Ship Finance International
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Ship Finance International whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins dropped, net margins increased.
Ship Finance International reported revenue of $74.3 million. The five analysts polled by S&P Capital IQ foresaw revenue of $92.4 million on the same basis. GAAP reported sales were 0.7% lower than the prior-year quarter's $74.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.44. The six earnings estimates compiled by S&P Capital IQ predicted $0.33 per share. GAAP EPS of $0.44 for Q3 were 26% higher than the prior-year quarter's $0.35 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 63.8%, 970 basis points worse than the prior-year quarter. Operating margin was 42.7%, 1,020 basis points worse than the prior-year quarter. Net margin was 46.5%, 980 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $103.2 million. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $317.5 million. The average EPS estimate is $1.68.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 503 members out of 529 rating the stock outperform, and 26 members rating it underperform. Among 102 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give Ship Finance International a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ship Finance International is outperform, with an average price target of $18.10.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Ship Finance International. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Ship Finance International to My Watchlist.