SFL (SFL) to Release Earnings on Wednesday

SFL (NYSE:SFL - Get Free Report) is set to post its quarterly earnings results before the market opens on Wednesday, November 6th.

SFL (NYSE:SFL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The shipping company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $190.90 million during the quarter, compared to analyst estimates of $184.17 million. SFL had a return on equity of 12.58% and a net margin of 15.17%. The business's revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share.

SFL Trading Up 0.4 %

NYSE SFL traded up $0.04 on Tuesday, reaching $10.71. 806,337 shares of the company were exchanged, compared to its average volume of 825,423. 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 business's fifty day moving average price is $11.29 and its 200 day moving average price is $12.48. The stock has a market capitalization of $1.48 billion, a P/E ratio of 10.71 and a beta of 0.68. SFL has a fifty-two week low of $10.27 and a fifty-two week high of $14.62.

SFL Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.08 annualized dividend and a dividend yield of 10.08%. SFL's payout ratio is 108.00%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com raised shares of 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 report 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.