Diana Shipping inc. (NYSE:DSX) Expected to Post Quarterly Sales of $40.49 Million
Equities research analysts expect that Diana Shipping inc. (NYSE:DSX) will announce sales of $40.49 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Diana Shipping inc.’s earnings, with the lowest sales estimate coming in at $38.96 million and the highest estimate coming in at $43.45 million. Diana Shipping inc. posted sales of $27.12 million in the same quarter last year, which suggests a positive year-over-year growth rate of 49.3%. The firm is scheduled to report its next earnings results on Thursday, November 16th.
According to Zacks, analysts expect that Diana Shipping inc. will report full-year sales of $40.49 million for the current financial year, with estimates ranging from $131.70 million to $160.00 million. For the next fiscal year, analysts expect that the firm will post sales of $206.94 million per share, with estimates ranging from $170.40 million to $271.31 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Diana Shipping inc..
Diana Shipping inc. (NYSE:DSX) last released its quarterly earnings data on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.25) by $0.01. The company had revenue of $37.75 million for the quarter, compared to the consensus estimate of $36.21 million. Diana Shipping inc. had a negative return on equity of 14.80% and a negative net margin of 122.29%. The business’s revenue was up 33.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.41) earnings per share.
DSX has been the subject of several research analyst reports. Zacks Investment Research raised shares of Diana Shipping inc. from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a report on Wednesday, April 26th. J P Morgan Chase & Co raised shares of Diana Shipping inc. from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 4th. Stifel Nicolaus reissued a “hold” rating and issued a $5.25 price target on shares of Diana Shipping inc. in a report on Friday, May 26th. Finally, Jefferies Group LLC decreased their price target 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. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $4.07.
Large investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of Diana Shipping inc. by 9.3% in the fourth quarter. Renaissance Technologies LLC now owns 932,500 shares of the shipping company’s stock valued at $2,816,000 after buying an additional 79,500 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Diana Shipping inc. by 41.1% in the fourth quarter. Macquarie Group Ltd. now owns 174,750 shares of the shipping company’s stock valued at $528,000 after buying an additional 50,900 shares during the period. Horseman Capital Management Ltd acquired a new stake in shares of Diana Shipping inc. during the first quarter valued at approximately $469,000. Parametric Portfolio Associates LLC boosted its stake in shares of Diana Shipping inc. 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 during the period. Finally, Phoenix Investment Adviser LLC boosted its stake in shares of Diana Shipping inc. 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 during the period. 34.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Diana Shipping inc. (NYSE:DSX) opened at 4.09 on Tuesday. The company’s market capitalization is $395.47 million. Diana Shipping inc. has a 1-year low of $2.21 and a 1-year high of $6.20. The stock’s 50 day moving average price is $3.91 and its 200 day moving average price is $4.11.
About Diana Shipping inc.
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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