Diana Shipping (DSX) Scheduled to Post Quarterly Earnings on Wednesday

Diana Shipping (NYSE:DSX) is set to issue its quarterly earnings data before the market opens on Wednesday, February 14th.

Diana Shipping (NYSE:DSX) last announced its earnings results on Tuesday, November 21st. The shipping company reported ($0.20) EPS for the quarter, meeting the consensus estimate of ($0.20). Diana Shipping had a negative return on equity of 9.26% and a negative net margin of 69.54%. The business had revenue of $43.92 million during the quarter, compared to the consensus estimate of $40.98 million. On average, analysts expect Diana Shipping to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Diana Shipping (NYSE DSX) opened at $3.42 on Wednesday. Diana Shipping has a fifty-two week low of $3.29 and a fifty-two week high of $6.20. The company has a market capitalization of $353.99, a price-to-earnings ratio of -2.95 and a beta of 1.39.

DSX has been the subject of several analyst reports. Zacks Investment Research raised 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 Diana Shipping and gave the company a “hold” rating in a report on Sunday, October 22nd. Citigroup upped their target price on Diana Shipping from $2.50 to $5.00 and gave the company a “hold” rating in a report on Tuesday, October 31st. They noted that the move was a valuation call. Deutsche Bank reaffirmed a “hold” rating on shares of Diana Shipping in a report on Tuesday, October 31st. Finally, ValuEngine downgraded Diana Shipping from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $4.57.

A hedge fund recently raised its stake in Diana Shipping stock. State Street Corp increased its holdings in Diana Shipping inc. (NYSE:DSX) by 15.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,149 shares of the shipping company’s stock after acquiring an additional 10,694 shares during the period. State Street Corp owned about 0.08% of Diana Shipping worth $324,000 at the end of the most recent reporting period. 37.59% of the stock is currently owned by institutional investors and hedge funds.

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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).

Earnings History for Diana Shipping (NYSE:DSX)

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