SFL (SFL) to Release Quarterly Earnings on Wednesday

SFL (NYSE:SFLGet Rating) will release its earnings data before the market opens on Wednesday, November 30th. Analysts expect SFL to post earnings of $0.23 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

SFL Price Performance

Shares of NYSE:SFL opened at $10.12 on Wednesday. The business has a 50 day moving average price of $9.87 and a 200 day moving average price of $10.16. The company has a quick ratio of 0.37, a current ratio of 0.27 and a debt-to-equity ratio of 1.40. SFL has a twelve month low of $7.64 and a twelve month high of $11.60. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 5.50 and a beta of 0.79.

SFL Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, December 14th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.09%. SFL’s payout ratio is presently 50.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. raised its position in SFL by 125.3% in the 1st quarter. Federated Hermes Inc. now owns 2,854 shares of the shipping company’s stock worth $29,000 after purchasing an additional 1,587 shares during the period. Captrust Financial Advisors increased its position in shares of SFL by 58.5% during the first quarter. Captrust Financial Advisors now owns 4,256 shares of the shipping company’s stock valued at $43,000 after buying an additional 1,570 shares during the period. Quadrature Capital Ltd purchased a new position in shares of SFL during the third quarter valued at about $97,000. Cetera Advisor Networks LLC purchased a new position in shares of SFL during the second quarter valued at about $108,000. Finally, Tower Research Capital LLC TRC boosted its stake in SFL by 231.4% during the third quarter. Tower Research Capital LLC TRC now owns 12,229 shares of the shipping company’s stock worth $111,000 after acquiring an additional 8,539 shares in the last quarter. 32.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SFL has been the topic of several recent research reports. StockNews.com started coverage on SFL in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. DNB Markets upgraded SFL from a “hold” rating to a “buy” rating in a report on Wednesday, August 24th.

SFL Company Profile

(Get Rating)

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 is also involved in the charter, purchase, and sale of assets. In addition, it operates in various sectors of the maritime, and shipping and offshore industries, including oil, chemical, oil product, container, and car transportation, as well as dry bulk shipments and drilling rigs.

Further Reading

Earnings History for SFL (NYSE:SFL)

Receive News & Ratings for SFL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SFL and related companies with MarketBeat.com's FREE daily email newsletter.