Last $18.81 USD
Change Today -0.28 / -1.47%
Volume 81.4K
SSW On Other Exchanges
Symbol
Exchange
New York
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

seaspan corp (SSW) Snapshot

Open
$19.06
Previous Close
$19.09
Day High
$19.15
Day Low
$18.68
52 Week High
07/24/14 - $24.36
52 Week Low
10/15/14 - $16.81
Market Cap
1.8B
Average Volume 10 Days
206.6K
EPS TTM
$1.85
Shares Outstanding
94.6M
EX-Date
10/16/14
P/E TM
10.2x
Dividend
$1.38
Dividend Yield
7.16%
Current Stock Chart for SEASPAN CORP (SSW)

seaspan corp (SSW) Related Businessweek News

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seaspan corp (SSW) Details

Seaspan Corporation owns and operates the containerships primarily in Hong Kong. The company charters its containerships pursuant to long-term, fixed-rate time charters to various container liner companies. As of October 29, 2014, it operated a fleet of 76 vessels. The company was founded in 2005 and is based in Majuro, Marshall Islands.

3,050 Employees
Last Reported Date: 03/11/14
Founded in 2005

seaspan corp (SSW) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

seaspan corp (SSW) Key Developments

Seaspan Corporation Provides CapEx Guidance for the Fourth Quarter of 2014

Seaspan Corporation provided CapEx guidance for the fourth quarter of 2014. For the fourth quarter, the company total expected CapEx is approximately $147 million.

Seaspan Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Seaspan Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net earnings were $65,441,000 or $0.54 per basic and diluted share on revenue of $185,870,000 against net earnings was $48,039,000 or $0.42 per basic and diluted share on revenue of $172,392,000 a year ago. Operating earnings were $87,223,000 compared to $83,419,000 a year ago. Cash from operating activities was $86,505,000 compared to $90,096,000 a year ago. Expenditures for vessels were $108,492,000 compared to $63,102,000 a year ago. Normalized net earnings were $38,071,000, normalized net earnings attributable to common shareholders were $24,340,000 against normalized net earnings were $34,057,000, normalized net earnings attributable to common shareholders were $14,344,000 a year ago. Adjusted EBITDA was $139,880,000 compared to $131,402,000 a year ago. Normalized earnings per share, converted was $0.25 compared to $0.28 a year ago. Cash available for distribution to common shareholders was $77,726,000 compared to $72,389,000 a year ago. For the nine months, the company reported net earnings were $103,473,000 or $0.65 per diluted share on revenue of $527,726,000 against net earnings was $230,799,000 or $2.30 per diluted share on revenue of $505,102,000 a year ago. Operating earnings were $240,669,000 compared to $233,839,000 a year ago. Cash from operating activities was $244,346,000 compared to $225,940,000 a year ago. Expenditures for vessels were $211,740,000 compared to $178,896,000 a year ago. Normalized net earnings were $98,951,000, normalized net earnings attributable to common shareholders were $55,862,000 against normalized net earnings were $87,909,000, normalized net earnings attributable to common shareholders were $29,384,000 a year ago. Adjusted EBITDA was $394,584,000 compared to $381,022,000 a year ago. Normalized earnings per share, converted was $0.62 compared to $0.66 a year ago. Cash available for distribution to common shareholders was $213,668,000 compared to $206,440,000 a year ago.

Seaspan Corporation Accepts Delivery of Fifth 10000 TEU SAVER Containership

Seaspan Corporation announced that it accepted delivery of a 10000 TEU containership, the MOL Brightness. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co. Ltd. using Seaspan's fuel-efficient SAVER design, is Seaspan's fifth 10000 TEU SAVER design containership scheduled for delivery in 2014. The MOL Brightness will commence an eight-year, fixed-rate time charter with Mitsui O.S.K. Lines Ltd. The ship is the second of a total of five 10000 TEU SAVER design vessels, and the eighth of a total of eleven vessels, to be chartered by Seaspan to MOL. The delivery of the MOL Brightness expands the company's operating fleet to 76 vessels.

 

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Industry Analysis

SSW

Industry Average

Valuation SSW Industry Range
Price/Earnings 16.1x
Price/Sales 2.6x
Price/Book 1.0x
Price/Cash Flow 5.2x
TEV/Sales NM Not Meaningful
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