Seaspan Corporation Company Profile (NYSE:SSW)

About Seaspan Corporation (NYSE:SSW)

Seaspan Corporation logoSeaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships. Its operating vessels include YM Wish, YM Wellhead, YM Witness, COSCO Glory, COSCO Development, COSCO Harmony, COSCO Excellence, COSCO Hope, COSCO Fortune, Seaspan Yangtze, CSCL Zeebrugge, CSCL Long Beach, CSCL Oceania, COSCO Vietnam, MOL Emissary, Seaspan Chiwan, Seaspan Ningbo, Seaspan Felixstowe, CSCL Brisbane, Seaspan Santos, Seaspan Loncomilla, Seaspan Lingue, CSCL Montevideo, CSCL Callao, Guayaquil Bridge and Calicanto Bridge. The Company is engaged in the operation and management of vessel, including maintaining the vessel, periodic dry-docking, cleaning and painting and performing work required by regulations.

Industry, Sector and Symbol:
  • Sector: Transportation
  • Industry: Deep Sea Freight
  • Sub-Industry: N/A
  • Symbol: NYSE:SSW
  • CUSIP: N/A
  • Web: www.seaspancorp.com
Capitalization:
  • Market Cap: $896.29 million
  • Outstanding Shares: 117,837,000
Average Prices:
  • 50 Day Moving Avg: $7.09
  • 200 Day Moving Avg: $6.59
  • 52 Week Range: $5.02 - $13.38
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 6.58
  • P/E Growth: 0.52
Sales & Book Value:
  • Annual Revenue: $844 million
  • Price / Sales: 1.05
  • Book Value: $15.35 per share
  • Price / Book: 0.49
Dividend:
  • Annual Dividend: $0.50
  • Dividend Yield: 6.6%
Profitability:
  • EBITDA: $501 million
  • Net Margins: -13.54%
  • Return on Equity: 7.51%
  • Return on Assets: 2.36%
Debt:
  • Debt-to-Equity Ratio: 1.52%
  • Current Ratio: 0.84%
  • Quick Ratio: 0.84%
Misc:
  • Average Volume: 1.23 million shs.
  • Beta: 0.65
  • Short Ratio: 6.54
 

Frequently Asked Questions for Seaspan Corporation (NYSE:SSW)

What is Seaspan Corporation's stock symbol?

Seaspan Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "SSW."

How often does Seaspan Corporation pay dividends? What is the dividend yield for Seaspan Corporation?

Seaspan Corporation declared a quarterly dividend on Tuesday, October 10th. Stockholders of record on Friday, October 20th will be given a dividend of $0.125 per share on Monday, October 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date of this dividend is Thursday, October 19th. View Seaspan Corporation's Dividend History.

How were Seaspan Corporation's earnings last quarter?

Seaspan Corporation (NYSE:SSW) released its quarterly earnings data on Tuesday, February, 28th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.18 by $0.03. The business had revenue of $213.20 million for the quarter, compared to analyst estimates of $213.39 million. Seaspan Corporation had a negative net margin of 13.54% and a positive return on equity of 7.51%. The firm's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 earnings per share. View Seaspan Corporation's Earnings History.

When will Seaspan Corporation make its next earnings announcement?

Seaspan Corporation is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for Seaspan Corporation.

Where is Seaspan Corporation's stock going? Where will Seaspan Corporation's stock price be in 2017?

8 analysts have issued 1-year target prices for Seaspan Corporation's stock. Their predictions range from $4.50 to $10.00. On average, they expect Seaspan Corporation's share price to reach $6.79 in the next year. View Analyst Ratings for Seaspan Corporation.

Who are some of Seaspan Corporation's key competitors?

Who are Seaspan Corporation's key executives?

Seaspan Corporation's management team includes the folowing people:

  • Gerry Wang, Chairman Emeritus, Chief Executive Officer
  • Peter S. Shaerf, Deputy Independent Chair of the Board
  • David Spivak, Chief Financial Officer
  • Rob Grool, President - Fleet Management of Seaspan Ship Management Ltd.,(SSML)
  • Peter Curtis, Chief Operating Officer, Executive Vice President
  • Mark Chu, Chief Development Officer, General Counsel
  • Kyle R. Washington, Chairman Emeritus
  • Harald Horst Ludwig, Director
  • David Lyall, Director
  • Larry Simkins, Director

How do I buy Seaspan Corporation stock?

Shares of Seaspan Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Seaspan Corporation's stock price today?

One share of Seaspan Corporation stock can currently be purchased for approximately $7.50.


MarketBeat Community Rating for Seaspan Corporation (NYSE SSW)
Community Ranking:  1.6 out of 5 (star)
Outperform Votes:  111 (Vote Outperform)
Underperform Votes:  232 (Vote Underperform)
Total Votes:  343
MarketBeat's community ratings are surveys of what our community members think about Seaspan Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Seaspan Corporation (NYSE:SSW) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Sell Ratings, 5 Hold Ratings
Consensus Rating:Hold (Score: 1.63)
Consensus Price Target: $6.79 (9.52% downside)
Consensus Price Target History for Seaspan Corporation (NYSE:SSW)
Price Target History for Seaspan Corporation (NYSE:SSW)
Analysts' Ratings History for Seaspan Corporation (NYSE:SSW)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/1/2017Credit Suisse GroupSet Price TargetSell$5.00LowView Rating Details
7/14/2017Stifel NicolausReiterated RatingHold$7.00LowView Rating Details
5/2/2017Citigroup Inc.UpgradeSell -> Neutral$7.00MediumView Rating Details
3/16/2017Barclays PLCReiterated RatingUnderweight -> Underweight$11.00 -> $6.00LowView Rating Details
3/2/2017J P Morgan Chase & CoUpgradeUnderweight -> Neutral$10.00 -> $8.00N/AView Rating Details
2/1/2017Morgan StanleyInitiated CoverageUnderweight$4.50N/AView Rating Details
1/19/2017Seaport Global SecuritiesReiterated RatingNeutralN/AView Rating Details
12/1/2016Janney Montgomery ScottInitiated CoverageNeutral$10.00N/AView Rating Details
9/23/2016Clarkson CapitalReiterated RatingNeutralN/AView Rating Details
5/24/2016Deutsche Bank AGDowngradeBuy -> Hold$25.00 -> $12.00N/AView Rating Details
3/15/2016Jefferies Group LLCReiterated RatingBuy$25.00N/AView Rating Details
11/20/2015Wells Fargo & CompanyDowngradeOutperform -> Market Perform$19.00 -> $15.00N/AView Rating Details
11/4/2015BB&T CorporationReiterated RatingHoldN/AView Rating Details
(Data available from 10/18/2015 forward)

Earnings

Earnings History for Seaspan Corporation (NYSE:SSW)
Earnings by Quarter for Seaspan Corporation (NYSE:SSW)
Earnings History by Quarter for Seaspan Corporation (NYSE SSW)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/30/2017$0.19N/AView Earnings Details
4/26/2017Q1 17$0.13$0.15$204.09 million$201.30 millionViewN/AView Earnings Details
2/28/2017Q416$0.18$0.21$213.39 million$213.20 millionViewN/AView Earnings Details
10/31/2016Q316$0.30$0.29$225.88 million$224.90 millionViewN/AView Earnings Details
7/25/2016Q216$0.28$0.30$217.74 million$224.31 millionViewN/AView Earnings Details
4/25/2016Q1$0.30$0.33$217.38 million$215.52 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$190.91 million$189.44 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 Corporation (NYSE:SSW)
2017 EPS Consensus Estimate: $0.72
2018 EPS Consensus Estimate: $1.06
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.09$0.16$0.13
Q2 20172$0.19$0.20$0.20
Q3 20172$0.16$0.21$0.19
Q4 20172$0.18$0.25$0.22
Q1 20181$0.21$0.21$0.21
Q2 20181$0.24$0.24$0.24
Q3 20181$0.31$0.31$0.31
Q4 20181$0.30$0.30$0.30
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Seaspan Corporation (NYSE:SSW)
Next Dividend:10/30/2017
Annual Dividend:$0.50
Dividend Yield:6.67%
Dividend Growth:8.10% (3 Year Average)
Payout Ratio:-29.94% (Trailing 12 Months of Earnings)
72.46% (Based on This Year's Estimates)
43.86% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Seaspan Corporation (NYSE:SSW)

Dividend History by Quarter for Seaspan Corporation (NYSE SSW)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
10/10/2017quarterly$0.136.92%10/19/201710/20/201710/30/2017
7/11/2017quarterly$0.137.76%7/18/20177/20/20177/31/2017
4/11/2017quarterly$0.137.39%4/18/20174/20/20175/1/2017
11/11/2016Quarterly$0.3813.79%1/18/20171/20/20171/30/2017
10/11/2016quarterly$0.3811.29%10/18/201610/20/201610/31/2016
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 and Institutional Ownership History for Seaspan Corporation (NYSE:SSW)
Institutional Ownership Percentage: 15.33%
Insider Trades by Quarter for Seaspan Corporation (NYSE:SSW)
Institutional Ownership by Quarter for Seaspan Corporation (NYSE:SSW)
Insider Trades by Quarter for Seaspan Corporation (NYSE:SSW)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/29/2017Nicholas Pitts-TuckerDirectorBuy647$6.39$4,134.33View SEC Filing  
8/29/2017Gerry Yougui WangCEOBuy10,076$6.39$64,385.64View SEC Filing  
8/25/2017Gerry Yougui WangCEOSell634,762$7.45$4,728,976.90View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Seaspan Corporation (NYSE:SSW)
Latest Headlines for Seaspan Corporation (NYSE:SSW)
Source:
DateHeadline
finance.yahoo.com logoDividend Coverage: This Containership Leasing Company has a Dividend Yield of 6.93%; Will Trade Ex-Dividend on October 19, 2017
finance.yahoo.com - October 17 at 7:38 AM
americanbankingnews.com logoSeaspan Corporation (SSW) & Its Peers Head to Head Analysis
www.americanbankingnews.com - October 16 at 8:52 AM
americanbankingnews.com logoZacks: Analysts Expect Seaspan Corporation (SSW) Will Post Quarterly Sales of $213.11 Million
www.americanbankingnews.com - October 16 at 3:58 AM
americanbankingnews.com logo Analysts Anticipate Seaspan Corporation (SSW) Will Post Earnings of $0.19 Per Share
www.americanbankingnews.com - October 11 at 2:16 PM
americanbankingnews.com logoSeaspan Corporation (SSW) & Its Peers Financial Analysis
www.americanbankingnews.com - October 11 at 12:08 AM
americanbankingnews.com logoSeaspan Corporation Plans Quarterly Dividend of $0.13 (SSW)
www.americanbankingnews.com - October 10 at 8:26 AM
americanbankingnews.com logoReviewing Seaspan Corporation (SSW) & Its Rivals
www.americanbankingnews.com - October 8 at 4:24 PM
americanbankingnews.com logoHead-To-Head Analysis: Seaspan Corporation (SSW) vs. Diana Shipping inc. (DSX)
www.americanbankingnews.com - October 8 at 12:28 PM
nasdaq.com logoAnalysts Predict 10% Upside For The Holdings of PID
www.nasdaq.com - October 6 at 10:45 AM
bizjournals.com logoPre-Market Technical Recap on Shipping Stocks -- Top Ships, Golar LNG, Seaspan, and Teekay Tankers
www.bizjournals.com - October 6 at 10:45 AM
finance.yahoo.com logoSeaspan Corp. breached its 50 day moving average in a Bearish Manner : SSW-US : October 6, 2017
finance.yahoo.com - October 6 at 10:45 AM
fool.com logoIs Seaspan Corporation a Buy?
www.fool.com - October 3 at 5:58 PM
finance.yahoo.com logoSeaspan Announces Public Offering of Senior Notes
finance.yahoo.com - October 3 at 1:00 PM
finance.yahoo.com logoSeaspan Announces Pricing of $80 Million Public Offering of 7.125% Senior Notes
finance.yahoo.com - October 3 at 1:00 PM
finance.yahoo.com logoETFs with exposure to Seaspan Corp. : October 3, 2017
finance.yahoo.com - October 3 at 1:00 PM
americanbankingnews.com logoSeaspan Corporation (SSW) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - September 30 at 4:50 AM
finance.yahoo.com logoSeaspan Accepts Delivery of Third 11000 TEU SAVER Containership
finance.yahoo.com - September 28 at 12:09 PM
thestreet.com logoWhy Seaspan is a Top 10 SAFE International Dividend Stock (SSW)
www.thestreet.com - September 27 at 4:59 PM
americanbankingnews.com logoContrasting Safe Bulkers (SB) & Seaspan Corporation (SSW)
www.americanbankingnews.com - September 25 at 2:20 AM
americanbankingnews.com logoSeaspan Corporation (SSW) Expected to Post Quarterly Sales of $213.57 Million
www.americanbankingnews.com - September 24 at 1:26 AM
finance.yahoo.com logoSeaspan Corp. :SSW-US: Earnings Analysis: Q2, 2017 By the Numbers : September 20, 2017
finance.yahoo.com - September 23 at 8:48 AM
finance.yahoo.com logoETFs with exposure to Seaspan Corp. : September 22, 2017
finance.yahoo.com - September 23 at 8:47 AM
americanbankingnews.com logoSeaspan Corporation (SSW) Expected to Post Earnings of $0.19 Per Share
www.americanbankingnews.com - September 23 at 12:24 AM
americanbankingnews.com logoComparing Seaspan Corporation (SSW) & Its Rivals
www.americanbankingnews.com - September 22 at 12:18 PM
americanbankingnews.com logoSeaspan Corporation (SSW) vs. Its Peers Financial Survey
www.americanbankingnews.com - September 20 at 2:22 PM
streetinsider.com logoSeaspan (SSW) Announces Delivery of 11000 TEU SAVER Containership - StreetInsider.com
www.streetinsider.com - September 20 at 9:28 AM
finance.yahoo.com logoSeaspan Accepts Delivery of 11000 TEU SAVER Containership
finance.yahoo.com - September 20 at 9:28 AM
finance.yahoo.com logoTop Industry Participants Presenting at Capital Link's 9th Annual New York Maritime Forum Monday, October 2, 2017 in NYC
finance.yahoo.com - September 20 at 9:28 AM
finance.yahoo.com logoSeaspan Corp. – Value Analysis (NYSE:SSW) : September 19, 2017
finance.yahoo.com - September 19 at 8:02 AM
finance.yahoo.com logoSeaspan Corp. breached its 50 day moving average in a Bearish Manner : SSW-US : September 15, 2017
finance.yahoo.com - September 16 at 9:03 AM
finance.yahoo.com logoSeaspan Corp. breached its 50 day moving average in a Bearish Manner : SSW-US : September 15, 2017
finance.yahoo.com - September 16 at 9:03 AM
americanbankingnews.com logoAnalyzing Scorpio Bulkers (SALT) and Seaspan Corporation (SSW)
www.americanbankingnews.com - September 14 at 8:08 AM
finance.yahoo.com logoSeaspan Is Trading at Deep Value
finance.yahoo.com - September 13 at 9:35 AM
americanbankingnews.com logoFinancial Contrast: Safe Bulkers (SB) and Seaspan Corporation (SSW)
www.americanbankingnews.com - September 7 at 10:24 PM
fool.com logoWhy I (Still) Love Seaspan Corporation
www.fool.com - September 6 at 3:13 PM
americanbankingnews.com logoSeaspan Corporation (SSW) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - September 5 at 4:32 AM
finance.yahoo.com logo3 High-Yield Stocks at Rock-Bottom Prices
finance.yahoo.com - August 31 at 10:31 AM
americanbankingnews.com logoSeaspan Corporation (SSW) CEO Gerry Yougui Wang Purchases 10,076 Shares
www.americanbankingnews.com - August 30 at 8:26 PM
americanbankingnews.com logoGerry Yougui Wang Sells 634,762 Shares of Seaspan Corporation (SSW) Stock
www.americanbankingnews.com - August 30 at 7:16 PM
americanbankingnews.com logoComparing Seaspan Corporation (SSW) & Star Bulk Carriers Corp. (SBLK)
www.americanbankingnews.com - August 29 at 10:28 PM
prnewswire.com logoBreakfast Technical Briefing on Shipping Stocks -- Top Ships, Seaspan, Teekay Tankers, and Golar LNG
www.prnewswire.com - August 28 at 6:45 AM
finance.yahoo.com logoCorporate News Blog - Seaspan Releases Latest Details on Vessels Delivery and Chartering Contracts
finance.yahoo.com - August 25 at 4:34 PM
fool.com logoWhy Seaspan Corporation Stock Just Jumped 10%
www.fool.com - August 23 at 3:52 PM
finance.yahoo.com logoSeaspan Provides Vessel Update
finance.yahoo.com - August 23 at 12:00 PM
nasdaq.com logoIs Seaspan Corp. (SSW) a Great Stock for Value Investors? - Nasdaq
www.nasdaq.com - August 19 at 7:50 AM
americanbankingnews.com logoSeaspan Corporation (SSW) Expected to Announce Quarterly Sales of $213.62 Million
www.americanbankingnews.com - August 18 at 5:50 AM
americanbankingnews.com logoSeaport Global Securities Equities Analysts Lower Earnings Estimates for Seaspan Corporation (SSW)
www.americanbankingnews.com - August 17 at 7:46 AM
seekingalpha.com logoSeaspan Corp.: Stabilization Complete, Significant Price And Dividend Upside Ahead - Seeking Alpha
seekingalpha.com - August 16 at 7:51 AM
americanbankingnews.com logoAnalyzing Seaspan Corporation (NYSE:SSW) and Ardmore Shipping Corporation (ASC)
www.americanbankingnews.com - August 13 at 10:40 AM
americanbankingnews.com logoReviewing Capital Product Partners L.P. (CPLP) and Seaspan Corporation (NYSE:SSW)
www.americanbankingnews.com - August 11 at 3:08 PM

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Chart

Seaspan Corporation (SSW) Chart for Wednesday, October, 18, 2017

This page was last updated on 10/18/2017 by MarketBeat.com Staff

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