NEW YORK ( TheStreet) -- International Shipholding Corporation (NYSE: ISH) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity, attractive valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. Highlights from the ratings report include:
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Marine industry. The net income increased by 120.6% when compared to the same quarter one year prior, rising from -$13.82 million to $2.85 million.
- Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Marine industry and the overall market, INTL SHIPHOLDING CORP's return on equity exceeds that of both the industry average and the S&P 500.
- The revenue fell significantly faster than the industry average of 65.0%. Since the same quarter one year prior, revenues slightly dropped by 9.8%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
- INTL SHIPHOLDING CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past two years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, INTL SHIPHOLDING CORP reported lower earnings of $2.06 versus $5.79 in the prior year.