Profile
Sector:
EnergyIndustry:
Oil & Gas MidstreamCountry:
United StatesIPO:
16 November 2016Website:
http://intlseas.comNext earnings report:
07 November 2024Last dividends:
11 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:59:59 GMTAnalysts recommendations
Institutional Ownership
INSW Latest News
NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”) announced today that it plans to release third quarter 2024 results before market open on Thursday, November 7, 2024. The Company will host a conference call for investors at 9:00 a.m. Eastern Time (“ET”) on the same day. Conference Call Details: Date: Thursday, November 7, 2024 Time 9:00 AM ET Dial-in Numbers US: +1 (833) 470-1428 International: +1 (929) 526-1599 Conference ID 730934 A live webcast.
Owning an International Seaways share exposes us to the broad tanker market. It is like investing in a tanker ETF and getting paid handsomely. Financially, INSW is in an excellent position. Operating cash flow and operating income sufficiently cover interest expenses. 2Q24 dividend is $1.50/share. At the present stock price, this means an 11.8% LTM yield. Besides that, INSW has a $50 million buyback program.
International Seaways (INSW) came out with quarterly earnings of $2.37 per share, missing the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $3.12 per share a year ago.
International Seaways (INSW) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Shares of International Seaways (INSW) have begun to rise and could potentially continue to increase in the short run, supported by strong revisions to earnings estimates.
International Seaways (INSW) is a strong stock that has caught the attention of investors who are looking to capitalize on recent price movements.
International Seaways (INSW) ended the most recent trading session at $54.64, showing a decrease of 1.18% from the previous day's closing price.
INSW's first-quarter results are expected to be boosted by elevated freight rates and robust worldwide demand for oil and oil products.
At Zacks, we prioritize the Zacks Rank system, which highlights earnings estimates and revisions to identify top stocks. However, we also keep a close eye on current value, growth, and momentum trends to highlight strong investment choices.
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What type of business is International Seaways?
International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments: Crude Tankers and Product Carriers. As of December 31, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. International Seaways, Inc. was incorporated in 1999 and is headquartered in New York, New York.
What sector is International Seaways in?
International Seaways is in the Energy sector
What industry is International Seaways in?
International Seaways is in the Oil & Gas Midstream industry
What country is International Seaways from?
International Seaways is headquartered in United States
When did International Seaways go public?
International Seaways initial public offering (IPO) was on 16 November 2016
What is International Seaways website?
https://intlseas.com
Is International Seaways in the S&P 500?
No, International Seaways is not included in the S&P 500 index
Is International Seaways in the NASDAQ 100?
No, International Seaways is not included in the NASDAQ 100 index
Is International Seaways in the Dow Jones?
No, International Seaways is not included in the Dow Jones index
When was International Seaways the previous earnings report?
No data
When does International Seaways earnings report?
The next expected earnings date for International Seaways is 07 November 2024