B. Riley Forecasts Lower Earnings for International Seaways

International Seaways Inc. (NYSE:INSW - Free Report) - Investment analysts at B. Riley lowered their FY2026 EPS estimates for International Seaways in a research note issued on Wednesday, July 9th. B. Riley analyst L. Burke now expects that the transportation company will post earnings of $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 reissued a "buy" rating and issued a $48.00 target price on shares of International Seaways in a report on Thursday, May 8th.

International Seaways Price Performance

NYSE:INSW traded up $0.22 during trading hours on Friday, hitting $40.03. 596,295 shares of the stock traded hands, compared to its average volume of 759,168. International Seaways has a 1 year low of $27.20 and a 1 year high of $58.73. The company has a quick ratio of 2.75, a current ratio of 2.76 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 6.19 and a beta of 0.05. The stock has a 50 day moving average price of $38.14 and a 200 day moving average price of $36.38.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Banque Transatlantique SA purchased a new position in shares of International Seaways during the 4th quarter valued at approximately $29,000. Larson Financial Group LLC purchased a new stake in shares of International Seaways during the fourth quarter worth about $37,000. GAMMA Investing LLC increased its stake in shares of International Seaways by 105.1% during the first quarter. GAMMA Investing LLC now owns 1,163 shares of the transportation company's stock worth $39,000 after purchasing an additional 596 shares in the last quarter. Quarry LP increased its stake in shares of International Seaways by 169.0% during the fourth quarter. Quarry LP now owns 1,356 shares of the transportation company's stock worth $49,000 after purchasing an additional 852 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of International Seaways by 87.3% in the first quarter. Blue Trust Inc. now owns 1,583 shares of the transportation company's stock valued at $53,000 after acquiring an additional 738 shares in the last quarter. 67.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Lois K. Zabrocky sold 2,000 shares of International Seaways stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $38.74, for a total value of $77,480.00. Following the transaction, the chief executive officer owned 194,771 shares of the company's stock, valued at $7,545,428.54. The trade was a 1.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP William F. Nugent sold 1,000 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $37.00, for a total value of $37,000.00. Following the sale, the senior vice president owned 59,752 shares in the company, valued at $2,210,824. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,500 shares of company stock worth $382,570 in the last three months. 2.00% of the stock is owned by insiders.

International Seaways Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Thursday, June 12th. International Seaways's dividend payout ratio (DPR) is currently 7.42%.

About International Seaways

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.