International Seaways (INSW) to Release Quarterly Earnings on Thursday

International Seaways (NYSE:INSW - Get Free Report) is expected to be releasing its Q1 2025 earnings data before the market opens on Thursday, May 8th. Analysts expect International Seaways to post earnings of $0.59 per share and revenue of $176.49 million for the quarter.

International Seaways Stock Up 0.9 %

Shares of NYSE INSW traded up $0.34 during mid-day trading on Tuesday, reaching $36.76. The company had a trading volume of 448,875 shares, compared to its average volume of 744,841. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.60 and a current ratio of 3.60. International Seaways has a twelve month low of $27.20 and a twelve month high of $65.94. The stock's 50 day moving average is $33.15 and its 200-day moving average is $37.08. The stock has a market capitalization of $1.81 billion, a PE ratio of 3.57 and a beta of -0.01.

International Seaways Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.31%. The ex-dividend date was Friday, March 14th. International Seaways's payout ratio is currently 5.72%.

Analysts Set New Price Targets

INSW has been the subject of several research reports. SEB Equity Research set a $50.00 price target on International Seaways in a report on Friday, January 24th. Jefferies Financial Group reissued a "buy" rating and issued a $58.00 target price on shares of International Seaways in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $57.50.

Insider Buying and Selling at International Seaways

In related news, CEO Lois K. Zabrocky sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $31.66, for a total transaction of $63,320.00. Following the completion of the sale, the chief executive officer now owns 198,771 shares in the company, valued at $6,293,089.86. This represents a 1.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP William F. Nugent sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $33.89, for a total value of $33,890.00. Following the completion of the sale, the senior vice president now directly owns 55,852 shares in the company, valued at $1,892,824.28. This trade represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,400 shares of company stock worth $380,086 over the last 90 days. Insiders own 1.90% of the company's stock.

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.