Equities analysts expect Diana Shipping inc. (NYSE:DSX) to report earnings per share of ($0.21) for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Diana Shipping inc.’s earnings, with the lowest EPS estimate coming in at ($0.27) and the highest estimate coming in at ($0.15). Diana Shipping inc. posted earnings per share of ($0.99) during the same quarter last year, which would indicate a positive year over year growth rate of 78.8%. The firm is scheduled to issue its next quarterly earnings results on Thursday, November 16th.
According to Zacks, analysts expect that Diana Shipping inc. will report full-year earnings of ($1.00) per share for the current year, with EPS estimates ranging from ($1.17) to ($0.91). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.33) per share, with EPS estimates ranging from ($0.59) to $0.14. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Diana Shipping inc..
Diana Shipping inc. (NYSE:DSX) last posted its earnings results on Wednesday, July 26th. The shipping company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.25) by $0.01. Diana Shipping inc. had a negative net margin of 122.29% and a negative return on equity of 14.80%. The firm had revenue of $37.75 million during the quarter, compared to analyst estimates of $36.21 million. During the same period in the previous year, the company posted ($0.41) EPS. Diana Shipping inc.’s revenue for the quarter was up 33.3% compared to the same quarter last year.
A number of research firms recently commented on DSX. Zacks Investment Research cut shares of Diana Shipping inc. from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. BidaskClub cut shares of Diana Shipping inc. from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $5.25 price target on shares of Diana Shipping inc. in a report on Wednesday, July 19th. Jefferies Group LLC lifted their price target on shares of Diana Shipping inc. from $3.50 to $5.00 and gave the stock a “hold” rating in a report on Monday, April 24th. Finally, J P Morgan Chase & Co raised shares of Diana Shipping inc. from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 4th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $4.07.
Diana Shipping inc. (NYSE:DSX) opened at 4.14 on Friday. The stock has a 50 day moving average price of $3.93 and a 200 day moving average price of $4.10. Diana Shipping inc. has a 52-week low of $2.21 and a 52-week high of $6.20. The firm’s market cap is $400.30 million.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DSX. Ironwood Investment Management LLC raised its position in Diana Shipping inc. by 1.4% in the first quarter. Ironwood Investment Management LLC now owns 30,192 shares of the shipping company’s stock worth $139,000 after buying an additional 426 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Diana Shipping inc. during the first quarter worth $205,000. Horseman Capital Management Ltd acquired a new position in Diana Shipping inc. during the first quarter worth $469,000. Macquarie Group Ltd. raised its position in Diana Shipping inc. by 41.1% in the fourth quarter. Macquarie Group Ltd. now owns 174,750 shares of the shipping company’s stock worth $528,000 after buying an additional 50,900 shares in the last quarter. Finally, DnB Asset Management AS acquired a new position in Diana Shipping inc. during the second quarter worth $741,000. Institutional investors and hedge funds own 34.55% of the company’s stock.
Diana Shipping inc. Company Profile
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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