SFL (NYSE:SFL) Issues Earnings Results

SFL (NYSE:SFL) announced its earnings results on Wednesday. The shipping company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03), Briefing.com reports. The company had revenue of $255.30 million for the quarter, compared to analyst estimates of $243.98 million. SFL had a net margin of 16.03% and a return on equity of 14.96%. SFL’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 EPS.

SFL Stock Down 2.5 %

Shares of SFL stock traded down $0.26 during trading hours on Friday, reaching $10.30. The company had a trading volume of 1,585,360 shares, compared to its average volume of 837,400. 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 twelve month low of $10.12 and a twelve month high of $14.62. The stock’s fifty day simple moving average is $11.19 and its 200 day simple moving average is $12.42. The company has a market capitalization of $1.43 billion, a P/E ratio of 9.28 and a beta of 0.68.

SFL Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 10.49%. The ex-dividend date of this dividend is Friday, December 13th. SFL’s dividend payout ratio (DPR) is presently 97.30%.

Analyst Ratings Changes

A number of brokerages have weighed in on SFL. StockNews.com raised SFL from a “hold” rating to a “buy” rating in a research note on Tuesday, July 16th. Pareto Securities raised SFL from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th.

SFL Company Profile

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.