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SFL Corporation (SFL)
NYSE:SFL
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.16Last Year’s EPS
0.23Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 20, 2018
|% Change Since: 3.93%
|Next Earnings Date:Aug 22, 2018
Earnings Call Sentiment|Positive
The earnings call was largely positive, with strong revenue growth, a robust fixed rate backlog, and significant asset deliveries contributing to a positive outlook. However, there are some challenges related to noncash items and the Hercules rig's contracting prospects.Company Guidance
During the SFL Q3 2024 earnings call, a detailed guidance was provided on financial and operational performance metrics. SFL announced its 83rd consecutive dividend of $0.27 per share, reflecting a 10% dividend yield. The company reported over $260 million in revenues for the quarter, with an EBITDA equivalent cash flow of approximately $167 million, up from the previous quarter. The net income for the quarter was about $45 million, or $0.34 per share. SFL's fixed-rate backlog stood at approximately $4.7 billion, with two-thirds linked to investment-grade customers, ensuring strong cash flow visibility. The quarter saw the addition of new vessels, contributing to a total fleet of 81 maritime assets, including 15 dry bulk vessels, 39 container ships, 18 tankers, 7 car carriers, and 2 drilling rigs. SFL also highlighted its ongoing efforts in fleet expansion and upgrades, such as the delivery of LNG dual-fuel vessels and LR2 tankers, and a recent order of five large container vessels paired with 10-year charters, adding $1.2 billion to the backlog. The call concluded with a discussion on refinancing efforts, including the issuance of a NOK bond swapped to USD at a fixed interest rate of approximately 6.45%, effectively addressing short-term debt maturities.Strong Revenue and EBITDA Growth
SFL reported revenues of more than $260 million for the quarter with an EBITDA equivalent cash flow of approximately $167 million, significantly up from the second quarter.
Robust Fixed Rate Backlog
The company's fixed rate backlog stands at approximately $4.7 billion, providing significant cash flow visibility with two-thirds of this from investment-grade rated customers.
Dividend and Shareholder Returns
The company declared a quarterly dividend of $0.27 per share, representing around a 10% dividend yield.
New Container Vessel Orders
SFL has ordered 5 large container vessels with 10-year time charters, adding $1.2 billion in backlog.
Successful Bond Issuance
SFL raised another unsecured bond loan, the 16th in a row, swapped to U.S. dollars at approximately 6.45% fixed interest.
Asset Deliveries and Fleet Expansion
SFL took delivery of 7 new vessels in the year, including 4 during the third quarter, and is in the process of fleet upgrades.
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SFL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SFL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $10.43 | $10.16 | -2.59% |
| Aug 14, 2024 | $10.89 | $11.01 | +1.10% |
| May 14, 2024 | $13.36 | $13.22 | -1.05% |
| Feb 14, 2024 | $10.98 | $10.86 | -1.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SFL Corporation (SFL) report earnings?
SFL Corporation (SFL) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is SFL Corporation (SFL) earnings time?
SFL Corporation (SFL) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SFL EPS forecast?
SFL EPS forecast for the fiscal quarter 2024 (Q4) is 0.16.
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