Analysts Issue Forecasts for Diana Shipping inc.’s Q3 2017 Earnings (DSX)
Diana Shipping inc. (NYSE:DSX) – Equities research analysts at Jefferies Group lowered their Q3 2017 earnings per share estimates for Diana Shipping inc. in a research note issued to investors on Thursday. Jefferies Group analyst D. Mavrinac now forecasts that the shipping company will post earnings of ($0.23) per share for the quarter, down from their previous estimate of ($0.22). Jefferies Group currently has a “Hold” rating and a $4.50 target price on the stock. Jefferies Group also issued estimates for Diana Shipping inc.’s FY2017 earnings at ($1.02) EPS.
Diana Shipping inc. (NYSE:DSX) last released its quarterly earnings results on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.01). Diana Shipping inc. had a negative net margin of 122.29% and a negative return on equity of 14.80%. The firm had revenue of $37.75 million for the quarter, compared to analyst estimates of $36.21 million. During the same quarter in the prior year, the firm earned ($0.41) EPS. The firm’s revenue was up 33.3% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/23/analysts-issue-forecasts-for-diana-shipping-inc-s-q3-2017-earnings-dsx.html.
Other research analysts have also issued research reports about the stock. Pareto Securities raised shares of Diana Shipping inc. from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. BidaskClub upgraded shares of Diana Shipping inc. from a “hold” rating to a “buy” rating in a report on Friday, July 14th. Zacks Investment Research upgraded shares of Diana Shipping inc. from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Tuesday, July 11th. Stifel Nicolaus restated a “hold” rating and set a $5.25 target price on shares of Diana Shipping inc. in a report on Wednesday, July 19th. Finally, J P Morgan Chase & Co upgraded shares of Diana Shipping inc. from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 4th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $4.33.
Shares of Diana Shipping inc. (DSX) opened at 4.07 on Monday. The stock’s 50 day moving average is $3.97 and its 200-day moving average is $4.06. Diana Shipping inc. has a 12-month low of $2.36 and a 12-month high of $6.20. The firm’s market cap is $393.53 million.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ironwood Investment Management LLC raised its holdings in shares of 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 valued at $139,000 after purchasing an additional 426 shares during the last quarter. Virtu KCG Holdings LLC acquired a new stake in shares of Diana Shipping inc. in the second quarter valued at approximately $180,000. Edmond DE Rothschild Holding S.A. raised its holdings in shares of Diana Shipping inc. by 10.2% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock valued at $198,000 after purchasing an additional 4,500 shares during the last quarter. State Street Corp raised its holdings in shares of Diana Shipping inc. by 15.4% in the second quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock valued at $324,000 after purchasing an additional 10,694 shares during the last quarter. Finally, DnB Asset Management AS acquired a new stake in shares of Diana Shipping inc. in the second quarter valued at approximately $741,000. Institutional investors own 37.31% of the company’s stock.
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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