Analysts expect that Diana Shipping inc. (NYSE:DSX) will report earnings per share (EPS) of ($0.16) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Diana Shipping’s earnings, with estimates ranging from ($0.21) to ($0.13). Diana Shipping reported earnings per share of ($0.38) in the same quarter last year, which would suggest a positive year over year growth rate of 57.9%. The business is scheduled to announce its next quarterly earnings results on Tuesday, February 13th.

On average, analysts expect that Diana Shipping will report full year earnings of ($0.91) per share for the current financial year, with EPS estimates ranging from ($0.96) to ($0.88). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.30) per share, with EPS estimates ranging from ($0.56) to $0.07. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Diana Shipping.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Diana Shipping from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Pareto Securities upgraded shares of Diana Shipping from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Stifel Nicolaus set a $5.00 target price on shares of Diana Shipping and gave the company a “hold” rating in a research note on Sunday, October 22nd. Jefferies Group reiterated a “hold” rating and set a $4.50 target price on shares of Diana Shipping in a research note on Thursday, September 7th. Finally, ValuEngine lowered shares of Diana Shipping from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Diana Shipping presently has a consensus rating of “Hold” and a consensus target price of $5.00.

Several hedge funds have recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. grew its position in shares of Diana Shipping by 10.2% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock valued at $198,000 after acquiring an additional 4,500 shares during the period. State Street Corp grew its position in shares of Diana Shipping by 15.4% during the 2nd quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock valued at $324,000 after acquiring an additional 10,694 shares during the period. Virtu KCG Holdings LLC bought a new stake in shares of Diana Shipping during the 2nd quarter valued at $180,000. Royce & Associates LP grew its position in shares of Diana Shipping by 4.8% during the 3rd quarter. Royce & Associates LP now owns 1,231,233 shares of the shipping company’s stock valued at $4,469,000 after acquiring an additional 56,900 shares during the period. Finally, Macquarie Group Ltd. grew its position in shares of Diana Shipping by 33.1% during the 2nd quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock valued at $1,252,000 after acquiring an additional 76,650 shares during the period. 37.57% of the stock is owned by hedge funds and other institutional investors.

Shares of Diana Shipping (DSX) traded up $0.05 on Friday, reaching $4.11. 313,700 shares of the company’s stock were exchanged, compared to its average volume of 804,951. Diana Shipping has a 1-year low of $2.96 and a 1-year high of $6.20.

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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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Earnings History and Estimates for Diana Shipping (NYSE:DSX)

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