Seaspan (SSW) Earning Somewhat Positive News Coverage, Study Shows

News stories about Seaspan (NYSE:SSW) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Seaspan earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the shipping company an impact score of 46.0777664159354 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

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NYSE SSW opened at $7.05 on Tuesday. The stock has a market capitalization of $847.84, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 0.28 and a beta of 0.51. Seaspan has a twelve month low of $5.02 and a twelve month high of $7.91. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.43.

Seaspan (NYSE:SSW) last posted its earnings results on Tuesday, February 27th. The shipping company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.04). The business had revenue of $214.38 million during the quarter, compared to the consensus estimate of $217.56 million. Seaspan had a net margin of 21.08% and a return on equity of 6.79%. During the same period in the previous year, the firm earned $0.21 EPS. research analysts anticipate that Seaspan will post 1.17 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 20th will be paid a $0.125 dividend. The ex-dividend date is Thursday, April 19th. This represents a $0.50 dividend on an annualized basis and a yield of 7.09%. Seaspan’s payout ratio is currently 75.76%.

SSW has been the topic of several research reports. Jefferies Group initiated coverage on shares of Seaspan in a report on Monday, December 18th. They set a “buy” rating and a $20.00 price objective on the stock. ValuEngine downgraded shares of Seaspan from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded shares of Seaspan from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Seaport Global Securities upgraded shares of Seaspan from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Wednesday, January 24th. Finally, Morgan Stanley boosted their price objective on shares of Seaspan from $5.50 to $6.00 and gave the stock an “underweight” rating in a report on Monday, February 12th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.67.

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About Seaspan

Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company charters its containerships under long-term, fixed-rate time charters to various container liner companies. As of February 15, 2018, it operated a fleet of 91 containerships. The company was founded in 2005 and is based in Central, Hong Kong.

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