Analysts See $0.17 EPS for Seaspan Corporation (SSW)

July 17, 2017 - By Vivian Park

 Analysts See $0.17 EPS for Seaspan Corporation (SSW)

Wall Street await Seaspan Corporation (NYSE:SSW) to release earnings on July, 24. Analysts forecast EPS of $0.17, down exactly $0.13 or 43.33 % from 2014’s $0.3 EPS. The expected SSW’s profit could reach $17.87 million giving the stock 9.91 P/E in the case that $0.17 earnings per share is reported. After posting $0.15 EPS for the previous quarter, Seaspan Corporation’s analysts now forecast 13.33 % EPS growth. It closed at $6.74 lastly. It is down 64.89% since July 17, 2016 and is downtrending. It has underperformed by 81.59% the S&P500.

Seaspan Corporation (NYSE:SSW) Ratings Coverage

Among 8 analysts covering Seaspan (NYSE:SSW), 0 have Buy rating, 3 Sell and 5 Hold. Therefore 0 are positive. Seaspan had 11 analyst reports since September 18, 2015 according to SRatingsIntel. JP Morgan initiated the stock with “Underweight” rating in Friday, December 18 report. Barclays Capital downgraded Seaspan Corporation (NYSE:SSW) rating on Monday, January 11. Barclays Capital has “Equal Weight” rating and $16 target. The stock of Seaspan Corporation (NYSE:SSW) earned “Sell” rating by Citigroup on Thursday, November 3. The firm earned “Underperform” rating on Monday, May 1 by Credit Suisse. The rating was downgraded by Wells Fargo on Friday, November 20 to “Market Perform”. On Friday, September 18 the stock rating was initiated by BB&T Capital with “Hold”. The firm has “Underweight” rating by Barclays Capital given on Friday, April 1. As per Wednesday, February 1, the company rating was initiated by Morgan Stanley. The stock has “Neutral” rating by Citigroup on Tuesday, May 2. JP Morgan upgraded the shares of SSW in report on Thursday, March 2 to “Neutral” rating.

Seaspan Corporation is an independent charter owner and manager of containerships. The company has market cap of $708.37 million. The Firm charters pursuant to long-term, fixed-rate time charters with various container liner companies. It currently has negative earnings. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.

More important recent Seaspan Corporation (NYSE:SSW) news were published by: Seekingalpha.com which released: “Seaspan Corporation: Heading Higher With A 7.2% Dividend Yield” on July 03, 2017, also Seekingalpha.com published article titled: “The Good Yield Hunting”, Fool.com published: “Seaspan Corporation: The Bear Case From a Bull” on April 11, 2017. More interesting news about Seaspan Corporation (NYSE:SSW) was released by: Prnewswire.com and their article: “Breakfast Technical Briefing on Shipping Stocks — Ship Finance, Seaspan …” with publication date: July 17, 2017.

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