SFL (SFL) Set to Announce Earnings on Wednesday

SFL (NYSE:SFL) will release its earnings data before the market opens on Wednesday, November 6th.

SFL (NYSE:SFL) last issued its earnings results on Wednesday, August 14th. The shipping company reported $0.16 EPS for the quarter. SFL had a return on equity of 12.58% and a net margin of 15.17%. The business had revenue of $190.90 million for the quarter, compared to the consensus estimate of $184.17 million. During the same period last year, the business posted $0.13 EPS. The company’s revenue was up 16.1% compared to the same quarter last year.

SFL Stock Down 0.2 %

Shares of SFL stock traded down $0.02 during mid-day trading on Tuesday, hitting $10.65. The company’s stock had a trading volume of 366,626 shares, compared to its average volume of 823,368. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.34 and a current ratio of 0.34. SFL has a 52-week low of $10.27 and a 52-week high of $14.62. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 10.72 and a beta of 0.68. The business has a 50-day moving average price of $11.29 and a 200 day moving average price of $12.48.

SFL Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 10.14%. The ex-dividend date of this dividend was Wednesday, September 11th. SFL’s dividend payout ratio is currently 108.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SFL. StockNews.com raised shares of SFL from a “hold” rating to a “buy” rating in a report on Tuesday, July 16th. Pareto Securities upgraded shares of SFL from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th.

About SFL

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 operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, chemical transportation, oil products transportation, container transportation, car transportation, and drilling rigs.