Worldwide Seaways, Inc. (NYSE:INSW – Free Report) – Inventory analysts at B. Riley decreased their FY2024 earnings per share (EPS) estimates for Worldwide Seaways in a analysis observe issued on Thursday, November seventh. B. Riley analyst L. Burke now expects that the transportation firm will earn $7.16 per share for the 12 months, down from their prior forecast of $7.38. The consensus estimate for Worldwide Seaways’ present full-year earnings is $8.44 per share.
Various different analysts have additionally weighed in on INSW. Jefferies Monetary Group restated a “purchase” ranking and issued a $66.00 goal worth on shares of Worldwide Seaways in a analysis observe on Thursday, November seventh. Fearnley Fonds upgraded shares of Worldwide Seaways to a “strong-buy” ranking in a analysis report on Friday, September twenty seventh. StockNews.com downgraded shares of Worldwide Seaways from a “purchase” ranking to a “maintain” ranking in a analysis observe on Thursday, August eighth. Lastly, Stifel Nicolaus lower shares of Worldwide Seaways from a “purchase” ranking to a “maintain” ranking and decreased their worth goal for the corporate from $69.00 to $56.00 in a analysis observe on Wednesday, October twenty third. Two analysts have rated the inventory with a maintain ranking, two have given a purchase ranking and one has assigned a powerful purchase ranking to the corporate’s inventory. Based mostly on knowledge from MarketBeat.com, Worldwide Seaways presently has a consensus ranking of “Average Purchase” and a consensus worth goal of $62.67.
Examine Out Our Newest Inventory Evaluation on Worldwide Seaways
Worldwide Seaways Inventory Down 1.4 %
Shares of INSW opened at $41.96 on Monday. The corporate has a debt-to-equity ratio of 0.35, a present ratio of three.89 and a fast ratio of three.87. The corporate has a market capitalization of $2.08 billion, a P/E ratio of 4.05 and a beta of -0.06. The enterprise’s 50 day easy transferring common is $48.66 and its 200-day easy transferring common is $54.13. Worldwide Seaways has a one 12 months low of $41.50 and a one 12 months excessive of $65.94.
Worldwide Seaways (NYSE:INSW – Get Free Report) final launched its quarterly earnings outcomes on Thursday, November seventh. The transportation firm reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.15. The agency had income of $225.20 million for the quarter, in comparison with analyst estimates of $208.75 million. Worldwide Seaways had a web margin of fifty.91% and a return on fairness of 24.91%. The corporate’s income for the quarter was down 6.8% in comparison with the identical quarter final 12 months. Throughout the identical interval within the earlier 12 months, the enterprise earned $1.99 earnings per share.
Worldwide Seaways Will increase Dividend
The corporate additionally just lately disclosed a quarterly dividend, which can be paid on Friday, December twenty seventh. Shareholders of report on Friday, December thirteenth can be issued a dividend of $1.32 per share. It is a increase from Worldwide Seaways’s earlier quarterly dividend of $0.12. This represents a $5.28 annualized dividend and a yield of 12.58%. The ex-dividend date of this dividend is Friday, December thirteenth. Worldwide Seaways’s payout ratio is presently 4.64%.
Insiders Place Their Bets
In different information, SVP Derek G. Solon bought 1,000 shares of the agency’s inventory in a transaction dated Thursday, September twelfth. The shares have been bought at a mean worth of $49.75, for a complete worth of $49,750.00. Following the transaction, the senior vice chairman now owns 46,887 shares of the corporate’s inventory, valued at roughly $2,332,628.25. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the Securities & Trade Fee, which is obtainable via this hyperlink. In different information, SVP Derek G. Solon bought 1,000 shares of the agency’s inventory in a transaction on Thursday, September twelfth. The inventory was bought at a mean worth of $49.75, for a complete worth of $49,750.00. Following the transaction, the senior vice chairman now immediately owns 46,887 shares within the firm, valued at $2,332,628.25. This commerce represents a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which is obtainable at this hyperlink. Additionally, CEO Lois Okay. Zabrocky bought 2,000 shares of the corporate’s inventory in a transaction dated Monday, September sixteenth. The shares have been bought at a mean worth of $50.30, for a complete worth of $100,600.00. Following the completion of the sale, the chief govt officer now owns 155,475 shares of the corporate’s inventory, valued at $7,820,392.50. This represents a 0.00 % lower of their place. The disclosure for this sale might be discovered right here. Within the final three months, insiders bought 13,000 shares of firm inventory valued at $640,120. 1.90% of the inventory is presently owned by insiders.
Institutional Buying and selling of Worldwide Seaways
Various hedge funds have just lately modified their holdings of INSW. Mirae Asset World Investments Co. Ltd. elevated its stake in Worldwide Seaways by 28.8% within the first quarter. Mirae Asset World Investments Co. Ltd. now owns 24,485 shares of the transportation firm’s inventory valued at $1,303,000 after buying a further 5,469 shares within the final quarter. BNP Paribas Monetary Markets elevated its place in shares of Worldwide Seaways by 101.5% within the 1st quarter. BNP Paribas Monetary Markets now owns 34,543 shares of the transportation firm’s inventory valued at $1,838,000 after shopping for a further 17,399 shares within the final quarter. Swiss Nationwide Financial institution raised its stake in Worldwide Seaways by 7.3% throughout the 1st quarter. Swiss Nationwide Financial institution now owns 72,400 shares of the transportation firm’s inventory value $3,852,000 after shopping for a further 4,900 shares throughout the interval. Encourage Investing LLC purchased a brand new place in Worldwide Seaways throughout the first quarter value about $884,000. Lastly, Headlands Applied sciences LLC grew its stake in Worldwide Seaways by 173.4% within the first quarter. Headlands Applied sciences LLC now owns 905 shares of the transportation firm’s inventory valued at $48,000 after buying a further 574 shares throughout the interval. 67.29% of the inventory is presently owned by institutional traders and hedge funds.
About Worldwide Seaways
Worldwide Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum merchandise within the worldwide flag commerce. It operates in two segments: Crude Tankers and Product Carriers. As of December 31, 2023, the corporate owned a fleet of 73 vessels. It serves unbiased and state-owned oil firms, oil merchants, refinery operators, and worldwide authorities entities.
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