SFL (SFL) Set to Announce Earnings on Wednesday

SFL (NYSE:SFL) is set to issue its quarterly 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 EPS for the quarter. The company had revenue of $190.90 million for the quarter, compared to the consensus estimate of $184.17 million. SFL had a return on equity of 12.58% and a net margin of 15.17%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period last year, the business posted $0.13 EPS.

SFL Trading Down 0.1 %

SFL traded down $0.01 on Tuesday, reaching $10.66. 497,812 shares of the company’s stock were exchanged, compared to its average volume of 823,981. SFL has a twelve month low of $10.27 and a twelve month high of $14.62. The company’s 50 day moving average is $11.29 and its 200-day moving average is $12.48. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 10.65 and a beta of 0.68.

SFL Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 10.13%. The ex-dividend date of this dividend was Wednesday, September 11th. SFL’s payout ratio is currently 108.00%.

Analyst Upgrades and Downgrades

SFL has been the subject of several recent research reports. Pareto Securities upgraded SFL from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. StockNews.com raised SFL from a “hold” rating to a “buy” rating in a report 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.