Latest news with #InternationalSeaways
Yahoo
16-05-2025
- Business
- Yahoo
International Seaways and V. Partner to Launch Female Cadet Program
NEW YORK, May 16, 2025--(BUSINESS WIRE)--International Seaways (NYSE: INSW), one of the world's largest tanker companies, and V., the global ship manager and marine services provider, have today announced the launch of a newly designed female cadet program. Together with INSW, V. is implementing various strategic initiatives to create a more female friendly working environment onboard, which include access to gender specific facilities, workwear, safety equipment, and health and wellness programs. This intake of female cadets will join two dedicated and adapted training ships in September and will be supported throughout their first rotation by female senior officers from the INSW fleet. These initiatives, along with an onboard culture training program, will be used to establish best practices for a safer and more inclusive environment at sea to benefit all seafarers. Today, women make up less than 2% of the global seafaring workforce while the industry faces a growing skills shortage. This joint project aims to increase the visibility and attractiveness of maritime careers for women and allow both companies to tap into underutilized talent pools and build a more diverse and sustainable workforce. Lois Zabrocky, CEO, INSW, said: "Female seafarers represent a wealth of untapped talent for the maritime industry. We're thrilled to be working with V. on this collaborative initiative to build a more inclusive and positive workplace." "On this occasion of International Day for Women in Maritime 2025, we call for all hands on deck in championing a safe and supportive workplace for everyone. We recognize that when people have equal opportunities to thrive in their roles, the entire industry benefits and grows." René Kofod-Olsen, CEO, added: "This program is not only a natural extension of our long-standing partnership with INSW, but it's also a must-win battle for the entire industry. Enhancing diversity on all fronts is a commercial and strategic advantage. It ensures we have the best talent in our teams and are able to deliver on our promise of operational excellence at sea." ABOUT INTERNATIONAL SEAWAYS, INC. International Seaways, Inc. (NYSE: INSW) is one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets. International Seaways owns and operates a fleet of 84 vessels, including 11 VLCCs, 13 Suezmaxes, five Aframaxes/LR2s, 14 LR1s (including six newbuildings), and 41 MR tankers. International Seaways has an experienced team committed to the very best operating practices and the highest levels of customer service and operational efficiency. International Seaways is headquartered in New York City, NY. Additional information is available at ABOUT V. With over 40 years of experience in shipping, V. is the leading, trusted, global provider of mission critical services to the maritime industry. V. serves approximately 3,500 vessels from pedigree shipowners and managers alike, with safety and compliance at the heart of V.'s operating model. The company offers a comprehensive suite of services, including technical ship management, crew management, crew welfare services (e.g. catering, travel, and digital wallets & payment cards), leveraged procurement, technical services, specialist insurance broking, and modern shipping-specific digital solutions. Forward-Looking Statements This release contains forward-looking statements. In addition, the Company may make or approve certain statements in future filings with the U.S. Securities and Exchange Commission (the "SEC"), in press releases, or in oral or written presentations by representatives of the Company. All statements other than statements of historical facts should be considered forward-looking statements. These matters or statements may relate to plans to issue dividends, the Company's prospects, including statements regarding vessel acquisitions and disposals, expected synergies, trends in the tanker markets, and possibilities of strategic alliances and investments. Forward-looking statements are based on the Company's current plans, estimates and projections, and are subject to change based on a number of factors. Investors should carefully consider the risk factors outlined in more detail in the Annual Report on Form 10-K for 2024 for the Company, the Form 10-Q for the first quarter of 2025, and in similar sections of other filings made by the Company with the SEC from time to time. The Company assumes no obligation to update or revise any forward-looking statements. Forward-looking statements and written and oral forward-looking statements attributable to the Company or its representatives after the date of this release are qualified in their entirety by the cautionary statements contained in this paragraph and in other reports previously or hereafter filed by the Company with the SEC. View source version on Contacts Investor Relations & Media: Tom Trovato, International Seaways, Inc.(212) 578-1602ttrovato@
Yahoo
13-05-2025
- Business
- Yahoo
International Seaways First Quarter 2025 Earnings: Beats Expectations
Revenue: US$183.4m (down 33% from 1Q 2024). Net income: US$49.5m (down 66% from 1Q 2024). Profit margin: 27% (down from 53% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. EPS: US$1.01 (down from US$2.95 in 1Q 2024). We've discovered 2 warning signs about International Seaways. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 54%. Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.6% growth forecast for the Oil and Gas industry in the US. Performance of the American Oil and Gas industry. The company's shares are up 4.3% from a week ago. You should always think about risks. Case in point, we've spotted 2 warning signs for International Seaways you should be aware of, and 1 of them is a bit concerning. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-05-2025
- Business
- Yahoo
International Seaways, Inc. (INSW): Among Cheap Rising Stocks to Buy Right Now
We recently published a list of the 10 Cheap Rising Stocks to Buy Right Now. In this article, we will look at where International Seaways, Inc. (NYSE:INSW) stands against other cheap rising stocks in which to invest. On May 2, US stocks notched their longest winning streak since 2004 as the United States and China signaled a willingness to have trade talks. The broad market index rose 1.47%, which helped it erase the losses since the Trump administration announced reciprocal tariffs on April 2. READ ALSO: ChatGPT Stock Advice: Top 12 Stock Recommendations and 11 Worst Performing Stocks in S&P 500 So Far in 2025. Trump told Time magazine on April 22 that his administration was engaged with China on striking a tariff deal. The US president also said he expects announcements on many other trade deals to be made over the next three to four weeks. During an interview with NBC on May 2, the US President stated that tariffs on Chinese imports will eventually be lowered: At some point, I'm going to lower them because otherwise, you could never do business with them. They want to do business very much … their economy is collapsing.' Jay Hatfield, founder and chief investment officer of InfraCap, believes the worst of the uncertainty around tariffs is over. He shared the following remarks while talking to CNBC: 'The confusion about whether there's really talks going on with China or not took some steam out of the market. Our view is that we've reached peak tariff tantrum and so it's likely to be more positive than negative.' A spokesperson for China's Commerce Ministry has said the country is currently assessing proposals shared by Washington to begin trade negotiations. Analysts view the statement as a subtle shift in tone from Beijing that could potentially open the door for talks on tariffs. The stock market has also received a boost from the latest jobs data shared by the Bureau of Labor Statistics. The American economy added 177,000 new jobs in April. While this was slightly down from 185,000 jobs in March, the gain was still stronger than the average pace of monthly job growth in the last three months, which reflected the resilience of the US job market. Sprawling oceangoing cargo vessels sailing on a glistening sea. For this article, we sifted through screeners to identify stocks with returns of 10% or more over the past 30 days, a forward P/E ratio of less than 15, a trailing P/E ratio of less than 15, and a P/B ratio of under 1. From there, we picked the 10 stocks with the lowest forward P/E ratio and ranked them in descending order. All data is as of the close of business on May 5, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). 30-day returns: 26.63% Forward P/E ratio: 7.30 International Seaways, Inc. (NYSE:INSW) is a tanker company that provides energy transportation services for petroleum products and crude oil in international flag markets. It operates a fleet of 84 vessels. Over the past decade, the company has built an impressive track record of shareholder returns, maintaining a healthy balance sheet, and investing in growth. International Seaways, Inc. (NYSE:INSW) also has a reputation for continuously renewing its fleet to ensure that its average age is about 10 years, which is considered a sweet spot for tanker investments and returns. During 2024, International Seaways, Inc. (NYSE:INSW) signed three time charter agreements for a 2014-built LR2 and two 2009-built MRs. The company also has contracts to build six scrubber-fitted, dual-fuel (LNG) ready, LR1 vessels with K Shipbuilding Co in Korea for $359 million. The deliveries are expected between Q3 2025 and Q3 2026. International Seaways, Inc. (NYSE:INSW) declared an adjusted net income of $40 million for the first quarter of fiscal 2025, translating to an EPS of $0.89, falling just shy of expectations. However, the company's revenue of $183.39 million surpassed expectations. Overall, the results showcased a steady performance. On May 8, Jefferies reiterated International Seaways, Inc. (NYSE:INSW)'s Buy rating and maintained its price target of $48 per share. It is among the cheap rising stocks to buy right now. Overall, INSW ranks 8th among the 10 Cheap Rising Stocks to Buy Right Now. While we acknowledge the potential of INSW as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than INSW but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
10-05-2025
- Business
- Yahoo
Results: International Seaways, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
As you might know, International Seaways, Inc. (NYSE:INSW) just kicked off its latest first-quarter results with some very strong numbers. The company beat forecasts, with revenue of US$183m, some 3.9% above estimates, and statutory earnings per share (EPS) coming in at US$1.00, 54% ahead of expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Following the recent earnings report, the consensus from six analysts covering International Seaways is for revenues of US$779.3m in 2025. This implies a definite 9.4% decline in revenue compared to the last 12 months. Statutory earnings per share are forecast to crater 39% to US$3.98 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$784.7m and earnings per share (EPS) of US$4.47 in 2025. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a real cut to EPS estimates. Check out our latest analysis for International Seaways The consensus price target held steady at US$53.00, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on International Seaways, with the most bullish analyst valuing it at US$70.00 and the most bearish at US$40.00 per share. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await International Seaways shareholders. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the International Seaways' past performance and to peers in the same industry. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 12% by the end of 2025. This indicates a significant reduction from annual growth of 26% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 3.5% per year. It's pretty clear that International Seaways' revenues are expected to perform substantially worse than the wider industry. The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for International Seaways. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that International Seaways' revenue is expected to perform worse than the wider industry. The consensus price target held steady at US$53.00, with the latest estimates not enough to have an impact on their price targets. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for International Seaways going out to 2027, and you can see them free on our platform here.. It is also worth noting that we have found 2 warning signs for International Seaways (1 doesn't sit too well with us!) that you need to take into consideration. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
International Seaways (INSW) Q1 Earnings and Revenues Top Estimates
International Seaways (INSW) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $2.92 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 35.59%. A quarter ago, it was expected that this company would post earnings of $0.70 per share when it actually produced earnings of $0.90, delivering a surprise of 28.57%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. International Seaways , which belongs to the Zacks Transportation - Shipping industry, posted revenues of $183.39 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 6.17%. This compares to year-ago revenues of $274.4 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. International Seaways shares have added about 1.1% since the beginning of the year versus the S&P 500's decline of -4.3%. While International Seaways has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for International Seaways: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.88 on $183.98 million in revenues for the coming quarter and $3.65 on $738.08 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Shipping is currently in the bottom 11% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. ZIM Integrated Shipping Services (ZIM), another stock in the same industry, has yet to report results for the quarter ended March 2025. The results are expected to be released on May 19. This container shipping company is expected to post quarterly earnings of $1.66 per share in its upcoming report, which represents a year-over-year change of +121.3%. The consensus EPS estimate for the quarter has been revised 17.9% lower over the last 30 days to the current level. ZIM Integrated Shipping Services' revenues are expected to be $1.73 billion, up 11% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report International Seaways Inc. (INSW) : Free Stock Analysis Report ZIM Integrated Shipping Services Ltd. (ZIM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
