Diamond S Shipping Inc (NYSE:DSSI) Expected to Announce Quarterly Sales of $116.26 Million

Equities analysts expect Diamond S Shipping Inc (NYSE:DSSI) to announce sales of $116.26 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Diamond S Shipping’s earnings, with the highest sales estimate coming in at $117.12 million and the lowest estimate coming in at $115.40 million. The company is expected to issue its next earnings results on Tuesday, August 13th.

According to Zacks, analysts expect that Diamond S Shipping will report full-year sales of $517.44 million for the current financial year, with estimates ranging from $512.43 million to $522.46 million. For the next financial year, analysts anticipate that the business will post sales of $625.87 million, with estimates ranging from $622.11 million to $629.64 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Diamond S Shipping.

Diamond S Shipping (NYSE:DSSI) last announced its quarterly earnings results on Tuesday, May 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $102.66 million during the quarter, compared to the consensus estimate of $144.85 million.

DSSI has been the subject of several recent research reports. B. Riley initiated coverage on Diamond S Shipping in a research report on Thursday, April 4th. They set a “buy” rating and a $16.00 price objective for the company. Clarkson Capital initiated coverage on Diamond S Shipping in a research report on Tuesday, April 9th. They set a “buy” rating and a $25.00 price objective for the company. Finally, Stifel Nicolaus initiated coverage on Diamond S Shipping in a research report on Tuesday, June 4th. They set a “buy” rating and a $18.00 price objective for the company.

In other news, CEO Craig H. Stevenson, Jr. acquired 39,215 shares of Diamond S Shipping stock in a transaction dated Thursday, May 23rd. The stock was bought at an average cost of $12.52 per share, with a total value of $490,971.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Craig H. Stevenson, Jr. acquired 20,231 shares of Diamond S Shipping stock in a transaction dated Tuesday, June 11th. The shares were purchased at an average cost of $11.69 per share, with a total value of $236,500.39. The disclosure for this purchase can be found here.

A number of hedge funds and other institutional investors have recently modified their holdings of DSSI. Arrow Investment Advisors LLC acquired a new position in Diamond S Shipping during the first quarter valued at approximately $235,000. California Public Employees Retirement System acquired a new position in Diamond S Shipping during the first quarter valued at approximately $295,000. Raymond James & Associates acquired a new position in Diamond S Shipping during the first quarter valued at approximately $253,000. CarVal Investors LLC acquired a new position in Diamond S Shipping during the first quarter valued at approximately $27,041,000. Finally, JPMorgan Chase & Co. acquired a new position in Diamond S Shipping during the first quarter valued at approximately $1,978,000. 56.46% of the stock is owned by hedge funds and other institutional investors.

DSSI stock opened at $10.89 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.86 and a current ratio of 1.07. Diamond S Shipping has a fifty-two week low of $9.60 and a fifty-two week high of $14.26.

Diamond S Shipping Company Profile

Diamond S Shipping Inc operates as a shipping company. The company operates through two segments, Crude Tankers and Product Tankers. It provides seaborne transportation of crude oil, refined petroleum, and other production. As of March 28, 2019, it owned and operated a fleet of 68 vessels, including 15 Suezmax vessels, 1 Aframax, and 52 medium-range product tankers.

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