SFL (SFL) Set to Announce Earnings on Tuesday

SFL (NYSE:SFLGet Free Report) will release its earnings data before the market opens on Tuesday, May 14th.

SFL (NYSE:SFLGet Free Report) last announced its earnings results on Wednesday, February 14th. The shipping company reported $0.30 earnings per share for the quarter. The business had revenue of $209.57 million during the quarter. SFL had a net margin of 11.16% and a return on equity of 8.04%.

SFL Stock Up 0.6 %

Shares of SFL stock traded up $0.08 during midday trading on Monday, hitting $14.37. The company had a trading volume of 362,923 shares, compared to its average volume of 695,041. SFL has a 52-week low of $8.43 and a 52-week high of $14.48. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.30 and a current ratio of 0.31. The stock has a market capitalization of $1.99 billion, a P/E ratio of 21.86 and a beta of 0.65. The company has a 50 day moving average of $13.20 and a 200 day moving average of $12.23.

SFL Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.26 dividend. This is a positive change from SFL’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 7.24%. The ex-dividend date of this dividend was Thursday, March 14th. SFL’s payout ratio is presently 157.58%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SFL. BTIG Research raised their price target on SFL from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. StockNews.com lowered shares of SFL from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $12.00.

Read Our Latest Report on SFL

About SFL

(Get Free Report)

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.

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Earnings History for SFL (NYSE:SFL)

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