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Wall Street analysts expect International Seaways Inc (NYSE:INSW) to post earnings of ($0.78) per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for International Seaways’ earnings. The lowest EPS estimate is ($0.87) and the highest is ($0.74). International Seaways posted earnings of ($0.46) per share during the same quarter last year, which suggests a negative year over year growth rate of 69.6%. The firm is scheduled to announce its next earnings results on Thursday, November 8th.
According to Zacks, analysts expect that International Seaways will report full-year earnings of ($2.33) per share for the current fiscal year, with EPS estimates ranging from ($2.49) to ($2.13). For the next fiscal year, analysts expect that the company will post earnings of $1.13 per share, with EPS estimates ranging from ($0.42) to $3.32. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow International Seaways.
International Seaways (NYSE:INSW) last posted its quarterly earnings results on Wednesday, August 8th. The transportation company reported ($0.71) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.62) by ($0.09). The business had revenue of $56.91 million during the quarter, compared to analysts’ expectations of $46.74 million. International Seaways had a negative return on equity of 6.07% and a negative net margin of 67.42%.
Several research firms have recently weighed in on INSW. Zacks Investment Research raised shares of International Seaways from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Jefferies Financial Group began coverage on shares of International Seaways in a research note on Monday, October 1st. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Stifel Nicolaus began coverage on shares of International Seaways in a research note on Tuesday, September 25th. They issued a “buy” rating and a $25.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. International Seaways has an average rating of “Buy” and an average target price of $28.00.
Shares of NYSE:INSW traded up $0.47 during midday trading on Friday, hitting $21.51. The company’s stock had a trading volume of 153,643 shares, compared to its average volume of 110,339. The company has a current ratio of 1.99, a quick ratio of 1.94 and a debt-to-equity ratio of 0.75. The company has a market cap of $627.64 million, a P/E ratio of -74.17 and a beta of -0.92. International Seaways has a 12-month low of $15.23 and a 12-month high of $24.78.
In other International Seaways news, major shareholder Paulson & Co. Inc. sold 125,000 shares of International Seaways stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $18.15, for a total transaction of $2,268,750.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Bluemountain Capital Managemen sold 163,155 shares of International Seaways stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $21.98, for a total transaction of $3,586,146.90. The disclosure for this sale can be found here. Insiders have sold 2,007,103 shares of company stock worth $41,475,756 over the last ninety days. 0.90% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of the business. Frontier Capital Management Co. LLC raised its stake in shares of International Seaways by 49.8% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,288,592 shares of the transportation company’s stock valued at $29,818,000 after acquiring an additional 428,321 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of International Seaways by 22.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,259,965 shares of the transportation company’s stock valued at $29,156,000 after acquiring an additional 229,499 shares during the period. Northern Trust Corp raised its stake in shares of International Seaways by 2.6% in the 1st quarter. Northern Trust Corp now owns 336,593 shares of the transportation company’s stock valued at $5,924,000 after acquiring an additional 8,488 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of International Seaways by 21.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 175,977 shares of the transportation company’s stock valued at $4,073,000 after acquiring an additional 30,579 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of International Seaways by 7.2% in the 2nd quarter. Bank of America Corp DE now owns 122,703 shares of the transportation company’s stock valued at $2,840,000 after acquiring an additional 8,284 shares during the period. 85.39% of the stock is currently owned by institutional investors.
Brokerages forecast that McKesson Co. (NYSE:MCK) will announce $3.28 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for McKesson’s earnings, with estimates ranging from $3.13 to $3.39. McKesson also reported earnings of $3.28 per share in the same quarter last year. The firm is scheduled to announce its next earnings report before the market opens on Thursday, October 25th.
On average, analysts expect that McKesson will report full year earnings of $13.31 per share for the current financial year, with EPS estimates ranging from $13.19 to $13.40. For the next year, analysts expect that the business will report earnings of $14.35 per share, with EPS estimates ranging from $14.00 to $14.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for McKesson.
McKesson (NYSE:MCK) last announced its quarterly earnings results on Thursday, July 26th. The company reported $2.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.89 by $0.01. McKesson had a negative net margin of 0.18% and a positive return on equity of 25.19%. The firm had revenue of $52.61 billion for the quarter, compared to the consensus estimate of $52.91 billion. During the same period in the prior year, the firm posted $2.47 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year.
A number of brokerages recently issued reports on MCK. Standpoint Research raised shares of McKesson from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. Royal Bank of Canada lowered their price target on shares of McKesson to $158.00 and set a “market perform” rating on the stock in a report on Friday, June 29th. Morgan Stanley decreased their price objective on shares of McKesson from $175.00 to $142.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 3rd. Robert W. Baird downgraded shares of McKesson from an “outperform” rating to a “neutral” rating in a report on Friday, July 20th. Finally, Citigroup decreased their price objective on shares of McKesson from $160.00 to $2.86 and set a “buy” rating on the stock in a report on Friday, July 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $151.99.
NYSE MCK traded down $0.31 during mid-day trading on Monday, reaching $132.39. 1,905,400 shares of the stock were exchanged, compared to its average volume of 1,368,775. McKesson has a 1 year low of $122.49 and a 1 year high of $178.86. The company has a market capitalization of $26.51 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.57 and a current ratio of 1.00.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Tuesday, September 4th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.18%. This is an increase from McKesson’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, August 31st. McKesson’s dividend payout ratio (DPR) is presently 12.36%.
In other McKesson news, Director N Anthony Coles sold 1,350 shares of the stock in a transaction on Friday, August 31st. The shares were sold at an average price of $128.69, for a total transaction of $173,731.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.87% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Fort L.P. purchased a new position in shares of McKesson in the second quarter worth about $110,000. James Hambro & Partners lifted its stake in shares of McKesson by 141.6% in the second quarter. James Hambro & Partners now owns 877 shares of the company’s stock worth $117,000 after buying an additional 514 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of McKesson in the second quarter worth about $118,000. Reilly Financial Advisors LLC lifted its stake in shares of McKesson by 506.8% in the third quarter. Reilly Financial Advisors LLC now owns 898 shares of the company’s stock worth $119,000 after buying an additional 750 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC purchased a new position in shares of McKesson in the first quarter worth about $138,000. 88.25% of the stock is currently owned by institutional investors and hedge funds.