B. Riley Cuts Earnings Estimates for International Seaways

International Seaways Inc. (NYSE:INSW - Free Report) - Research analysts at B. Riley lowered their FY2026 earnings estimates for shares of International Seaways in a research report issued to clients and investors on Wednesday, July 9th. B. Riley analyst L. Burke now expects that the transportation company will earn $4.43 per share for the year, down from their previous forecast of $4.64. The consensus estimate for International Seaways' current full-year earnings is $7.77 per share.

Separately, Jefferies Financial Group reaffirmed a "buy" rating and set a $48.00 price target on shares of International Seaways in a research note on Thursday, May 8th.

International Seaways Stock Down 2.0%

NYSE INSW traded down $0.78 during trading hours on Friday, reaching $39.26. 548,853 shares of the company's stock were exchanged, compared to its average volume of 806,693. International Seaways has a one year low of $27.20 and a one year high of $58.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.75 and a current ratio of 2.76. The company's 50-day moving average is $38.14 and its two-hundred day moving average is $36.38. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 6.07 and a beta of 0.05.

International Seaways (NYSE:INSW - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.21. International Seaways had a net margin of 37.39% and a return on equity of 14.98%. The business had revenue of $178.34 million for the quarter, compared to the consensus estimate of $176.49 million. During the same quarter in the prior year, the company earned $2.92 EPS. The firm's quarterly revenue was down 32.9% on a year-over-year basis.

International Seaways Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, June 12th. International Seaways's dividend payout ratio is currently 7.42%.

Insider Buying and Selling at International Seaways

In other news, SVP Derek G. Solon sold 1,500 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $38.22, for a total value of $57,330.00. Following the completion of the transaction, the senior vice president owned 55,893 shares of the company's stock, valued at approximately $2,136,230.46. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lois K. Zabrocky sold 2,000 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $31.66, for a total value of $63,320.00. Following the completion of the sale, the chief executive officer owned 198,771 shares in the company, valued at $6,293,089.86. This trade represents a 1.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,500 shares of company stock valued at $382,570 in the last ninety days. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its holdings in shares of International Seaways by 111.5% in the 4th quarter. Bank of New York Mellon Corp now owns 325,267 shares of the transportation company's stock worth $11,690,000 after purchasing an additional 171,498 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of International Seaways by 7.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 463,611 shares of the transportation company's stock valued at $16,662,000 after purchasing an additional 32,953 shares in the last quarter. Victory Capital Management Inc. raised its position in International Seaways by 25.2% in the 4th quarter. Victory Capital Management Inc. now owns 194,426 shares of the transportation company's stock worth $6,988,000 after purchasing an additional 39,131 shares during the period. Raymond James Financial Inc. bought a new stake in International Seaways in the fourth quarter worth $1,837,000. Finally, Larson Financial Group LLC bought a new stake in International Seaways in the fourth quarter worth $37,000. 67.29% of the stock is owned by institutional investors.

International Seaways Company Profile

International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments: Crude Tankers and Product Carriers. As of December 31, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities.