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DryShips (NASDAQ:DRYS) is set to announce its Q214 earnings results on Tuesday, August 5th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $482.07 million for the quarter.

DryShips (NASDAQ:DRYS) last posted its quarterly earnings results on Thursday, May 22nd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.06. The company had revenue of $457.49 million for the quarter, compared to the consensus estimate of $445.56 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The company’s revenue for the quarter was up 43.1% on a year-over-year basis. On average, analysts expect DryShips to post $-0.01 EPS for the current fiscal year and $0.27 EPS for the next fiscal year.

DryShips (NASDAQ:DRYS) traded up 0.73% during mid-day trading on Monday, hitting $2.76. The stock had a trading volume of 644,402 shares. DryShips has a one year low of $1.87 and a one year high of $5.00. The stock’s 50-day moving average is $3.12 and its 200-day moving average is $3.29. The company’s market cap is $1.197 billion.

A number of research firms have recently commented on DRYS. Analysts at Imperial Capital raised their price target on shares of DryShips from $2.75 to $4.00 in a research note on Tuesday, June 24th. They now have an “outperform” rating on the stock. Analysts at Zacks downgraded shares of DryShips from a “neutral” rating to an “underperform” rating in a research note on Friday, June 20th. They now have a $3.25 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $3.44.

DryShips Inc (NASDAQ:DRYS) is a holding company engaged in the ocean transportation services of drybulk cargoes and crude oil worldwide through the ownership and operation of drybulk carrier vessels and oil tankers and offshore drilling services through the ownership and operation of ultra-deepwater drilling units.

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