SFL (SFL) Expected to Announce Quarterly Earnings on Wednesday

SFL (NYSE:SFL) is projected to release its earnings data before the market opens on Wednesday, February 12th. Analysts expect SFL to post earnings of $0.17 per share and revenue of $218.18 million for the quarter.

SFL (NYSE:SFL) last posted its quarterly earnings results on Wednesday, November 6th. The shipping company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). SFL had a net margin of 16.03% and a return on equity of 14.61%. The business had revenue of $255.30 million for the quarter, compared to the consensus estimate of $243.98 million. During the same period in the prior year, the business earned $0.23 earnings per share. SFL’s revenue was up 24.6% compared to the same quarter last year.

SFL Trading Up 3.7 %

Shares of SFL stock opened at $10.95 on Wednesday. SFL has a 12-month low of $9.64 and a 12-month high of $14.62. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 1.93. The stock’s 50-day moving average price is $10.43 and its 200-day moving average price is $10.99. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 9.86 and a beta of 0.66.

Wall Street Analysts Forecast Growth

Separately, Fearnley Fonds raised SFL from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st.

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.