|Bid||0.00 x 800|
|Ask||11.30 x 800|
|Day's Range||10.88 - 11.12|
|52 Week Range||7.35 - 11.75|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||6.34|
|Earnings Date||Nov 7, 2019|
|Forward Dividend & Yield||0.50 (4.57%)|
|1y Target Est||11.04|
Seaspan Approaches One Million TEU with Acquisition of Fleet of Six High-Quality Containerships on Long-Term Charter for Total Purchase Price of $380 Million
Reporting Seaspan Corp.'s third-quarter earnings, Bing Chen, president and CEO of the world's largest containership charterer, said the company has increased its portfolio financing program by $500 million, to $1.5 billion, and wants to expand the company's fleet. "We see attractive opportunities among our network of partners and remain very focused on fleet growth at the right price," he said during a call with investment analysts. Chen believes the container shipping industry is stabilizing and "entering a new normal market by consolidation." He said the company will look at both new tonnage and existing ships for possible expansion, but that in the current market the company sees more attractive opportunities in the secondhand market.
Seaspan (SSW) delivered earnings and revenue surprises of 16.67% and -0.17%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Achieves highest quarterly utilization rate since 2011 of 99.6%, Closes $500 million accordion, increasing Portfolio Financing Program to $1.5 billion and finishes the quarter with over $912 million of ...
The Zacks Analyst Blog Highlights: Kinross Gold, Activision Blizzard, Manulife Financial, Vulcan Materials and Seaspan
Despite severe market fluctuations and concerns about global and U.S. economic slowdown, third-quarter 2019 results so far have not been as disappointing as expected initially.
Higher revenues at Ocean Freight and Ocean Services as well as Customs Brokerage and Other Services segments are expected to aid Expeditors' (EXPD) Q3 results.
Seaspan (SSW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Seaspan (SSW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]
Costamare (CMRE) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Readers hoping to buy Seaspan Corporation (NYSE:SSW) for its dividend will need to make their move shortly, as the...
HONG KONG, China , Oct. 7, 2019 /PRNewswire/ - Seaspan Corporation (NYSE:SSW) announced today that the Company's Board of Directors has declared cash dividends on its common and preferred shares as follows: ...
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
The Program initially closed on May 15, 2019 with a total capacity of $1.0 billion, and subsequent to closing of the Accordion, has a total capacity of $1.5 billion. Net proceeds from the Program are intended to be used to repay five secured credit facilities, for general corporate purposes, and may be used in part to finance the acquisition of vessels. Ryan Courson, Chief Financial Officer said, "I am pleased to announce the closing of this expanded Program, which represents a continued improvement to our capital structure and corporate flexibility.