Wall Street brokerages predict that Diana Shipping Inc (NYSE:DSX) will announce earnings of $0.07 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Diana Shipping’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.09. Diana Shipping posted earnings per share of ($0.15) during the same quarter last year, which indicates a positive year-over-year growth rate of 146.7%. The company is expected to report its next earnings report before the market opens on Tuesday, February 26th.
According to Zacks, analysts expect that Diana Shipping will report full-year earnings of $0.16 per share for the current year, with EPS estimates ranging from $0.14 to $0.18. For the next financial year, analysts anticipate that the firm will post earnings of $0.35 per share, with EPS estimates ranging from $0.00 to $0.61. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Diana Shipping.
Diana Shipping (NYSE:DSX) last released its quarterly earnings data on Monday, November 26th. The shipping company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.08. Diana Shipping had a negative net margin of 201.14% and a negative return on equity of 0.13%. The firm had revenue of $61.50 million during the quarter, compared to the consensus estimate of $56.52 million. During the same quarter in the previous year, the company posted ($0.25) earnings per share. The firm’s revenue was up 40.1% on a year-over-year basis.
Separately, Zacks Investment Research downgraded shares of Diana Shipping from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $4.00.
Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in shares of Diana Shipping by 149.1% during the second quarter. Millennium Management LLC now owns 886,458 shares of the shipping company’s stock valued at $4,264,000 after acquiring an additional 530,571 shares during the period. Renaissance Technologies LLC raised its stake in shares of Diana Shipping by 14.1% during the third quarter. Renaissance Technologies LLC now owns 1,004,400 shares of the shipping company’s stock valued at $4,138,000 after purchasing an additional 124,400 shares in the last quarter. Royce & Associates LP raised its stake in shares of Diana Shipping by 5.6% during the third quarter. Royce & Associates LP now owns 1,505,733 shares of the shipping company’s stock valued at $6,204,000 after purchasing an additional 80,000 shares in the last quarter. Virtu Financial LLC raised its stake in shares of Diana Shipping by 28.2% during the fourth quarter. Virtu Financial LLC now owns 20,790 shares of the shipping company’s stock valued at $66,000 after purchasing an additional 4,569 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Diana Shipping by 15.6% during the third quarter. Russell Investments Group Ltd. now owns 2,058,979 shares of the shipping company’s stock valued at $8,456,000 after purchasing an additional 277,607 shares in the last quarter. 37.48% of the stock is owned by institutional investors.
Shares of DSX opened at $3.12 on Thursday. Diana Shipping has a 1 year low of $2.90 and a 1 year high of $5.16. The firm has a market cap of $324.76 million, a PE ratio of -3.95 and a beta of 0.97.
About Diana Shipping
Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including iron ore, coal, and grains, as well as steel products, cement, and fertilizers through its ownership of dry bulk vessels worldwide. As of December 31, 2017, it operated a fleet of 50 dry bulk carriers, including 22 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.
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