International Seaways Inc. (INSW) Expected to Announce Earnings of $0.29 Per Share
Wall Street analysts expect that International Seaways Inc. (NYSE:INSW) will post earnings of $0.29 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for International Seaways’ earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.44. The business is expected to issue its next quarterly earnings results on Wednesday, August 9th.
According to Zacks, analysts expect that International Seaways will report full year earnings of $1.35 per share for the current fiscal year, with EPS estimates ranging from $0.86 to $1.96. For the next fiscal year, analysts anticipate that the business will report earnings of $1.93 per share, with EPS estimates ranging from $1.50 to $2.78. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover International Seaways.
International Seaways (NYSE:INSW) last posted its earnings results on Wednesday, May 10th. The transportation company reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The company had revenue of $84.10 million for the quarter, compared to the consensus estimate of $85 million. International Seaways’s revenue was down 32.6% compared to the same quarter last year.
A number of equities research analysts have recently issued reports on INSW shares. Zacks Investment Research raised shares of International Seaways from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 30th. J P Morgan Chase & Co started coverage on shares of International Seaways in a report on Tuesday, June 13th. They set an “overweight” rating and a $30.00 target price for the company.
International Seaways (INSW) traded up 1.48% during trading on Tuesday, reaching $19.89. 365,738 shares of the company’s stock traded hands. The firm’s market capitalization is $580.97 million. International Seaways has a one year low of $9.00 and a one year high of $21.84. The company has a 50-day moving average price of $20.09 and a 200 day moving average price of $17.97.
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International Seaways Company Profile
International Seaways, Inc and its subsidiaries own and operate a fleet of oceangoing vessels. The Company’s oceangoing vessels engage in the transportation of crude oil and petroleum products in the International Flag trades. The Company’s segments are International Crude Tankers and International Product Carriers.
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