SFL (SFL) Projected to Post Quarterly Earnings on Wednesday

SFL (NYSE:SFL - Get Free Report) will likely be releasing its Q1 2025 earnings data before the market opens on Wednesday, May 14th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $183.82 million for the quarter.

SFL Stock Up 0.4 %

Shares of SFL stock traded up $0.03 during trading hours on Friday, reaching $8.31. 808,244 shares of the company's stock were exchanged, compared to its average volume of 1,041,329. The stock has a market cap of $1.21 billion, a P/E ratio of 8.23 and a beta of 0.47. The company has a 50 day moving average of $8.07 and a two-hundred day moving average of $9.54. The company has a current ratio of 0.38, a quick ratio of 0.50 and a debt-to-equity ratio of 1.91. SFL has a fifty-two week low of $6.78 and a fifty-two week high of $14.62.

SFL Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 13.00%. The ex-dividend date of this dividend was Wednesday, March 12th. SFL's dividend payout ratio is currently 106.93%.

Hedge Funds Weigh In On SFL

A hedge fund recently raised its stake in SFL stock. Brighton Jones LLC grew its holdings in SFL Co. Ltd. (NYSE:SFL - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,395 shares of the shipping company's stock after acquiring an additional 1,474 shares during the quarter. Brighton Jones LLC's holdings in SFL were worth $198,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 28.59% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut SFL from a "hold" rating to a "sell" rating in a research report on Thursday, February 13th.

About SFL

SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, chemical transportation, oil products transportation, container transportation, car transportation, and drilling rigs.