Seaspan Corporation (NYSE:SSW) Given Price Target Of $16


As per Seaspan Corporation (NYSE:SSW)’s news release on 2016-07-12, its shareholders will get cash dividend of $0.375 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-20 and 2016-08-01, respectively.

The stock will commence trading ex-dividend from 2016-07-18, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Seaspan Corporation (NYSE:SSW) disbursed $0.375 in dividend compared to distribution of $0.375, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 9.0909%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Seaspan Corporation (NYSE:SSW) to attain a price target of $16. It is an average estimate figure given by 5 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $25. The low price range is set at $12 for next year while the arithmetic mean is seen at 3.38.

Eyeing Earnings Seaspan Corporation (NYSE:SSW) is likely to post quarterly numbers around 2016-11-07 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.3 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Seaspan Corporation (NYSE:SSW) earnings came at $0.3 suggesting a deviation of $0.02. The brokerages targeted EPS of $0.28 for the quarter.

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