Zacks: Analysts Anticipate Diana Shipping inc. (DSX) Will Announce Earnings of -$0.21 Per Share
Analysts expect Diana Shipping inc. (NYSE:DSX) to post ($0.21) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Diana Shipping inc.’s earnings. The highest EPS estimate is ($0.15) and the lowest is ($0.27). Diana Shipping inc. reported earnings of ($0.99) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 78.8%. The company is expected to announce its next quarterly earnings results on Thursday, November 16th.
On average, analysts expect that Diana Shipping inc. will report full-year earnings of ($1.00) per share for the current year, with EPS estimates ranging from ($1.17) to ($0.91). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.33) per share, with EPS estimates ranging from ($0.59) to $0.14. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Diana Shipping inc..
Diana Shipping inc. (NYSE:DSX) last released its earnings results on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by $0.01. The business had revenue of $37.75 million during the quarter, compared to the consensus estimate of $36.21 million. Diana Shipping inc. had a negative net margin of 122.29% and a negative return on equity of 14.80%. The business’s revenue was up 33.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.41) earnings per share.
A number of brokerages recently weighed in on DSX. Credit Suisse Group set a $3.00 price objective on shares of Diana Shipping inc. and gave the stock a “hold” rating in a report on Saturday, April 22nd. Zacks Investment Research lowered shares of Diana Shipping inc. from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Jefferies Group LLC decreased their price objective on shares of Diana Shipping inc. from $5.00 to $4.50 and set a “hold” rating for the company in a report on Thursday, May 25th. BidaskClub upgraded shares of Diana Shipping inc. from a “hold” rating to a “buy” rating in a report on Friday, July 14th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $5.25 price objective on shares of Diana Shipping inc. in a report on Wednesday, July 19th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $4.07.
A number of large investors have recently bought and sold shares of the company. Ironwood Investment Management LLC increased its stake in Diana Shipping inc. by 1.4% in the first quarter. Ironwood Investment Management LLC now owns 30,192 shares of the shipping company’s stock worth $139,000 after buying an additional 426 shares during the period. Edmond DE Rothschild Holding S.A. bought a new stake in Diana Shipping inc. during the first quarter worth approximately $205,000. Horseman Capital Management Ltd bought a new stake in Diana Shipping inc. during the first quarter worth approximately $469,000. Macquarie Group Ltd. increased its stake in Diana Shipping inc. by 41.1% in the fourth quarter. Macquarie Group Ltd. now owns 174,750 shares of the shipping company’s stock worth $528,000 after buying an additional 50,900 shares during the period. Finally, DnB Asset Management AS bought a new stake in Diana Shipping inc. during the second quarter worth approximately $741,000. 34.54% of the stock is owned by institutional investors and hedge funds.
Diana Shipping inc. (DSX) traded up 1.80% during trading on Friday, hitting $3.96. The stock had a trading volume of 422,712 shares. Diana Shipping inc. has a 1-year low of $2.21 and a 1-year high of $6.20. The company’s market capitalization is $382.90 million. The stock’s 50-day moving average price is $3.91 and its 200-day moving average price is $4.11.
Diana Shipping inc. Company Profile
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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