Profile
Sector:
EnergyIndustry:
Oil & Gas MidstreamCountry:
United StatesIPO:
16 November 2016Website:
http://intlseas.comNext earnings report:
28 February 2025Last dividends:
11 September 2024Next dividends:
13 December 2024Price
after hours | Wed, 20 Nov 2024 00:49:33 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
INSW Latest News
International Seaways, Inc. (NYSE:INSW ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants James Small - General Counsel, Senior Vice President, Secretary and Chief Administrative Officer Lois Zabrocky - President and Chief Executive Officer Jeffrey Pribor - Senior Vice President and Chief Financial Officer Derek Solon - Senior Vice President and Chief Commercial Officer Conference Call Participants Omar Nokta - Jefferies Christopher Robertson - Deutsche Bank Frank Galanti - Stifel Liam Burke - B. Riley Securities Operator Hello everyone, and welcome to the International Seaways, Inc. Third Quarter 2024 Earnings Conference Call.
International Seaways (INSW) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $1.99 per share a year ago.
NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company,” “Seaways,” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the third quarter 2024. HIGHLIGHTS & RECENT DEVELOPMENTS Quarterly Results: Net income for the third quarter of 2024 was $92 million, or $1.84 per diluted share. Adjusted net income(1) for the third quarter of 2024 was $78 million, or $.
When thinking about stocks with recession-resistant characteristics, a few key metrics come to mind. First are low-beta stocks.
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.
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 28 February 2025