International SeawaysNYSE: INSW

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.