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Seaspan Company Profile (NYSE:SSW)

Consensus Ratings for Seaspan (NYSE:SSW) (?)
Ratings Breakdown: 2 Sell Rating(s), 4 Hold Rating(s), 1 Buy Rating(s)
Consensus Rating:Hold (Score: 1.86)
Consensus Price Target: $15.80 (13.18% upside)

Analysts' Ratings History for Seaspan (NYSE:SSW)
Show:
DateFirmActionRatingPrice TargetActions
5/24/2016Deutsche BankDowngradeBuy -> Hold$25.00 -> $12.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/1/2016BarclaysDowngradeEqual Weight -> Underweight$15.00 -> $14.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/15/2016Jefferies GroupReiterated RatingBuy$25.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
12/18/2015JPMorgan Chase & Co.Initiated CoverageUnderweight$13.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
11/20/2015Wells FargoDowngradeOutperform -> Market Perform$19.00 -> $15.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
11/4/2015BB&T Corp.Reiterated RatingHoldView Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/21/2015Clarkson CapitalDowngradeBuy -> NeutralView Rating Details  Tweet This Rating  Share This Rating on StockTwits
2/20/2015Seaport Global SecuritiesInitiated CoverageNeutralView Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/13/2015Citigroup Inc.Reiterated RatingHold$22.00 -> $18.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/22/2014Credit SuisseUpgradeUnderperform -> Neutral$20.00 -> $21.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/29/2014Bank of AmericaDowngradeNeutral -> Underperform$25.00 -> $22.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 6/30/2014 forward)
Earnings History for Seaspan (NYSE:SSW)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
7/26/2016        
4/25/2016Q1$0.30$0.33$216.11 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/2/2015Q315$0.28$0.30$212.00 million$212.86 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/28/2015Q215$0.24$0.22$200.01 million$387.70 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/27/2015Q115$0.23$0.25$188.10 million$188.55 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/23/2015Q414$0.27$0.27$189.87 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/3/2014Q314$0.26$0.54$184.30 million$185.90 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/28/2014Q214$0.22$0.19$175.45 million$173.87 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/28/2014Q114$0.22$0.18$170.29 million$168.00 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
3/3/2014Q413$0.25$0.25$171.41 million$172.00 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/30/2013Q313$0.21$0.28$168.83 million$172.40 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/29/2013Q2 2013$0.24$0.18$166.93 million$167.79 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
3/5/2013Q4 2012$0.28$0.46$167.68 million$169.80 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/30/2012Q312$0.32$0.30$168.60 million$168.67 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/1/2012$0.31$0.35ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/29/2012$0.28$0.31ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/1/2011$0.28$0.29ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/4/2011$0.26$0.24ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/5/2011$0.29$0.24ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
3/14/2011$0.32$0.31ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)
Earnings Estimates for Seaspan (NYSE:SSW)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.29$0.31$0.30
Q2 20162$0.27$0.29$0.28
Q3 20162$0.29$0.30$0.30
Q4 20162$0.28$0.30$0.29
(Data provided by Zacks Investment Research)
Current Dividend Information for Seaspan (NYSE:SSW)
Annual Dividend:$1.38
Dividend Yield:9.89%
Payout Ratio:111.29%
Dividend Growth:16.20% (3 Year Average)

Dividend History for Seaspan (NYSE:SSW)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable DateShare
4/12/2016quarterly$0.388.39%4/18/20164/20/20165/2/2016Tweet This Announcement  Share This Announcement on StockTwits
1/12/2016quarterly$0.389.89%1/15/20161/20/20162/1/2016Tweet This Announcement  Share This Announcement on StockTwits
10/13/2015quarterly$0.389%10/16/201510/20/201510/30/2015Tweet This Announcement  Share This Announcement on StockTwits
7/13/2015quarterly$0.387.75%7/16/20157/20/20157/30/2015Tweet This Announcement  Share This Announcement on StockTwits
4/13/2015quarterly$0.387.79%4/16/20154/20/20154/30/2015Tweet This Announcement  Share This Announcement on StockTwits
1/13/2015quarterly$0.357.67%1/20/20151/22/20151/30/2015Tweet This Announcement  Share This Announcement on StockTwits
10/14/2014quarterly$0.357.65%10/16/201410/20/201410/30/2014Tweet This Announcement  Share This Announcement on StockTwits
7/15/2014quarterly$0.355.82%7/17/20147/21/20147/30/2014Tweet This Announcement  Share This Announcement on StockTwits
4/14/2014quarterly$0.356.28%4/16/20144/21/20144/30/2014Tweet This Announcement  Share This Announcement on StockTwits
2/6/2014quarterly$0.315.5%2/13/20142/18/20142/26/2014Tweet This Announcement  Share This Announcement on StockTwits
11/1/2013quarterly$0.315.44%11/14/201311/18/201311/27/2013Tweet This Announcement  Share This Announcement on StockTwits
7/31/2013quarterly$0.315.89%8/8/20138/12/20138/21/2013Tweet This Announcement  Share This Announcement on StockTwits
5/1/2013quarterly$0.315.71%5/16/20135/20/20135/30/2013Tweet This Announcement  Share This Announcement on StockTwits
2/7/2013quarterly$0.255.01%2/14/20132/19/20132/27/2013Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2013 forward)
Insider Trading History for Seaspan (NYSE:SSW)
No insider trades for this company have been tracked by MarketBeat.com

Latest Headlines for Seaspan (NYSE:SSW)
DateHeadline
06/30/16 09:45 AMWhy Has Seaspan Corporation's Stock Been a Sinking Ship in 2016? - The containership leasing company is down 11% so far this year.
06/30/16 09:21 AMSeaspan paying $195.6M for two newbuilding vessels
06/29/16 04:46 PM5:46 pm Seaspan acquired two newbuilding 11000 TEU vessels from Greater China Intermodal Investments for a total purchase price of $195.6 mln; expected to be accretive -
06/29/16 04:43 PMSeaspan Acquires Two Newbuilding Vessels and Associated 17-Year Charters for $195.6 Million - [PR Newswire] - HONG KONG, CHINA, June 29, 2016 /PRNewswire/ - Seaspan Corporation ("Seaspan") (SSW) announced today that it has acquired two newbuilding 11000 TEU vessels from Greater China Intermodal Investments LLC ("GCI") for a total purchase price of $195.6 million. Seaspan will assume a total of approximately $88.1 million in remaining instalments under the shipbuilding contracts for these vessels as partial consideration for the purchase price.
06/28/16 06:28 PMExchange Traded Debt: Income For The Yield-Starved - Part II, The Post-Brexit Edition - Seeking Alpha
06/28/16 10:42 AMNew Broker Ratings For Seaspan Corporation (NYSE:SSW) - FTSE News
06/27/16 10:25 AMSeaspan Corporation (NYSE:SSW) Broker Price Targets For The Coming Week - Fiscal Standard
06/26/16 10:31 AMTop Picks For Transports, Post Brexit Carnage - Seeking Alpha
06/24/16 09:08 AMShare Update and Earnings Review for Seaspan Corporation (NYSE:SSW) - Press Telegraph
06/23/16 09:11 AMAs Expanded Panama Canal Prepares to Open, New York Isn’t Ready
06/22/16 06:32 PMAs Expanded Panama Canal Prepares to Open, New York Isn't Ready - Wall Street Journal
06/21/16 06:05 PMLean Long-Term Growth Portfolio Buy Alert - Seaspan Corporation - Seeking Alpha
06/20/16 08:04 AMThe Art And Science Of Preferred Investing: The Screening Of New And Existing Issues - Seeking Alpha
06/17/16 06:17 PMSeaspan Corporation Refuses to Throw a Lifeline to a Sinking Customer - Motley Fool
06/17/16 09:15 AMRecently Issued Stock Ratings For Seaspan Corporation (NYSE:SSW) - Fiscal Standard
06/16/16 09:45 PMHanjin Shipping Suffers Setback as Seaspan Opposes Fee Cut -
06/16/16 08:24 AMSeaspan Announces Closing of $115 Million Public Offering of 8.20% Series G Cumulative Redeemable Perpetual Preferred Shares - [PR Newswire] - HONG KONG, CHINA, June 16, 2016 /PRNewswire/ - Seaspan Corporation ("Seaspan") (NYSE:SSW) announced today that in connection with the previously announced public offering of its 8.20% Series ...
06/15/16 10:13 AMPreferred Risk And Ways To Minimize It - Seeking Alpha
06/14/16 06:14 PMSeaspan Corporation Puts Another $100 Million in the Bank - Motley Fool
06/14/16 06:14 PMSeaspan's 10% Dividend Is Now Even Safer - Seeking Alpha
06/14/16 12:04 PMSEASPAN CORP Financials -
06/09/16 02:09 PMSeaspan Announces Pricing of $100 Million Public Offering of 8.2% Series G Cumulative Redeemable Perpetual Preferred Shares - [at noodls] - 10868634-c074-4551-90a3-f928550574c4.pdf FOR IMMEDIATE RELEASE Seaspan Corporation Unit 2, 2nd Floor, Bupa Centre 141 Connaught Road West Hong Kong, China c/o 2600 - 200 Granville Street Vancouver, BC ...
06/09/16 08:29 AMSeaspan Announces Public Offering of Series G Cumulative Redeemable Perpetual Preferred Shares - [at noodls] - 4b6f2d81-2c42-4e6a-b895-d8c252dc2130.pdf FOR IMMEDIATE RELEASE Seaspan Corporation Unit 2, 2nd Floor, Bupa Centre 141 Connaught Road West Hong Kong, China c/o 2600 - 200 Granville Street Vancouver, BC ...
06/08/16 07:06 PMSEASPAN CORPORATION (NYSE:SSW) Financial Condition Compared to S&P 500 - CML News
06/07/16 09:24 AMWas This Redemption a Smart Move for Seaspan Corporation? - Motley Fool
06/07/16 08:45 AMWas This Redemption a Smart Move for Seaspan Corporation? -
06/06/16 04:44 PMETF’s with exposure to Seaspan Corp. : June 6, 2016 -
06/06/16 10:37 AMSeaspan Corporation: High Yield, Tough Earnings Growth - Seeking Alpha
06/03/16 01:25 PMSeaspan Announces Redemption of Remaining Series C Preferred Shares - [at noodls] - ea612e09-9a6b-46a3-973c-a8359188d5d4.pdf FOR IMMEDIATE RELEASE Seaspan Corporation Unit 2, 2nd Floor, Bupa Centre 141 Connaught Road West Hong Kong, China c/o 2600 - 200 Granville Street Vancouver, BC ...
06/03/16 09:35 AMStock Review and Earnings Check on Seaspan Corporation (NYSE:SSW) - HNN
06/02/16 07:04 PMSeaspan Corporation (NYSE:SSW) Set To Release Quarterly Earnings - Investor Newswire - Seaspan Corporation (NYSE:SSW) Set To Release Quarterly EarningsInvestor NewswireAccording to a group of market experts surveyed by Zacks Research, Seaspan Corporation (NYSE:SSW) is projected to report earnings of $0.26 for its recent quarter. The company plans to release its quarterly report on or around 2016-07-26. It should be ...and more »
05/31/16 09:51 AMHas Seaspan Corporation Done Enough to Shore Up Its Finances? - Motley Fool - Motley FoolHas Seaspan Corporation Done Enough to Shore Up Its Finances?Motley FoolSeaspan Corporation (NYSE:SSW) had a problem going into 2016. It had a bold growth plan with several newbuilds under construction, but still had to figure out how to fund that growth. However, after announcing a number of financing transactions which ...and more »
05/31/16 09:05 AMHas Seaspan Corporation Done Enough to Shore Up Its Finances? -
05/30/16 09:21 AMSeaspan Corporation (NYSE:SSW) Shorted Shares Increased By 0.66% - HNN - Seaspan Corporation (NYSE:SSW) Shorted Shares Increased By 0.66%HNNThe stock of Seaspan Corporation (NYSE:SSW) registered an increase of 0.66% in short interest. SSW's total short interest was 2.85M shares in May as published by FINRA. Its up 0.66% from 2.83 million shares, reported previously. With 264,800 shares ...and more »
05/29/16 10:55 PMStock Rating Review for Seaspan Corporation (NYSE:SSW) - HNN - Stock Rating Review for Seaspan Corporation (NYSE:SSW)HNNInvestors may choose to follow the views of professional Wall Street analysts that regularly track the company. Covering equity analysts presently have a consensus stock rating of 3.33 on shares of Seaspan Corporation (NYSE:SSW). Covering analysts will ...and more »
05/27/16 09:12 AMEarnings Review and Stock Rundown for Seaspan Corporation (NYSE:SSW) - Wall Street Hints and News - Earnings Review and Stock Rundown for Seaspan Corporation (NYSE:SSW)Wall Street Hints and NewsInvestors and analysts will be paying close attention when the company posts earnings results. Earnings numbers can provide insight into a company's overall profitability. Covering equity analysts are expecting Seaspan Corporation (NYSE:SSW) to post ...and more »
05/27/16 09:12 AMSeaspan (SSW) Says Eighth 14000 TEU SAVER Containership 'Accepted for Delivery' - StreetInsider.com - Seaspan (SSW) Says Eighth 14000 TEU SAVER Containership 'Accepted for Delivery'StreetInsider.comSays Seaspan Corporation (NYSE: SSW) announced that it accepted delivery of a 14000 TEU containership, the YM Width. The new containership, which was constructed at CSBC Corporation, Taiwan ("CSBC") is Seaspan's eighth 14000 TEU SAVER ...Seaspan Accepts Delivery of Eighth 14000 TEU SAVER ContainershipMarketwired (press release)all 1 news articles »
05/27/16 08:56 AMSeaspan Announces Additional Partial Redemption of Series C Preferred Shares - [Marketwired] - Seaspan Corporation announced today that it will exercise its right to redeem 3,400,000 shares of its 9.50% Series C Cumulative Redeemable Perpetual Preferred Shares on June 13, 2016 . The Series C Preferred ...
05/27/16 07:59 AMSeaspan Announces Closing of $100 Million Class A Common Share Offerings - [Marketwired] - Seaspan Corporation announced today that in connection with the previously announced public offering of its Class A common shares , the underwriters have exercised their option to purchase an additional ...
05/27/16 06:57 AMSeaspan Accepts Delivery of Eighth 14000 TEU SAVER Containership - [at noodls] - 30848620-2cdc-4703-82e2-f45ccf488450.pdf FOR IMMEDIATE RELEASE Seaspan Corporation Unit 2, 2nd Floor, Bupa Centre 141 Connaught Road West Hong Kong, China c/o 2600 - 200 Granville Street Vancouver, BC ...
05/26/16 06:03 PMLatest Analyst Ratings For Seaspan Corporation (NYSE:SSW) - Share Trading News - ForbesLatest Analyst Ratings For Seaspan Corporation (NYSE:SSW)Share Trading NewsSeaspan Corporation has a 50 day moving average of 16.83 and a 200 day moving average of 16.33. The stock's market capitalization is 1.44B, it has a 52-week low of 13.67 and a 52-week high of 20.87. The share price of the company (NYSE:SSW) was up ...Seaspan Corporation (NYSE:SSW): Sell-Side Analysts Take on EarningsNews TribuneInvestors Snag SSW Even Cheaper Than Its Secondary Stock OfferingForbesall 3 news articles »
05/26/16 12:27 PMThales signs OFSV contract with Seaspan’s Vancouver Shipyards - [at noodls] - Key Points $35M (CAD) contract for the electronic systems on three Offshore Fisheries Science Vessels. OFSVs built for the Canadian Coast Guard by Seaspan's Vancouver Shipyards (VSY) under the National ...
05/25/16 11:02 PMBetter Buy: Seaspan Corporation vs. Diana Shipping Inc. - Motley Fool - Motley FoolBetter Buy: Seaspan Corporation vs. Diana Shipping Inc.Motley FoolShips are expensive to build, and shipping companies must borrow heavily in order to grow their fleets. However, as the chart below shows, Diana Shipping has employed less leverage to build its fleet of 46 dry bulk vessels than Seaspan has used to ...and more »
05/25/16 11:02 PMInvestor's Watch List: Sea span Corporation (NYSE:SSW), Endeavour Silver Corp (NYSE:EXK) - NYSE Journal (press release) - Investor's Watch List: Sea span Corporation (NYSE:SSW), Endeavour Silver Corp (NYSE:EXK)NYSE Journal (press release)On Wednesday, Shares of Sea span Corporation (NYSE:SSW), added 0.61% and is now trading at $14.80. The current trading range of the stock ranges between $ 14.67 and $ 14.84. Sea span Corporation declared that it priced its formerly declared public ...
05/25/16 05:52 PMSeaspan (SSW) Stock Sinks After New Share Offering - Shares of the Seaspan Corporation (SSW) were trading down -1.82 or -11.23 percent to $ ... BB&T, RBC Capital Markets, Ladenburg Thalmann and Janney Montgomery Scott will act as co-managers for the offering.
05/24/16 11:08 PMSeaspan (SSW) Stock Sinks After New Share Offering - InvestorGuide - Insider Monkey (blog)Seaspan (SSW) Stock Sinks After New Share OfferingInvestorGuideShares of the Seaspan Corporation (SSW) were trading down -1.82 or -11.23 percent to $14.38 per share in Tuesday's premarket after the company announced it would offer 5 million common shares in an underwriter registered public offering. Seaspan ...Seaspan (SSW) Prices 5M Common Stock Secondary Offering at $14.70/ShareStreetInsider.comWhy Seaspan Corporation (SSW)'s Stock Is Deep in Red on Tuesday?Insider Monkey (blog)Deutsche Bank Lowers Seaspan Co. (SSW) to HoldCommunity Financial NewsTheStreet.com -24/7 Wall St. -Bidness ETCall 23 news articles »
05/24/16 06:00 PMSeaspan (SSW) Prices 5M Common Stock Secondary Offering at $14.70/Share - StreetInsider.com - Insider Monkey (blog)Seaspan (SSW) Prices 5M Common Stock Secondary Offering at $14.70/ShareStreetInsider.comSeaspan Corporation (NYSE: SSW) announced that it priced its previously announced public offering of 5,000,000 Class A common shares (the "Common Shares") at $14.70 per share. Seaspan has granted the underwriters of the offering a 30-day option to ...Why Seaspan Corporation (SSW)'s Stock Is Deep in Red on Tuesday?Insider Monkey (blog)Seaspan (SSW) Stock Sinks After New Share OfferingInvestorGuideDeutsche Bank Lowers Seaspan Co. (SSW) to HoldCommunity Financial NewsBidness ETC -TheStreet.com -Share Trading Newsall 27 news articles »
05/24/16 03:20 PMWhy Seaspan Corporation (SSW)’s Stock Is Deep in Red on Tuesday? -
05/24/16 10:40 AMSeaspan Stumbles on Secondary Pricing -
05/24/16 09:44 AMOpportunities on Seaspan radar in global marketplace volatility - That’s the glass-half-full outlook for the embattled global container shipping sector from the executive suite of multimillion-dollar Seaspan Corp. (NYSE:SSW). The blood comes ... going on,” said Kyle Washington, co-chairman of Seaspan Corp.’s ...
About Seaspan

Seaspan logoSeaspan Corporation is an independent charter owner and manager of containerships. The Company charters primarily pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 28, 2015, the Company operated a fleet of 77 containerships and had contracts for the purchase of an additional 13 newly-built containerships, which have scheduled delivery dates through October 2016. The Company's customers primarily include COSCON, CSCL Asia, HL USA, Hanjin, Hapag-Lloyd, K-Line, MSC, MOL, Norasia, OOCL, Maersk and Yang Ming Marine. The Company's four 4800 TEU vessels are chartered by MSC under bareboat charters, which are contracts for the use of a vessel for a fixed period of time at a specified amount. The Company also provides limited ship management services to Dennis R. Washington's personal vessel owning companies and ship management and construction supervision services to GCI.

Industry, Sector and Symbol:
  • Sector: Services
  • Industry: Shipping
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: SSW
  • CUSIP:
Key Metrics:
  • Previous Close: $14.09
  • 50 Day Moving Average: $15.16
  • 200 Day Moving Average: $16.28
  • P/E Ratio: 10.45
  • P/E Growth: 1.16
  • Market Cap: $1.35B
  • Current Quarter EPS Consensus Estimate: $1.23 EPS
Additional Links:
Seaspan (NYSE:SSW) Chart for Thursday, June, 30, 2016


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