average is $19.49. The stock has a market capitalization of $403.81 million, a price-to-earnings ratio of 4.10 and a beta of -0.02. International Seaways has a 52 week low of $13.92 and a 52 week high of $31.39.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th were given a $0.06 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $0.24 annualized dividend and a dividend yield of 1.66%. International Seaways’s dividend payout ratio is 39.34%.
About International Seaways
International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trades. It operates through two segments, Crude Tankers and Product Carriers. As of December 31, 2018, the company owned and operated a fleet of 48 vessels, including 13 very large crude carriers, 2 Suezmaxes, 6 Aframaxes, 11 Panamaxes, and 10 medium range tankers.
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