SFL - SFL Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SFL in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" SFL shares.
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2 analysts have issued 12-month target prices for SFL's stock. Their SFL share price forecasts range from $8.00 to $12.00. On average, they anticipate the company's share price to reach $10.00 in the next twelve months. This suggests that the stock has a possible downside of 1.9%.
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SFL's stock was trading at $8.15 at the beginning of the year. Since then, SFL shares have increased by 25.0% and is now trading at $10.19.
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SFL is scheduled to release its next quarterly earnings announcement on Wednesday, August 31st 2022.
View our SFL earnings forecast.

SFL Co. Ltd. (NYSE:SFL) posted its quarterly earnings results on Thursday, May, 12th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.11. The shipping company had revenue of $152.40 million for the quarter, compared to analyst estimates of $138.71 million. SFL had a net margin of 32.31% and a trailing twelve-month return on equity of 14.36%. The company's revenue for the quarter was up 39.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 EPS.

SFL declared a quarterly dividend on Friday, May 13th. Investors of record on Wednesday, June 15th will be given a dividend of $0.22 per share on Wednesday, June 29th. This represents a $0.88 dividend on an annualized basis and a yield of 8.64%. The ex-dividend date is Tuesday, June 14th. This is an increase from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for SFL.

SFL (NYSE:SFL) pays an annual dividend of $0.88 per share and currently has a dividend yield of 8.88%. SFL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 62.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, SFL will have a dividend payout ratio of 123.94% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SFL.

Based on aggregate information from My MarketBeat watchlists, some companies that other SFL investors own include Energy Transfer (ET), AT&T (T), New Residential Investment (NRZ), Esperion Therapeutics (ESPR), Ford Motor (F), Frontier Communications (FTR), Pfizer (PFE), Frontline (FRO), Annaly Capital Management (NLY) and Main Street Capital (MAIN).

SFL trades on the New York Stock Exchange (NYSE) under the ticker symbol "SFL."

SFL's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Connor Clark & Lunn Investment Management Ltd. (0.39%), Los Angeles Capital Management LLC (0.14%), Jennison Associates LLC (0.08%), Baird Financial Group Inc. (0.07%), Allspring Global Investments Holdings LLC (0.06%) and SG Americas Securities LLC (0.03%).
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Shares of SFL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SFL stock can currently be purchased for approximately $10.19.

SFL (NYSE:SFL) has a market capitalization of $1.41 billion and generates $513.40 million in revenue each year. The shipping company earns $164.34 million in net income (profit) each year or $1.41 on an earnings per share basis.

SFL employs 18 workers across the globe.

SFL's mailing address is 14 PAR-LA-VILLE ROAD, HAMILTON D0, HM 08. The official website for the company is www.sflcorp.com. The shipping company can be reached via phone at (441) 295-9500, via email at ir@shipfinance.no, or via fax at 1-441-295-3494.