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Last $20.04 USD
Change Today +0.02 / 0.10%
Volume 86.4K
SSW On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

seaspan corp (SSW) Snapshot

Open
$20.01
Previous Close
$20.02
Day High
$20.09
Day Low
$19.91
52 Week High
07/24/14 - $24.36
52 Week Low
10/15/14 - $16.81
Market Cap
1.9B
Average Volume 10 Days
120.6K
EPS TTM
$1.83
Shares Outstanding
94.6M
EX-Date
04/16/15
P/E TM
11.0x
Dividend
$1.50
Dividend Yield
7.03%
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 Announces Unaudited Consolidated Earnings Results for the Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year of 2015; Provides Capex Guidance for the Full Year of 2016 and 2017

Seaspan Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. Revenue for the period was $104.127 million against $94.130 million a year ago. Vessel utilization was 98.9%, consistent with last year's quarter. Operating earnings were $84.420 million against $73.853 million a year ago. Net earnings were $21.333 million or $0.08 per basic and diluted class A common share against $18.028 million or $0.03 per basic and diluted class A common share a year ago. Adjusted EBITDA for the quarter was $136 million, a $12.2 million or 9.8% increase. Cash available for distribution for the quarter was $75.8 million, a $7.9 million or 11.6% increase, due to the delivery of the newbuilds, higher interest income, lower preferred share dividends, partially offset by higher interest expense at the hedge rate and increases in the amounts paid for dry-docking. Normalized net earnings for the quarter increased by $9.6 million or 33.2%. On a per share basis, normalized EPS was $0.25 compared to $0.18, an increase of 38.9%. Cash from operating activities was $64.369 million against $75.060 million a year ago. Expenditures for vessels were $70.131 million against $79.581 million a year ago. For 2015, the company expects to see some improvement in EPS due to the full year contributions for the 2014 deliveries, the additional 8 deliveries this year. However, EPS improvement will be limited due to the capital cost associated with investing in large newbuild program through 2017. The company's remaining CapEx is approximately $1.4 billion with $660 million remaining this year, $460 million next year and $245 million in 2017.

Seaspan Corporation to Report Q1, 2015 Results on Apr 27, 2015

Seaspan Corporation announced that they will report Q1, 2015 results After-Market on Apr 27, 2015

Seaspan Corporation, Q1 2015 Earnings Call, Apr 28, 2015

Seaspan Corporation, Q1 2015 Earnings Call, Apr 28, 2015

 

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SSW:US $20.04 USD +0.02

SSW Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Costamare Inc $19.98 USD +0.05
Danaos Corp $6.39 USD 0.00
Matson Inc $41.67 USD -0.52
Navios Maritime Partners LP $10.87 USD +0.08
Ship Finance International Ltd $16.02 USD +0.21
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Industry Analysis

SSW

Industry Average

Valuation SSW Industry Range
Price/Earnings 24.3x
Price/Sales 2.7x
Price/Book 1.1x
Price/Cash Flow 6.1x
TEV/Sales NM Not Meaningful
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