Latest news with #InternationalSeaways
Business Wire
6 days ago
- Business
- Business Wire
International Seaways to Announce Second Quarter 2025 Results on August 6, 2025
NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the 'Company' or 'INSW') announced today that it plans to release second quarter 2025 results before market open on Wednesday, August 6, 2025. The Company will host a conference call for investors at 9:00 a.m. Eastern Time ('ET') on the same day. Conference Call Details: A live webcast of the conference call will be available from the Investor Relations section of the Company's website at An audio replay of the conference call will be available starting at 12:00 p.m. ET on Wednesday, August 6, 2025 through 11:59 p.m. ET on Wednesday, August 13, 2025 by dialing +1 (866) 813-9403 for domestic callers and +44 204 525 0658 for international callers, and entering Access Code 845806. 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 81 vessels, including 11 VLCCs, 13 Suezmaxes, five Aframaxes/LR2s, 13 LR1s (including six newbuildings), and 39 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 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 (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 the Company's plans to issue dividends, its prospects, including statements regarding vessel acquisitions, 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.
Business Insider
12-07-2025
- Business
- Business Insider
International Seaways (INSW) Gets a Buy from B.Riley Financial
Financial analyst initiated coverage with a Buy rating on International Seaways on July 9 and set a price target of $64.00. The company's shares closed yesterday at $40.04. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The word on The Street in general, suggests a Strong Buy analyst consensus rating for International Seaways with a $52.00 average price target. INSW market cap is currently $1.96B and has a P/E ratio of 6.15. Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INSW in relation to earlier this year. Most recently, in May 2025, Derek G. Solon, the SVP of INSW sold 1,500.00 shares for a total of $57,315.00.
Yahoo
25-06-2025
- Business
- Yahoo
Are Transportation Stocks Lagging International Seaways (INSW) This Year?
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has International Seaways (INSW) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question. International Seaways is a member of the Transportation sector. This group includes 122 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. International Seaways is currently sporting a Zacks Rank of #1 (Strong Buy). Over the past three months, the Zacks Consensus Estimate for INSW's full-year earnings has moved 13.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving. According to our latest data, INSW has moved about 4.1% on a year-to-date basis. Meanwhile, the Transportation sector has returned an average of -6% on a year-to-date basis. This means that International Seaways is outperforming the sector as a whole this year. One other Transportation stock that has outperformed the sector so far this year is SkyWest (SKYW). The stock is up 0.1% year-to-date. The consensus estimate for SkyWest's current year EPS has increased 3.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, International Seaways belongs to the Transportation - Shipping industry, which includes 36 individual stocks and currently sits at #68 in the Zacks Industry Rank. On average, stocks in this group have lost 4.1% this year, meaning that INSW is performing better in terms of year-to-date returns. In contrast, SkyWest falls under the Transportation - Airline industry. Currently, this industry has 27 stocks and is ranked #48. Since the beginning of the year, the industry has moved -7%. Investors with an interest in Transportation stocks should continue to track International Seaways and SkyWest. These stocks will be looking to continue their solid performance. 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 SkyWest, Inc. (SKYW) : 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
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
