SFL (NYSE:SFL) Releases Earnings Results, Misses Expectations By $0.03 EPS

SFL (NYSE:SFL) posted its quarterly earnings data on Wednesday. The shipping company reported $0.34 earnings per share 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 the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS.

SFL Trading Down 2.5 %

Shares of SFL stock traded down $0.26 during trading on Friday, reaching $10.30. 1,585,360 shares of the company were exchanged, compared to its average volume of 837,400. SFL has a twelve month low of $10.12 and a twelve month high of $14.62. The business has a 50-day moving average price of $11.19 and a 200-day moving average price of $12.42. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 9.28 and a beta of 0.68.

SFL Announces Dividend

The business also recently declared 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 of this dividend is Friday, December 13th. This represents a $1.08 annualized dividend and a dividend yield of 10.49%. SFL’s dividend payout ratio is currently 97.30%.

Analyst Ratings Changes

Several brokerages have recently issued reports 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 shares of 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.