Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company charters its containerships under long-term, fixed-rate time charters to various container liner companies. As of February 15, 2018, it operated a fleet of 91 containerships. The company was founded in 2005 and is based in Central, Hong Kong.
Industry, Sector and Symbol
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
SymbolNYSE:SSW
CUSIPN/A
Phone852-2540-1686
Debt
Debt-to-Equity Ratio1.43%
Current Ratio0.86%
Quick Ratio0.86%
Price-To-Earnings
Trailing P/E Ratio11.76
Forward P/E Ratio6.63
P/E Growth0.32
Sales & Book Value
Annual Sales$831.32 million
Price / Sales1.16
Cash Flow$2.3303 per share
Price / Cash3.33
Book Value$15.75 per share
Price / Book0.49
Profitability
EPS (Most Recent Fiscal Year)$0.66
Net Income$175.23 million
Net Margins21.08%
Return on Equity6.79%
Return on Assets2.21%
Miscellaneous
Employees4,400
Outstanding Shares123,770,000
Seaspan (NYSE:SSW) Frequently Asked Questions
What is Seaspan's stock symbol?
Seaspan trades on the New York Stock Exchange (NYSE) under the ticker symbol "SSW."
How often does Seaspan pay dividends? What is the dividend yield for Seaspan?
Seaspan announced a quarterly dividend on Wednesday, April 11th. Shareholders of record on Friday, April 20th will be given a dividend of $0.125 per share on Monday, April 30th. This represents a $0.50 annualized dividend and a yield of 6.44%. The ex-dividend date of this dividend is Thursday, April 19th. View Seaspan's Dividend History.
How were Seaspan's earnings last quarter?
Seaspan Co. (NYSE:SSW) released its quarterly earnings data on Tuesday, February, 27th. The shipping company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.20 by $0.04. The shipping company had revenue of $214.38 million for the quarter, compared to analyst estimates of $217.56 million. Seaspan had a return on equity of 6.79% and a net margin of 21.08%. During the same period last year, the firm posted $0.21 EPS. View Seaspan's Earnings History.
When is Seaspan's next earnings date?
What price target have analysts set for SSW?
8 brokerages have issued 12-month target prices for Seaspan's shares. Their forecasts range from $5.00 to $20.00. On average, they anticipate Seaspan's stock price to reach $9.2125 in the next twelve months. View Analyst Ratings for Seaspan.
Who are some of Seaspan's key competitors?
Some companies that are related to Seaspan include Ship Finance International (SFL), Euronav (EURN), Pacific Basin Ship (PCFBY), SEACOR (CKH), Frontline (FRO), Teekay (TK), Star Bulk Carriers (SBLK), Scorpio Tankers (STNG), Costamare (CMRE), Navigator (NVGS), Genco Shipping & Trading (GNK), Scorpio Bulkers (SALT), Double Hull Tankers (DHT), General Maritime (GNRT), Dorian LPG (LPG), Capital Product Partners (CPLP), Diana Shipping (DSX) and DryShips (DRYS).
Who are Seaspan's key executives?
Seaspan's management team includes the folowing people:
- Mr. Bing Chen CPA, Pres, CEO & Director (Age 51)
- Mr. Kyle R. Washington, Co-Founder & Chairman Emeritus (Age 48)
- Mr. Peter Curtis, Exec. VP and Chief Commercial & Technical Officer (Age 59)
- Mr. David Spivak, Chief Financial Officer (Age 50)
- Mr. Mark W. Chu, Exec. VP, COO & Gen. Counsel (Age 50)
Has Seaspan been receiving favorable news coverage?
Media coverage about SSW stock has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Seaspan earned a media sentiment score of 0.10 on Accern's scale. They also assigned press coverage about the shipping company an impact score of 46.68 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Seaspan's major shareholders?
Seaspan's stock is owned by a number of of retail and institutional investors. Top institutional investors include FAIRFAX FINANCIAL HOLDINGS LTD/ CAN (28.80%). Company insiders that own Seaspan stock include Gerry Yougui Wang and Nicholas Pitts-Tucker. View Institutional Ownership Trends for Seaspan.
How do I buy shares of Seaspan?
Shares of SSW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Seaspan's stock price today?
One share of SSW stock can currently be purchased for approximately $7.76.
How big of a company is Seaspan?
Seaspan has a market capitalization of $960.47 million and generates $831.32 million in revenue each year. The shipping company earns $175.23 million in net income (profit) each year or $0.66 on an earnings per share basis. Seaspan employs 4,400 workers across the globe.
How can I contact Seaspan?
Seaspan's mailing address is UNIT 2 2ND FLOOR BUPA CENTRE 141 CONNAUGHT ROAD WEST, HONG KONG F4, . The shipping company can be reached via phone at 852-2540-1686 or via email at [email protected]
MarketBeat Community Rating for Seaspan (SSW)
MarketBeat's community ratings are surveys of what our community members think about Seaspan and other stocks. Vote "Outperform" if you believe SSW will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SSW will underperform the S&P 500 over the long term. You may vote once every thirty days.
Seaspan (NYSE:SSW) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
8 Wall Street analysts have issued ratings and price targets for Seaspan in the last 12 months. Their average twelve-month price target is $9.2125, suggesting that the stock has a possible upside of 18.72%. The high price target for SSW is $20.00 and the low price target for SSW is $5.00. There are currently 3 sell ratings, 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.00 | 1.86 | 1.71 | 1.63 |
| Ratings Breakdown: | 3 Sell Rating(s)
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 3 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 3 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 3 Sell Rating(s)
5 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $9.2125 | $8.7429 | $8.2143 | $6.7857 |
| Price Target Upside: | 18.72% upside | 30.49% upside | 39.46% upside | 1.28% upside |
Seaspan (NYSE:SSW) Consensus Price Target History
Seaspan (NYSE:SSW) Analyst Ratings History
Show:
(Data available from 4/22/2016 forward)
Seaspan (NYSE:SSW) Dividend Information
Seaspan pays an annual dividend of $0.50 per share, with a dividend yield of 6.44%. SSW's next quarterly dividend payment will be made on Monday, April 30. The company has grown its dividend for the last 6 consecutive years and is increasing its dividend by an average of -34.70% each year. Seaspan pays out 75.76% of its earnings out as a dividend.
| Next Dividend: | 4/30/2018 |
| Annual Dividend: | $0.50 |
| Dividend Yield: | 6.44% |
| Dividend Growth: | -34.70% (3 Year Average) |
| Payout Ratio: | 75.76% (Trailing 12 Months of Earnings)
42.74% (Based on This Year's Estimates)
35.46% (Based on Next Year's Estimates)
|
| Track Record: | 6 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Seaspan (NYSE:SSW) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/11/2018 | quarterly | $0.1250 | 7.35% | 4/19/2018 | 4/20/2018 | 4/30/2018 |
| 1/9/2018 | quarterly | $0.1250 | 7% | 1/19/2018 | 1/22/2018 | 1/30/2018 |
| 10/10/2017 | quarterly | $0.1250 | 6.92% | 10/19/2017 | 10/20/2017 | 10/30/2017 |
| 7/11/2017 | quarterly | $0.1250 | 7.76% | 7/18/2017 | 7/20/2017 | 7/31/2017 |
| 4/11/2017 | quarterly | $0.1250 | 7.39% | 4/18/2017 | 4/20/2017 | 5/1/2017 |
| 11/11/2016 | Quarterly | $0.3750 | 13.79% | 1/18/2017 | 1/20/2017 | 1/30/2017 |
| 10/11/2016 | quarterly | $0.3750 | 11.29% | 10/18/2016 | 10/20/2016 | 10/31/2016 |
| 7/12/2016 | quarterly | $0.3750 | 10.01% | 7/18/2016 | 7/20/2016 | 8/1/2016 |
| 4/12/2016 | quarterly | $0.3750 | 8.39% | 4/18/2016 | 4/20/2016 | 5/2/2016 |
| 1/12/2016 | quarterly | $0.3750 | 9.89% | 1/15/2016 | 1/20/2016 | 2/1/2016 |
| 10/13/2015 | quarterly | $0.3750 | 9% | 10/16/2015 | 10/20/2015 | 10/30/2015 |
| 7/13/2015 | quarterly | $0.3750 | 7.75% | 7/16/2015 | 7/20/2015 | 7/30/2015 |
| 4/13/2015 | quarterly | $0.3750 | 7.79% | 4/16/2015 | 4/20/2015 | 4/30/2015 |
| 1/13/2015 | quarterly | $0.3450 | 7.67% | 1/20/2015 | 1/22/2015 | 1/30/2015 |
| 10/14/2014 | quarterly | $0.3450 | 7.65% | 10/16/2014 | 10/20/2014 | 10/30/2014 |
| 7/15/2014 | quarterly | $0.3450 | 5.82% | 7/17/2014 | 7/21/2014 | 7/30/2014 |
| 4/14/2014 | quarterly | $0.3450 | 6.28% | 4/16/2014 | 4/21/2014 | 4/30/2014 |
| 2/6/2014 | quarterly | $0.3125 | 5.5% | 2/13/2014 | 2/18/2014 | 2/26/2014 |
| 11/1/2013 | quarterly | $0.3125 | 5.44% | 11/14/2013 | 11/18/2013 | 11/27/2013 |
| 7/31/2013 | quarterly | $0.3125 | 5.89% | 8/8/2013 | 8/12/2013 | 8/21/2013 |
| 5/1/2013 | quarterly | $0.3125 | 5.71% | 5/16/2013 | 5/20/2013 | 5/30/2013 |
| 2/7/2013 | quarterly | $0.25 | 5.01% | 2/14/2013 | 2/19/2013 | 2/27/2013 |
(Data available from 1/1/2013 forward)
Seaspan (NYSE SSW) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 15.64%
Seaspan (NYSE SSW) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 9/29/2017 | Nicholas Pitts-Tucker | Director | Buy | 647 | $6.39 | $4,134.33 | |  |
| 8/29/2017 | Gerry Yougui Wang | CEO | Buy | 10,076 | $6.39 | $64,385.64 | 2,042,848 | |
| 8/25/2017 | Gerry Yougui Wang | CEO | Sell | 634,762 | $7.45 | $4,728,976.90 | 2,042,848 | |
(Data available from 1/1/2013 forward)
Seaspan (NYSE SSW) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | The 4 Most Intriguing Value Stocks On The NYSE
finance.yahoo.com - April 21 at 5:26 PM |
 | BRIEF-Seaspan Announces Senior Management Change
www.reuters.com - April 20 at 5:34 PM |
| Seaspan Announces Senior Management Change
finance.yahoo.com - April 20 at 5:34 PM |
 | Seaspan: Reversing Higher
seekingalpha.com - April 19 at 5:54 PM |
 | Desjardins Upgrades Seaspan (SSW) to Buy
www.streetinsider.com - April 19 at 5:54 PM |
 | Seaspan (SSW) Stock Rating Upgraded by Deutsche Bank
www.americanbankingnews.com - April 19 at 5:18 PM |
 | Seaspan Corporation (SSW) Ex-Dividend Date Scheduled for April 19, 2018
www.nasdaq.com - April 18 at 5:58 PM |
| Seaspan (SSW) Scheduled to Post Quarterly Earnings on Tuesday
www.americanbankingnews.com - April 17 at 4:13 AM |
| 4 Well-Covered Preferreds Yielding Over 8%: No K-1, All Going Ex-Dividend Soon
seekingalpha.com - April 16 at 8:02 AM |
| Head to Head Review: Seaspan (SSW) vs. General Maritime (GNRT)
www.americanbankingnews.com - April 15 at 11:15 PM |
| Seaspan (SSW) Downgraded by BidaskClub to Hold
www.americanbankingnews.com - April 15 at 12:01 PM |
| Seaspan (SSW) Stock Rating Lowered by BidaskClub
www.americanbankingnews.com - April 14 at 1:27 PM |
| BRIEF-Seaspan Corp Files For Mixed Shelf Offering Of Up To $2 Bln
www.reuters.com - April 13 at 5:48 PM |
| Seaspan Co. (SSW) Declares $0.13 Quarterly Dividend
www.americanbankingnews.com - April 11 at 8:22 PM |
| What Are Analysts Saying About The Future Of Seaspan Corporation’s (NYSE:SSW)?
finance.yahoo.com - April 11 at 5:51 PM |
 | Postal Leadership Gap, Seaspan's Consolidating Plans, Apple Seeks Sustainable Suppliers
www.wsj.com - April 10 at 5:44 PM |
| Research Report Identifies Nice, Seaspan, Trivago N.V. ADS, Arbor Realty Trust, Ferroglobe, and Eni SpA with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
finance.yahoo.com - April 10 at 8:07 AM |
| Company Seaspan Corp. Taps 29-Year-Old as New CFO
www.wsj.com - April 9 at 5:36 PM |
| Seaspan Announces Change in Chief Financial Officer
finance.yahoo.com - April 9 at 5:36 PM |
| [$$] Seaspan Taps 29-Year-Old as New CFO
finance.yahoo.com - April 9 at 5:36 PM |
| BN3TH (formerly MyPakage) Announces Strategic Investment and Leadership Changes
finance.yahoo.com - April 9 at 8:02 AM |
| Seaspan Co. (SSW) Expected to Announce Quarterly Sales of $222.37 Million
www.americanbankingnews.com - April 8 at 2:26 AM |
| $0.21 EPS Expected for Seaspan Co. (SSW) This Quarter
www.americanbankingnews.com - April 6 at 7:18 PM |
| Edited Transcript of SSW earnings conference call or presentation 28-Feb-18 1:00pm GMT
finance.yahoo.com - March 29 at 8:05 AM |
| Seaspan Co. (SSW) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - March 28 at 11:54 AM |
| Morgan Stanley Lowers Seaspan (SSW) Price Target to $5.50
www.americanbankingnews.com - March 26 at 2:30 PM |
| Seaspan (SSW) Lifted to "C" at TheStreet
www.americanbankingnews.com - March 24 at 11:24 AM |
| Why Net Impact of Trade War on Shipping May Be Minimal
finance.yahoo.com - March 23 at 8:04 AM |
| Seaspan Co. (SSW) Expected to Post Q2 2018 Earnings of $0.23 Per Share
www.americanbankingnews.com - March 22 at 9:26 AM |
| Seaspan Co. (SSW) Expected to Announce Quarterly Sales of $220.93 Million
www.americanbankingnews.com - March 22 at 2:50 AM |
| Seaspan (SSW) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - March 20 at 11:13 AM |
| Wired News - Seaspan Acquires Greater China Intermodal Investments from Private-Equity Firm Carlyle Group
finance.yahoo.com - March 16 at 8:02 AM |
| Stifel Nicolaus Reiterates "Hold" Rating for Seaspan (SSW)
www.americanbankingnews.com - March 15 at 11:10 PM |
| Seaspan (SSW) PT Raised to $6.20
www.americanbankingnews.com - March 15 at 5:25 PM |
| Is There Now An Opportunity In Seaspan Corporation (NYSE:SSW)?
finance.yahoo.com - March 14 at 7:25 PM |
| BRIEF-Seaspan buying shipping vessels from Carlyle,Others in $450 million deal - WSJ
finance.yahoo.com - March 14 at 8:07 AM |
| [$$] Billionaire Raises His Bet on Containerships
finance.yahoo.com - March 14 at 8:07 AM |
| Seaspan Acquires Greater China Intermodal Investments LLC
finance.yahoo.com - March 14 at 8:07 AM |
| FY2018 EPS Estimates for Seaspan Co. Cut by Seaport Global Securities (SSW)
www.americanbankingnews.com - March 12 at 5:32 AM |
| Q1 2018 Earnings Estimate for Seaspan Co. (SSW) Issued By Seaport Global Securities
www.americanbankingnews.com - March 9 at 8:53 AM |
| Schroder Investment Management Group Invests $2.20 Million in Seaspan Co. (SSW) Stock
www.americanbankingnews.com - March 5 at 9:02 AM |
| $217.17 Million in Sales Expected for Seaspan Co. (SSW) This Quarter
www.americanbankingnews.com - March 5 at 4:02 AM |
| Q2 2018 Earnings Forecast for Seaspan Co. Issued By Jefferies Group (SSW)
www.americanbankingnews.com - March 5 at 3:14 AM |
| Zacks: Analysts Anticipate Seaspan Co. (SSW) Will Post Earnings of $0.20 Per Share
www.americanbankingnews.com - March 3 at 4:04 PM |
| Seaspan Co. (SSW) Receives Average Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - March 3 at 12:04 PM |
| Seaspan (SSW) Price Target Lowered to $6.00 at Bank of America
www.americanbankingnews.com - March 2 at 9:08 PM |
| Jefferies Group Comments on Seaspan Co.'s Q1 2018 Earnings (SSW)
www.americanbankingnews.com - March 2 at 9:12 AM |
| Seaspan Corporation's Earnings Continued Sinking in Q4 - Nasdaq
www.nasdaq.com - March 1 at 8:02 AM |
| Seaspan's (SSW) CEO Bing Chen on Q4 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - March 1 at 8:02 AM |
| Seaspan misses Street 4Q forecasts
finance.yahoo.com - February 28 at 6:14 PM |
Seaspan (NYSE:SSW) SEC Filings
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Seaspan (NYSE:SSW) Income Statement, Balance Sheet and Cash Flow Statement
Seaspan (NYSE SSW) Stock Chart for Sunday, April, 22, 2018
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