Seaspan Corp. Company Profile (NYSE:SSW)

About Seaspan Corp.

Seaspan Corp. logoSeaspan Corporation is an independent charter owner and manager of containerships. It charters pursuant to long-term, fixed-rate time charters with various container liner companies. It operates a fleet of approximately 90 containerships. Its operating vessels include YM Wish, YM Wellhead, YM Witness, CSCL Manzanillo and Guayaquil Bridge. Its over four 4,800 20-foot equivalent unit (TEU) vessels are chartered by Mediterranean Shipping Company S.A. under bareboat charters, which are contracts for the use of a vessel for a fixed period of time. It is responsible for the operation and management of vessel, including maintaining the vessel, periodic dry-docking, cleaning and painting and performing work required by regulations under each of the time charters. It also provides limited ship management services to Dennis R. Washington's personal vessel owning companies, and ship management and construction supervision services to Greater China Intermodal Investments LLC (GCI).

Industry, Sector and Symbol:
  • Sector: Transportation
  • Industry: Shipping
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: SSW
  • CUSIP:
Key Metrics:
  • Previous Close: $13.94
  • 50 Day Moving Average: $14.37
  • 200 Day Moving Average: $15.67
  • 52-Week Range: $105,297,000.00 - $13.30
  • Trailing P/E Ratio: 16.10
  • Foreward P/E Ratio: 12.67
  • P/E Growth: 1.59
  • Market Cap: $1.47B
  • Outstanding Shares: 105,297,000
  • Beta: 1.37
Profitability:
  • Net Margins: 16.10%
  • Return on Equity: 10.41%
  • Return on Assets: 2.99%
Debt:
  • Debt-to-Equity Ratio: 1.75%
  • Current Ratio: 1.32%
  • Quick Ratio: 1.32%
Additional Links:
Companies Related to Seaspan Corp.:

Analyst Ratings

Consensus Ratings for Seaspan Corp. (NYSE:SSW) (?)
Ratings Breakdown: 2 Sell Ratings, 4 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 1.86)
Consensus Price Target: $15.80 (13.34% upside)

Analysts' Ratings History for Seaspan Corp. (NYSE:SSW)
Show:
DateFirmActionRatingPrice TargetDetails
5/24/2016Deutsche Bank AGDowngradeBuy -> Hold$25.00 -> $12.00View Rating Details
4/1/2016Barclays PLCDowngradeEqual Weight -> Underweight$15.00 -> $14.00View Rating Details
3/15/2016Jefferies GroupReiterated RatingBuy$25.00View Rating Details
12/18/2015JPMorgan Chase & Co.Initiated CoverageUnderweight$13.00View Rating Details
11/20/2015Wells Fargo & Co.DowngradeOutperform -> Market Perform$19.00 -> $15.00View Rating Details
11/4/2015BB&T Corp.Reiterated RatingHoldView Rating Details
10/21/2015Clarkson CapitalDowngradeBuy -> NeutralView Rating Details
2/20/2015Seaport Global SecuritiesInitiated CoverageNeutralView Rating Details
1/13/2015Citigroup Inc.Reiterated RatingHold$22.00 -> $18.00View Rating Details
10/22/2014Credit Suisse Group AGUpgradeUnderperform -> Neutral$20.00 -> $21.00View Rating Details
(Data available from 9/26/2014 forward)

Earnings

Earnings History for Seaspan Corp. (NYSE:SSW)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2016        
7/25/2016Q216$0.28$0.30$217.74 million$224.31 millionViewN/AView Earnings Details
4/25/2016Q1$0.30$0.33$216.11 millionViewN/AView Earnings Details
11/2/2015Q315$0.28$0.30$212.00 million$212.86 millionViewListenView Earnings Details
7/28/2015Q215$0.24$0.22$200.01 million$387.70 millionViewListenView Earnings Details
4/27/2015Q115$0.23$0.25$188.10 million$188.55 millionViewListenView Earnings Details
2/23/2015Q414$0.27$0.27$189.87 millionViewListenView Earnings Details
11/3/2014Q314$0.26$0.54$184.30 million$185.90 millionViewN/AView Earnings Details
7/28/2014Q214$0.22$0.19$175.45 million$173.87 millionViewN/AView Earnings Details
4/28/2014Q114$0.22$0.18$170.29 million$168.00 millionViewN/AView Earnings Details
3/3/2014Q413$0.25$0.25$171.41 million$172.00 millionViewN/AView Earnings Details
10/30/2013Q313$0.21$0.28$168.83 million$172.40 millionViewN/AView Earnings Details
7/29/2013Q2 2013$0.24$0.18$166.93 million$167.79 millionViewN/AView Earnings Details
3/5/2013Q4 2012$0.28$0.46$167.68 million$169.80 millionViewN/AView Earnings Details
10/30/2012Q312$0.32$0.30$168.60 million$168.67 millionViewN/AView Earnings Details
8/1/2012$0.31$0.35ViewN/AView Earnings Details
2/29/2012$0.28$0.31ViewN/AView Earnings Details
11/1/2011$0.28$0.29ViewN/AView Earnings Details
8/4/2011$0.26$0.24ViewN/AView Earnings Details
5/5/2011$0.29$0.24ViewN/AView Earnings Details
3/14/2011$0.32$0.31ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Seaspan Corp. (NYSE:SSW)
Current Year EPS Consensus Estimate: $1.22 EPS
Next Year EPS Consensus Estimate: $1.1 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.29$0.31$0.30
Q2 20162$0.27$0.29$0.28
Q3 20162$0.29$0.30$0.30
Q4 20162$0.28$0.30$0.29
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Seaspan Corp. (NYSE:SSW)
Annual Dividend:$1.50
Dividend Yield:10.76%
Dividend Growth:16.20% (3 Year Average)
Payout Ratio:172.41% (Based on Trailing 12 Months of Earnings)
122.95% (Based on Current Year Consensus EPS Estimate)
136.36% (Based on Next Year Consensus EPS Estimate)
Track Record:4 Years of Consecutive Dividend Growth

Dividend History for Seaspan Corp. (NYSE:SSW)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/12/2016quarterly$0.3810.01%7/18/20167/20/20168/1/2016
4/12/2016quarterly$0.388.39%4/18/20164/20/20165/2/2016
1/12/2016quarterly$0.389.89%1/15/20161/20/20162/1/2016
10/13/2015quarterly$0.389%10/16/201510/20/201510/30/2015
7/13/2015quarterly$0.387.75%7/16/20157/20/20157/30/2015
4/13/2015quarterly$0.387.79%4/16/20154/20/20154/30/2015
1/13/2015quarterly$0.357.67%1/20/20151/22/20151/30/2015
10/14/2014quarterly$0.357.65%10/16/201410/20/201410/30/2014
7/15/2014quarterly$0.355.82%7/17/20147/21/20147/30/2014
4/14/2014quarterly$0.356.28%4/16/20144/21/20144/30/2014
2/6/2014quarterly$0.315.5%2/13/20142/18/20142/26/2014
11/1/2013quarterly$0.315.44%11/14/201311/18/201311/27/2013
7/31/2013quarterly$0.315.89%8/8/20138/12/20138/21/2013
5/1/2013quarterly$0.315.71%5/16/20135/20/20135/30/2013
2/7/2013quarterly$0.255.01%2/14/20132/19/20132/27/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Seaspan Corp. (NYSE:SSW)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Latest Headlines for Seaspan Corp. (NYSE:SSW)
DateHeadline
investornewswire.com logoSeaspan Corporation (NYSE:SSW): Stock Rating Update - Investor Newswire (NYSE:SSW)
www.investornewswire.com - September 24 at 6:41 PM
fool.com logoSeaspan Corporation in 6 Charts - Motley Fool (NYSE:SSW)
www.fool.com - September 24 at 6:41 PM
seekingalpha.com logoTransports Week In Review - Downward GDP Revisions Continue To Place Pressure On Markets (NYSE:SSW)
seekingalpha.com - September 24 at 11:22 AM
News IconFinancial impact of Hanjin collapse downplayed in B.C. (NYSE:SSW)
www.biv.com - September 23 at 6:53 PM
fool.com logoSeaspan Corporation in 6 Charts (NYSE:SSW)
www.fool.com - September 23 at 2:54 PM
News IconWhat are Research Firms Saying About Seaspan Corporation (NYSE:SSW)? - Frisco Fastball (NYSE:SSW)
friscofastball.com - September 21 at 7:00 PM
investornewswire.com logoShares Of Seaspan Corporation (NYSE:SSW) Expected To Hit $25 - Investor Newswire (NYSE:SSW)
www.investornewswire.com - September 21 at 7:00 PM
wsj.com logoGuest Voices: Shipping Banks Face Sinking Prospects as They Postpone Reckoning (NYSE:SSW)
www.wsj.com - September 20 at 10:58 AM
mysmartrend.com logoShares of SSW Down 22.7% Since Downtrend Call on Shares (NYSE:SSW)
www.mysmartrend.com - September 20 at 10:58 AM
News IconHanjin Aims to Sell More Than Half Its Ships (NYSE:SSW)
ih.advfn.com - September 16 at 7:11 PM
investornewswire.com logoExpected For Seaspan Corporation (NYSE:SSW) Sales Of $944.496 - Investor Newswire (NYSE:SSW)
www.investornewswire.com - September 16 at 11:01 AM
realistinvestor.com logoResearch Analysts Set Seaspan Corporation (NYSE:SSW)'s Price Target At $16 - RealistInvestor.com (NYSE:SSW)
www.realistinvestor.com - September 16 at 11:01 AM
News IconSecond ship from bankrupt Hanjin allowed into California ports (NYSE:SSW)
www.todayonline.com - September 14 at 11:51 AM
wsj.com logoThree Hanjin Shipping Charter Vessels Are Sold (NYSE:SSW)
www.wsj.com - September 14 at 11:51 AM
finance.yahoo.com logoSeaspan CEO: Hanjin Fallout Is Like Lehman for Shipping (NYSE:SSW)
finance.yahoo.com - September 13 at 11:57 AM
reuters.com logoHanjin ship unloads in U.S. as fresh funds pledged (NYSE:SSW)
www.reuters.com - September 12 at 6:59 PM
mysmartrend.com logoSeaspan Has Returned 21.9% Since SmarTrend Recommendation (SSW) (NYSE:SSW)
www.mysmartrend.com - September 12 at 6:59 PM
fidaily.com logoSeaspan Corporation Seaspan Cor (SSW) Reached a New 52-Week Low (NYSE:SSW)
www.fidaily.com - September 12 at 6:59 PM
reuters.com logoHanjin ship unloads in US as fresh funds pledged - Reuters (NYSE:SSW)
www.reuters.com - September 12 at 11:41 AM
News IconSeaspan Starts Fixed-rate Charter with Maersk Line (NYSE:SSW)
www.marinelink.com - September 11 at 11:22 AM
News IconWhat are Brokerage Firms Saying About Seaspan Corporation (NYSE:SSW)? - Frisco Fastball (NYSE:SSW)
friscofastball.com - September 10 at 11:34 AM
News IconSeaspan Accepts Delivery of Eleventh 10000 TEU SAVER Containership and Commences Fixed-Rate Time Charter ... - Hellenic Shipping News Worldwide (NYSE:SSW)
www.hellenicshippingnews.com - September 9 at 7:04 PM
publicnow.com logoSeaspan Accepts Delivery of Eleventh 10000 TEU SAVER Containership and Commences Fixed-Rate Time Charter with Maersk Line (NYSE:SSW)
www.publicnow.com - September 9 at 11:37 AM
investornewswire.com logoSeaspan Corporation (NYSE:SSW) Expects Sales Of $944.496 - Investor Newswire (NYSE:SSW)
www.investornewswire.com - September 7 at 7:35 PM
News IconPlacing Seaspan Corporation (NYSE:SSW) Shares Under the Microscope - Post News (NYSE:SSW)
www.kentuckypostnews.com - September 7 at 7:35 PM
nasdaq.com logoSeaspan Corp Enters Oversold Territory (NYSE:SSW)
www.nasdaq.com - September 2 at 7:23 PM
News IconWill Seaspan Corporation Raise Its Dividend in 2017? - Madison.com (NYSE:SSW)
host.madison.com - August 31 at 12:27 PM
seekingalpha.com logoSeaspan Dividend Looks Solid, Neutral On Stock Price Due To Market Headwinds (NYSE:SSW)
seekingalpha.com - August 30 at 7:24 PM
fool.com logoWill Seaspan Corporation Raise Its Dividend in 2017? (NYSE:SSW)
www.fool.com - August 30 at 2:19 PM
4-traders.com logoSeaspan : Closes $80 Million Public Offering of 8.20% Series G Cumulative Redeemable Perpetual Preferred Shares (NYSE:SSW)
www.4-traders.com - August 27 at 11:39 AM
capitalcube.com logoETF’s with exposure to Seaspan Corp. : August 26, 2016 (NYSE:SSW)
www.capitalcube.com - August 26 at 7:13 PM
forbes.com logoInvestors Snatch SSW Even Lower Than Its Secondary Stock Offering (NYSE:SSW)
www.forbes.com - August 25 at 11:53 AM
publicnow.com logoSeaspan Closes $80 Million Public Offering of 8.20% Series G Cumulative Redeemable Perpetual Preferred Shares (NYSE:SSW)
www.publicnow.com - August 25 at 11:53 AM
investornewswire.com logoSeaspan Corporation (NYSE:SSW) Reports Sales Of $224.314, Surprising Estimates By 2.756% - Investor Newswire (NYSE:SSW)
www.investornewswire.com - August 24 at 7:17 PM
News IconWhat Does the Consensus Have to Say About Seaspan Corporation (NYSE:SSW) Shares? - Post News (NYSE:SSW)
www.kentuckypostnews.com - August 24 at 10:42 AM
News IconWill Seaspan Corporation (NYSE:SSW) Meet Analyst Targets? (NYSE:SSW)
magseriesusa.net - August 23 at 12:07 PM
fidaily.com logoWith Shares Trading down at $14.97 Seaspan Announces Public Offering of… (NYSE:SSW)
www.fidaily.com - August 18 at 10:41 AM
seekingalpha.com logoSeaspan announces pricing of preferred share follow-on offering (NYSE:SSW)
seekingalpha.com - August 18 at 10:41 AM
publicnow.com logoSeaspan Announces Pricing of $80 Million Follow-On Offering of 8.20% Series G Cumulative Redeemable Perpetual Preferred Shares (NYSE:SSW)
www.publicnow.com - August 18 at 10:41 AM
investornewswire.com logoAnalysts See Sales Of $944.496 For Seaspan Corporation (NYSE:SSW) - Investor Newswire (NYSE:SSW)
www.investornewswire.com - August 17 at 7:57 PM
investornewswire.com logoWill Seaspan Corporation (NYSE:SSW) Hit $25 Price Target? - Investor Newswire (NYSE:SSW)
www.investornewswire.com - August 17 at 7:57 PM
publicnow.com logoSeaspan Announces Public Offering of Series G Cumulative Redeemable Perpetual Preferred Shares Led by ICBC International (NYSE:SSW)
www.publicnow.com - August 17 at 7:57 PM
finance.yahoo.com logoContainer & Liner Shipping and Container Leasing Panel Discussions With Major Listed Company Executives at Capital Link's New York Maritime Forum on Tuesday, September 13, 2016 - New York City (NYSE:SSW)
finance.yahoo.com - August 17 at 10:36 AM
fool.com logo3 Things Seaspan Corporation's CEO Wants You to Know -- The ... - Motley Fool (NYSE:SSW)
www.fool.com - August 15 at 7:56 PM
seekingalpha.com logoTransports Week In Review - It's A Stock-Picker's Market (NYSE:SSW)
seekingalpha.com - August 13 at 7:08 PM
seekingalpha.com logoThe Top 10 Reasons To Speculate On This 13.3% Yielder (NYSE:SSW)
seekingalpha.com - August 11 at 10:53 AM
finance.yahoo.com logoSeaspan Announces Closing of $225 Million Public Offering of 7.875% Series H Cumulative Redeemable Perpetual Preferred Shares (NYSE:SSW)
finance.yahoo.com - August 11 at 10:53 AM
finance.yahoo.com logoSEASPAN CORP Financials (NYSE:SSW)
finance.yahoo.com - August 10 at 8:05 PM
News IconSeaspan Announces Public Providing of Collection H Cumulative Redeemable Perpetual Preferred Shares. South Carolina SC (NYSE:SSW)
www.southcarolinasc.com - August 4 at 8:03 PM
fidaily.com logoShares now up at $15.15 Seaspan Announces Public Offering of… (NYSE:SSW)
www.fidaily.com - August 4 at 8:03 PM

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Seaspan Corp. (NYSE:SSW) Chart for Monday, September, 26, 2016


Last Updated on 9/26/2016 by MarketBeat.com Staff