International Seaways: Investing In Tankers Made Easy
In the third quarter of 2024, INSW delivered adequate results. INSW realized a net income of $91.6 million and a basic EPS of $1.85. The best thing is that INSW does not have debt maturities before 2030, and its Total Debt-to-Equity ratio is 35.5%. Dividend LTM yield is 13.7%. The payout ratio, considering regular and special distributions, is 64%.
International Seaways, Inc. (INSW) Q3 2024 Earnings Call Transcript
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) Surpasses Q3 Earnings and Revenue Estimates
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.
3 Recession-Resistant Stocks: Low Beta, High Margins, Low Debt
When thinking about stocks with recession-resistant characteristics, a few key metrics come to mind. First are low-beta stocks.
Earnings Preview: International Seaways (INSW) Q3 Earnings Expected to Decline
International Seaways (INSW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
International Seaways: The Closest Way To Buy Tanker ETF And Collect Double-Digit Yields
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: Tanker Market Updates, Seasonal Upside Ahead (Podcast Transcript)
Value Investor's Edge Live returns with our latest episode focused on the oil and product tanker shipping sectors. INSW's management discusses market dynamics, catalysts, and capital allocation, highlighting a 60%-plus shareholder return policy and an active repurchase program. The tanker market is in a multi-year bull cycle, with INSW offering nearly 30% upside to our current "fair value estimate" of $63/sh, further supported by a strong balance sheet.
International Seaways Q2 2024 Earnings: Seasonality At Play, Mixed Outlook Ahead
2Q24 earnings showed mixed results with a decline in spot earnings and fewer operating days, but INSW generated more free cash flow due to term loan conversion. The VLCC market is under pressure because of seasonality and uncertainty about OPEC+ production phase-out. Yet, the tanker market should pick up in Q4 as the seasonality winds down. However, increasing domestic crude requirements for Nigerian refineries and the Dangote refinery's production ramp-up could negatively impact the ton-mile demand for tankers.
International Seaways Q2 2024 Earnings Review: A Buy Recommendation Amidst Strong Market Conditions
International Seaways stock rose 2.6% in pre-market hours despite EPS missing expectations by $0.14/share. Q2 2024 revenues declined by 13% year-over-year, primarily due to lower vessel spot day rates. However, net income is positive and FCF generation is strong. Strong cash flow from operations, healthy balance sheet, and positive outlook support a buy recommendation for International Seaways.
International Seaways (INSW) Q2 Earnings Lag Estimates
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.
Analysts Estimate International Seaways (INSW) to Report a Decline in Earnings: What to Look Out for
International Seaways (INSW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
All You Need to Know About International Seaways (INSW) Rating Upgrade to Strong Buy
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.
