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Last $16.86 USD
Change Today +0.11 / 0.66%
Volume 148.6K
SSW On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

seaspan corp (SSW) Snapshot

Open
$16.93
Previous Close
$16.75
Day High
$17.00
Day Low
$16.74
52 Week High
09/3/14 - $23.31
52 Week Low
08/24/15 - $14.80
Market Cap
1.6B
Average Volume 10 Days
257.7K
EPS TTM
$1.96
Shares Outstanding
97.8M
EX-Date
07/16/15
P/E TM
8.6x
Dividend
$1.50
Dividend Yield
8.54%
Current Stock Chart for SEASPAN CORP (SSW)

seaspan corp (SSW) Related Businessweek News

No Related Businessweek News Found

seaspan corp (SSW) Details

Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company charters its containerships pursuant to long-term, fixed-rate time charters to various container liner companies. As of February 28, 2015, it operated a fleet of 77 vessels. The company was founded in 2005 and is based in Majuro, Marshall Islands.

3,700 Employees
Last Reported Date: 03/10/15
Founded in 2005

seaspan corp (SSW) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

seaspan corp (SSW) Key Developments

Seaspan Corporation Accepts Delivery of Fifth 14000 TEU Saver Containership

Seaspan Corporation announced that it accepted delivery of a 14000 TEU containership, the YM Wellness. The new containership, which was constructed at Hyundai Heavy Industries Co. Ltd., is Seaspan's fifth 14000 TEU SAVER design containership and sixth delivery in 2015. The YM Wellness will commence a ten-year, fixed-rate time charter with Yang Ming Marine Transport Corp. Yang Ming may extend the charter for up to an additional two years. The ship is the fifth of a total of eight 14000 TEU SAVER design vessels to be chartered by Seaspan to Yang Ming. The delivery of the YM Wellness expands the company's operating fleet to 83 vessels.

Seaspan Corporation Provides Earnings Guidance for the Third Quarter of 2015

Seaspan Corporation provided earnings guidance for the third quarter of 2015. For quarter, the company expects normalized converted EPS in the range of $0.25 to $0.28.

Seaspan Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Seaspan Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $199,152,000 compared to $173,873,000 a year ago. Net earnings were $81,356,000 compared to $20,004,000 a year ago. Normalized net earnings were $35,163,000 compared to $32,088,000 a year ago. Earnings per Class A share, basic and diluted were $0.68 compared to $0.07 a year ago. Adjusted EBITDA was $168,816,000 compared to $130,889,000 a year ago. Cash from operating activities was $91,994,000 compared to $82,730,000 a year ago. Expenditures for vessels were $322,198,000 compared to $23,667,000 a year ago. Operating earnings was $81,247,000 compared to $79,593,000 a year ago. Earnings attributable to common shareholders were $67,600,000 compared to $6,283,000 a year ago. For the six months, the company reported revenue of $387,699,000 compared to $341,856,000 a year ago. Net earnings were $102,689,000 compared to $38,032,000 a year ago. Normalized net earnings were $73,519,000 compared to $60,880,000 a year ago. Earnings per Class A share, basic and diluted were $0.76 compared to $0.66 a year ago. Adjusted EBITDA was $322,891,000 compared to $254,704,000 a year ago. Cash from operating activities was $156,363,000 compared to $157,843,000 a year ago. Expenditures for vessels were $392,329,000 compared to $103,248,000 a year ago. Operating earnings was $165,667,000 compared to $153,446,000 a year ago. Earnings attributable to common shareholders were $75,184,000 compared to $8,674,000 a year ago.

 

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SSW Competitors

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Industry Analysis

SSW

Industry Average

Valuation SSW Industry Range
Price/Earnings 11.6x
Price/Sales 2.2x
Price/Book 0.9x
Price/Cash Flow 4.3x
TEV/Sales NM Not Meaningful
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