FY2017 EPS Estimates for Diana Shipping Inc. Raised by Analyst (DSX)
Diana Shipping Inc. (NYSE:DSX) – Stock analysts at Jefferies Group lifted their FY2017 earnings per share (EPS) estimates for Diana Shipping in a report issued on Tuesday. Jefferies Group analyst D. Mavrinac now forecasts that the shipping company will post earnings of ($1.01) per share for the year, up from their prior estimate of ($1.10). Jefferies Group currently has a “Hold” rating and a $4.50 target price on the stock.
DSX has been the topic of several other research reports. JPMorgan Chase & Co. upgraded shares of Diana Shipping from a “neutral” rating to an “overweight” rating and set a $8.00 price target on the stock in a report on Friday, April 7th. Zacks Investment Research upgraded shares of Diana Shipping from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a report on Wednesday, April 26th. Nordea Equity Research raised Diana Shipping from a “hold” rating to a “buy” rating in a research report on Friday, January 27th. Finally, Credit Suisse Group AG set a $3.00 price objective on Diana Shipping and gave the company a “hold” rating in a research report on Saturday, April 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Diana Shipping has an average rating of “Hold” and an average price target of $4.25.
Diana Shipping (NYSE:DSX) opened at 3.97 on Thursday. The company’s 50 day moving average is $4.36 and its 200-day moving average is $3.89. Diana Shipping has a 52-week low of $2.11 and a 52-week high of $6.20. The firm’s market cap is $320.59 million.
Diana Shipping (NYSE:DSX) last issued its quarterly earnings results on Tuesday, May 23rd. The shipping company reported ($0.34) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.03. The firm had revenue of $31.30 million for the quarter, compared to the consensus estimate of $28.69 million. Diana Shipping had a negative net margin of 131.28% and a negative return on equity of 14.09%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.41) EPS.
Institutional investors have recently made changes to their positions in the stock. Ironwood Investment Management LLC raised its position in shares of Diana Shipping by 1.4% in the first quarter. Ironwood Investment Management LLC now owns 30,192 shares of the shipping company’s stock valued at $139,000 after buying an additional 426 shares in the last quarter. Phoenix Investment Adviser LLC raised its position in Diana Shipping by 11.2% in the first quarter. Phoenix Investment Adviser LLC now owns 199,201 shares of the shipping company’s stock valued at $920,000 after buying an additional 20,000 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in Diana Shipping by 1.9% in the first quarter. Parametric Portfolio Associates LLC now owns 1,709,979 shares of the shipping company’s stock valued at $7,900,000 after buying an additional 32,397 shares in the last quarter. Geode Capital Management LLC bought a new position in Diana Shipping during the first quarter valued at about $167,000. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Diana Shipping during the first quarter valued at about $205,000. 42.91% of the stock is owned by institutional investors and hedge funds.
About Diana Shipping
Diana Shipping Inc is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. As of February 16, 2017, the Company’s operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt).
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