SFL (SFL) Scheduled to Post Earnings on Wednesday

SFL (NYSE:SFL) is set to release its earnings data before the market opens on Wednesday, August 14th.

SFL (NYSE:SFL) last announced its quarterly earnings data on Tuesday, May 14th. The shipping company reported $0.37 earnings per share for the quarter. SFL had a return on equity of 11.47% and a net margin of 15.21%. The company had revenue of $229.06 million for the quarter.

SFL Stock Performance

Shares of NYSE:SFL traded down $0.10 during trading on Friday, hitting $11.35. 19,800 shares of the stock were exchanged, compared to its average volume of 830,214. SFL has a 1-year low of $9.94 and a 1-year high of $14.62. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 11.72 and a beta of 0.66. The company’s fifty day simple moving average is $13.11 and its 200-day simple moving average is $13.12. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.29 and a current ratio of 0.29.

SFL Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Tuesday, May 28th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 9.52%. This is an increase from SFL’s previous quarterly dividend of $0.26. SFL’s payout ratio is presently 111.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com upgraded SFL from a “hold” rating to a “buy” rating in a report on Tuesday, July 16th. BTIG Research upped their price objective on SFL from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.33.

SFL Company Profile

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.