Diana Shipping inc. Expected to Post Q2 2018 Earnings of ($0.12) Per Share (DSX)

Diana Shipping inc. (NYSE:DSX) – Analysts at Jefferies Group issued their Q2 2018 EPS estimates for shares of Diana Shipping in a research note issued to investors on Friday. Jefferies Group analyst R. Giveans anticipates that the shipping company will post earnings per share of ($0.12) for the quarter. Jefferies Group has a “Hold” rating and a $4.50 price target on the stock. Jefferies Group also issued estimates for Diana Shipping’s Q3 2018 earnings at ($0.03) EPS, Q4 2018 earnings at $0.08 EPS and FY2019 earnings at $0.37 EPS.

Diana Shipping (NYSE:DSX) last released its earnings results on Tuesday, November 21st. The shipping company reported ($0.20) EPS for the quarter, hitting the consensus estimate of ($0.20). Diana Shipping had a negative net margin of 69.54% and a negative return on equity of 9.26%. The firm had revenue of $43.92 million for the quarter, compared to the consensus estimate of $40.98 million.

Several other equities analysts also recently commented on DSX. Zacks Investment Research raised shares of Diana Shipping from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Stifel Nicolaus set a $5.00 target price on shares of Diana Shipping and gave the stock a “hold” rating in a report on Sunday, October 22nd. Citigroup boosted their target price on shares of Diana Shipping from $2.50 to $5.00 and gave the stock a “hold” rating in a report on Tuesday, October 31st. They noted that the move was a valuation call. Deutsche Bank reissued a “hold” rating on shares of Diana Shipping in a report on Tuesday, October 31st. Finally, ValuEngine downgraded shares of Diana Shipping from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Diana Shipping currently has an average rating of “Hold” and an average target price of $4.57.

Diana Shipping (NYSE DSX) opened at $3.90 on Monday. Diana Shipping has a 1-year low of $3.45 and a 1-year high of $6.20. The company has a market cap of $403.67, a price-to-earnings ratio of -2.05 and a beta of 1.64.

Institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its stake in Diana Shipping by 33.1% during the second quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock valued at $1,252,000 after purchasing an additional 76,650 shares in the last quarter. Royce & Associates LP raised its stake in Diana Shipping by 4.8% during the third quarter. Royce & Associates LP now owns 1,231,233 shares of the shipping company’s stock valued at $4,469,000 after purchasing an additional 56,900 shares in the last quarter. Kopernik Global Investors LLC raised its stake in Diana Shipping by 8.0% during the third quarter. Kopernik Global Investors LLC now owns 4,061,913 shares of the shipping company’s stock valued at $14,745,000 after purchasing an additional 300,253 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Diana Shipping by 44.6% during the third quarter. Russell Investments Group Ltd. now owns 2,178,411 shares of the shipping company’s stock valued at $7,908,000 after purchasing an additional 671,587 shares in the last quarter. Finally, Phoenix Investment Adviser LLC raised its stake in Diana Shipping by 97.6% during the fourth quarter. Phoenix Investment Adviser LLC now owns 241,935 shares of the shipping company’s stock valued at $985,000 after purchasing an additional 119,499 shares in the last quarter. 37.48% of the stock is currently owned by institutional investors.

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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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