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:
  • Market Cap: $828.39 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
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 6.45
  • 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
  • Annual Dividend: $0.50
  • Dividend Yield: 7.0%
  • EBIDTA: $501 million
  • Net Margins: -13.54%
  • Return on Equity: 7.51%
  • Return on Assets: 2.36%
  • Debt-to-Equity Ratio: 1.52%
  • Current Ratio: 0.84%
  • Quick Ratio: 0.84%
  • 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 declared a quarterly dividend on Tuesday, July 11th. Investors of record on Thursday, July 20th will be paid a dividend of $0.125 per share on Monday, July 31st. This represents a $0.50 dividend on an annualized basis 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) released its quarterly earnings results on Tuesday, February, 28th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. The firm had revenue of $213.20 million for the quarter, compared to the consensus estimate of $213.39 million. Seaspan Corporation had a positive return on equity of 7.51% and a negative net margin of 13.54%. The firm's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the business 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 12-month price objectives for Seaspan Corporation's stock. Their forecasts range from $4.50 to $10.00. On average, they anticipate Seaspan Corporation's stock 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

Who owns Seaspan Corporation stock?

Seaspan Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors 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:  224 (Vote Underperform)
Total Votes:  328
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 (3.47% downside)

Analysts' Ratings History for Seaspan Corporation (NYSE:SSW)
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 & CoDowngradeOutperform -> Market Perform$19.00 -> $15.00N/AView Rating Details
11/4/2015BB&T CorporationReiterated RatingHoldN/AView Rating Details
(Data available from 9/24/2015 forward)


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)


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)


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)
45.87% (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
(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)


Headline Trends for Seaspan Corporation (NYSE:SSW)
Latest Headlines for Seaspan Corporation (NYSE:SSW)
DateHeadline logoSeaspan Corporation (SSW) Expected to Post Quarterly Sales of $213.57 Million - September 24 at 1:26 AM logoSeaspan Corp. :SSW-US: Earnings Analysis: Q2, 2017 By the Numbers : September 20, 2017 - September 23 at 8:48 AM logoETFs with exposure to Seaspan Corp. : September 22, 2017 - September 23 at 8:47 AM logoSeaspan Corporation (SSW) Expected to Post Earnings of $0.19 Per Share - September 23 at 12:24 AM logoComparing Seaspan Corporation (SSW) & Its Rivals - September 22 at 12:18 PM logoSeaspan Corporation (SSW) vs. Its Peers Financial Survey - September 20 at 2:22 PM logoSeaspan (SSW) Announces Delivery of 11000 TEU SAVER Containership - - September 20 at 9:28 AM logoSeaspan Accepts Delivery of 11000 TEU SAVER Containership - September 20 at 9:28 AM logoTop Industry Participants Presenting at Capital Link's 9th Annual New York Maritime Forum Monday, October 2, 2017 in NYC - September 20 at 9:28 AM logoSeaspan Corp. – Value Analysis (NYSE:SSW) : September 19, 2017 - September 19 at 8:02 AM logoSeaspan Corp. breached its 50 day moving average in a Bearish Manner : SSW-US : September 15, 2017 - September 16 at 9:03 AM logoSeaspan Corp. breached its 50 day moving average in a Bearish Manner : SSW-US : September 15, 2017 - September 16 at 9:03 AM logoAnalyzing Scorpio Bulkers (SALT) and Seaspan Corporation (SSW) - September 14 at 8:08 AM logoSeaspan Is Trading at Deep Value - September 13 at 9:35 AM logoFinancial Contrast: Safe Bulkers (SB) and Seaspan Corporation (SSW) - September 7 at 10:24 PM logoWhy I (Still) Love Seaspan Corporation - September 6 at 3:13 PM logoSeaspan Corporation (SSW) Receives Consensus Recommendation of "Hold" from Analysts - September 5 at 4:32 AM logoValuEngine Downgrades Seaspan Corporation (SSW) to Hold - September 2 at 1:50 PM logo3 High-Yield Stocks at Rock-Bottom Prices - August 31 at 10:31 AM logoSeaspan Corporation (SSW) CEO Gerry Yougui Wang Purchases 10,076 Shares - August 30 at 8:26 PM logoGerry Yougui Wang Sells 634,762 Shares of Seaspan Corporation (SSW) Stock - August 30 at 7:16 PM logoComparing Seaspan Corporation (SSW) & Star Bulk Carriers Corp. (SBLK) - August 29 at 10:28 PM logoBreakfast Technical Briefing on Shipping Stocks -- Top Ships, Seaspan, Teekay Tankers, and Golar LNG - August 28 at 6:45 AM logoCorporate News Blog - Seaspan Releases Latest Details on Vessels Delivery and Chartering Contracts - August 25 at 4:34 PM logoWhy Seaspan Corporation Stock Just Jumped 10% - August 23 at 3:52 PM logoSeaspan Provides Vessel Update - August 23 at 12:00 PM logoIs Seaspan Corp. (SSW) a Great Stock for Value Investors? - Nasdaq - August 19 at 7:50 AM logoSeaspan Corporation (SSW) Expected to Announce Quarterly Sales of $213.62 Million - August 18 at 5:50 AM logoSeaport Global Securities Equities Analysts Lower Earnings Estimates for Seaspan Corporation (SSW) - August 17 at 7:46 AM logoZacks: Brokerages Expect Seaspan Corporation (SSW) to Announce $0.19 EPS - August 16 at 6:30 PM logoSeaspan Corp.: Stabilization Complete, Significant Price And Dividend Upside Ahead - Seeking Alpha - August 16 at 7:51 AM logoAnalyzing Seaspan Corporation (NYSE:SSW) and Ardmore Shipping Corporation (ASC) - August 13 at 10:40 AM logoReviewing Capital Product Partners L.P. (CPLP) and Seaspan Corporation (NYSE:SSW) - August 11 at 3:08 PM logoQ3 2017 Earnings Forecast for Seaspan Corporation (SSW) Issued By Jefferies Group - August 4 at 7:02 AM logoCritical Survey: Diana Containerships (DCIX) and Seaspan Corporation (SSW) - August 3 at 8:48 PM logoSeaspan Corporation (SSW) Upgraded to "Hold" at Zacks Investment Research - August 2 at 8:32 AM logoEdited Transcript of SSW earnings conference call or presentation 1-Aug-17 12:30pm GMT - August 1 at 9:18 PM logoSeaspan Corporation's (SSW) CEO Gerry Wang on Q2 2017 Results - Earnings Call Transcript - August 1 at 4:15 PM logoSeaspan Corporation (SSW) Stock Rating Reaffirmed by Credit Suisse Group - August 1 at 10:11 AM logoSeaspan Corporation's Earnings Sank, but the Tide Might Be Turning - August 1 at 6:36 AM logo$207.77 Million in Sales Expected for Seaspan Corporation (NYSE:SSW) This Quarter - July 31 at 9:22 AM logoSeaspan meets 2Q profit forecasts - July 31 at 5:33 AM logoSeaspan Announces Leadership Transition - July 31 at 5:33 AM logoSeaspan Reports Financial Results for the Three and Six Months Ended June 30, 2017 - July 31 at 5:33 AM logoSeaspan Announces Conference Call and Webcast to Discuss Results for the Second Quarter Ended June 30, 2017 - July 28 at 8:22 AM logoSeaspan Corp's 8.25% Series E Cumulative Redeemable Perpetual Preferred Shares About To Put More Money In Your Pocket - July 25 at 7:02 AM logoSeaspan Corporation (SSW) Ex-Dividend Date Scheduled for July 18, 2017 - Nasdaq - July 18 at 8:31 AM logoSeaspan Corporation (NYSE:SSW) Receives Consensus Recommendation of "Hold" from Analysts - July 17 at 10:54 AM logoSeaspan Corporation (SSW) Set to Announce Earnings on Monday - July 17 at 8:59 AM logoSeaspan Corporation (NYSE:SSW) Rating Reiterated by Stifel Nicolaus - July 15 at 12:28 PM



Seaspan Corporation (SSW) Chart for Sunday, September, 24, 2017

This page was last updated on 9/24/2017 by Staff