SFL (NYSE:SFL) Issues Earnings Results

SFL (NYSE:SFL) issued its quarterly earnings data on Wednesday. The shipping company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03), Briefing.com reports. The company had revenue of $255.30 million during the quarter, compared to analysts’ expectations of $243.98 million. SFL had a return on equity of 14.96% and a net margin of 16.03%. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share.

SFL Price Performance

SFL traded down $0.26 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 market cap of $1.43 billion, a price-to-earnings ratio of 9.28 and a beta of 0.68. 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 $10.12 and a 52-week high of $14.62. The business has a 50 day simple moving average of $11.19 and a 200 day simple moving average of $12.42.

SFL Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on SFL shares. Pareto Securities raised SFL from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. StockNews.com upgraded SFL from a “hold” rating to a “buy” rating in a research note on Tuesday, July 16th.

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.