Zacks: Analysts Expect Diana Shipping inc. (DSX) Will Post Earnings of -$0.16 Per Share
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.
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.
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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