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: $838.5 million
  • Outstanding Shares: 117,837,000
Average Prices:
  • 50 Day Moving Avg: $6.95
  • 200 Day Moving Avg: $6.54
  • 52 Week Range: $5.02 - $14.12
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 6.11
  • P/E Growth: 0.52
Sales & Book Value:
  • Annual Revenue: $844 million
  • Price / Sales: 0.98
  • Book Value: $15.35 per share
  • Price / Book: 0.46
Dividend:
  • Annual Dividend: $0.50
  • Dividend Yield: 7.0%
Profitability:
  • EBIDTA: $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: 1.34 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 announced a quarterly dividend on Tuesday, July 11th. Shareholders of record on Thursday, July 20th will be given a dividend of $0.125 per share on Monday, July 31st. This represents a $0.50 annualized dividend and a yield of 7.11%. The ex-dividend date is Tuesday, July 18th. View Seaspan Corporation's Dividend History.

How were Seaspan Corporation's earnings last quarter?

Seaspan Corporation (NYSE:SSW) issued its earnings results on Tuesday, February, 28th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. The company earned $213.20 million during 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%. Seaspan Corporation's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS. 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?

9 analysts have issued 1-year target prices for Seaspan Corporation's stock. Their forecasts range from $4.50 to $10.00. On average, they expect Seaspan Corporation's share price to reach $6.79 in the next twelve months. 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

Who owns Seaspan Corporation stock?

Seaspan Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (1.35%), Fairview Capital Investment Management LLC (1.32%), Goldman Sachs Group Inc. (0.53%), Punch & Associates Investment Management Inc. (0.40%), First Trust Advisors LP (0.32%) and The Manufacturers Life Insurance Company (0.27%). View Institutional Ownership Trends for Seaspan Corporation.

Who sold Seaspan Corporation stock? Who is selling Seaspan Corporation stock?

Seaspan Corporation's stock was sold by a variety of institutional investors in the last quarter, including Dynamic Technology Lab Private Ltd, Bank of Montreal Can, Airain ltd, Northern Trust Corp, BlueCrest Capital Management Ltd, TIAA CREF Investment Management LLC and Bard Associates Inc.. View Insider Buying and Selling for Seaspan Corporation.

Who bought Seaspan Corporation stock? Who is buying Seaspan Corporation stock?

Seaspan Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Dimensional Fund Advisors LP, Punch & Associates Investment Management Inc., The Manufacturers Life Insurance Company , First Trust Advisors LP, Fairview Capital Investment Management LLC, Vanguard Group Inc. and JPMorgan Chase & Co.. View Insider Buying and Selling for Seaspan Corporation.

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 $7.03.


MarketBeat Community Rating for Seaspan Corporation (NYSE SSW)
Community Ranking:  1.6 out of 5 (star)
Outperform Votes:  104 (Vote Outperform)
Underperform Votes:  223 (Vote Underperform)
Total Votes:  327
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, 6 Hold Ratings
Consensus Rating:Hold (Score: 1.67)
Consensus Price Target: $6.79 (3.47% downside)

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 9/23/2015 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)
Most Recent Dividend:7/31/2017
Annual Dividend:$0.50
Dividend Yield:7.11%
Dividend Growth:8.10% (3 Year Average)
Payout Ratio:-29.94% (Trailing 12 Months of Earnings)
72.46% (Based on This Year's Estimates)
43.48% (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
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
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 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) Expected to Post Quarterly Sales of $213.57 Million
www.americanbankingnews.com - September 6 at 1:02 PM
americanbankingnews.com logoSeaspan Corporation (SSW) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - September 5 at 4:32 AM
americanbankingnews.com logoValuEngine Downgrades Seaspan Corporation (SSW) to Hold
www.americanbankingnews.com - September 2 at 1:50 PM
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
americanbankingnews.com logoZacks: Brokerages Expect Seaspan Corporation (SSW) to Announce $0.19 EPS
www.americanbankingnews.com - August 16 at 6:30 PM
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
americanbankingnews.com logoQ3 2017 Earnings Forecast for Seaspan Corporation (SSW) Issued By Jefferies Group
www.americanbankingnews.com - August 4 at 7:02 AM
americanbankingnews.com logoCritical Survey: Diana Containerships (DCIX) and Seaspan Corporation (SSW)
www.americanbankingnews.com - August 3 at 8:48 PM
americanbankingnews.com logoSeaspan Corporation (SSW) Upgraded to "Hold" at Zacks Investment Research
www.americanbankingnews.com - August 2 at 8:32 AM
finance.yahoo.com logoEdited Transcript of SSW earnings conference call or presentation 1-Aug-17 12:30pm GMT
finance.yahoo.com - August 1 at 9:18 PM
seekingalpha.com logoSeaspan Corporation's (SSW) CEO Gerry Wang on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - August 1 at 4:15 PM
americanbankingnews.com logoSeaspan Corporation (SSW) Stock Rating Reaffirmed by Credit Suisse Group
www.americanbankingnews.com - August 1 at 10:11 AM
finance.yahoo.com logoSeaspan Corporation's Earnings Sank, but the Tide Might Be Turning
finance.yahoo.com - August 1 at 6:36 AM
americanbankingnews.com logo$207.77 Million in Sales Expected for Seaspan Corporation (NYSE:SSW) This Quarter
www.americanbankingnews.com - July 31 at 9:22 AM
cnbc.com logoSeaspan meets 2Q profit forecasts
www.cnbc.com - July 31 at 5:33 AM
finance.yahoo.com logoSeaspan Announces Leadership Transition
finance.yahoo.com - July 31 at 5:33 AM
finance.yahoo.com logoSeaspan Reports Financial Results for the Three and Six Months Ended June 30, 2017
finance.yahoo.com - July 31 at 5:33 AM
finance.yahoo.com logoSeaspan Announces Conference Call and Webcast to Discuss Results for the Second Quarter Ended June 30, 2017
finance.yahoo.com - July 28 at 8:22 AM
nasdaq.com logoSeaspan Corp's 8.25% Series E Cumulative Redeemable Perpetual Preferred Shares About To Put More Money In Your Pocket
www.nasdaq.com - July 25 at 7:02 AM
nasdaq.com logoSeaspan Corporation (SSW) Ex-Dividend Date Scheduled for July 18, 2017 - Nasdaq
www.nasdaq.com - July 18 at 8:31 AM
americanbankingnews.com logoSeaspan Corporation (NYSE:SSW) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - July 17 at 10:54 AM
americanbankingnews.com logoSeaspan Corporation (SSW) Set to Announce Earnings on Monday
www.americanbankingnews.com - July 17 at 8:59 AM
americanbankingnews.com logoSeaspan Corporation (NYSE:SSW) Rating Reiterated by Stifel Nicolaus
www.americanbankingnews.com - July 15 at 12:28 PM

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Seaspan Corporation (SSW) Chart for Saturday, September, 23, 2017

This page was last updated on 9/23/2017 by MarketBeat.com Staff