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 released its quarterly earnings data on Wednesday, August 14th. The shipping company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $190.90 million for the quarter, compared to analysts’ expectations of $184.17 million. SFL had a net margin of 15.17% and a return on equity of 12.58%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share.

SFL Price Performance

SFL traded down $0.02 during trading on Tuesday, hitting $10.65. 366,626 shares of the company traded hands, compared to its average volume of 823,368. The company has a market cap of $1.48 billion, a PE ratio of 10.72 and a beta of 0.68. SFL has a 1 year low of $10.27 and a 1 year high of $14.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.65. The stock’s 50-day simple moving average is $11.29 and its two-hundred day simple moving average is $12.48.

SFL Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th were issued a $0.27 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $1.08 annualized dividend and a dividend yield of 10.14%. SFL’s dividend payout ratio (DPR) is 108.00%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SFL. StockNews.com raised SFL from a “hold” rating to a “buy” rating in a report on Tuesday, July 16th. Pareto Securities raised 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.