Brokerages Expect Diana Shipping Inc (DSX) Will Post Earnings of $0.03 Per Share

Equities research analysts expect Diana Shipping Inc (NYSE:DSX) to report $0.03 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Diana Shipping’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.05. The firm is scheduled to report its next earnings report on Thursday, July 25th.

On average, analysts expect that Diana Shipping will report full-year earnings of $0.14 per share for the current financial year, with EPS estimates ranging from $0.05 to $0.29. For the next year, analysts expect that the business will report earnings of $0.25 per share, with EPS estimates ranging from ($0.14) to $0.85. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Diana Shipping.

Diana Shipping (NYSE:DSX) last posted its quarterly earnings data on Thursday, May 9th. The shipping company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $60.30 million during the quarter, compared to analysts’ expectations of $56.70 million. Diana Shipping had a return on equity of 4.36% and a net margin of 9.57%. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) EPS.

Several research firms have commented on DSX. ValuEngine cut Diana Shipping from a “sell” rating to a “strong sell” rating in a report on Friday, May 10th. Zacks Investment Research cut Diana Shipping from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 30th. Pareto Securities cut Diana Shipping from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. Finally, Morgan Stanley set a $4.00 price target on Diana Shipping and gave the company a “hold” rating in a report on Friday, February 15th.

DSX remained flat at $$3.30 during midday trading on Thursday. The company’s stock had a trading volume of 133,366 shares, compared to its average volume of 189,650. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.13 and a quick ratio of 1.09. Diana Shipping has a 52 week low of $2.41 and a 52 week high of $5.16.

Institutional investors and hedge funds have recently bought and sold shares of the business. Morgan Stanley grew its holdings in Diana Shipping by 22.5% in the 3rd quarter. Morgan Stanley now owns 550,310 shares of the shipping company’s stock valued at $2,267,000 after buying an additional 101,193 shares during the period. Virtu Financial LLC lifted its stake in shares of Diana Shipping by 28.2% in the 4th 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. Renaissance Technologies LLC lifted its stake in shares of Diana Shipping by 14.1% in the 3rd 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. Wiley BROS. Aintree Capital LLC acquired a new position in shares of Diana Shipping in the 4th quarter valued at about $32,000. Finally, Hosking Partners LLP lifted its stake in shares of Diana Shipping by 12.0% in the 4th quarter. Hosking Partners LLP now owns 5,307,060 shares of the shipping company’s stock valued at $16,876,000 after purchasing an additional 568,351 shares in the last quarter. Institutional investors own 34.42% of the company’s stock.

Diana Shipping Company Profile

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes through its ownership of dry bulk vessels worldwide. As of December 31, 2018, it operated a fleet of 48 dry bulk carriers comprising 20 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.

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Earnings History and Estimates for Diana Shipping (NYSE:DSX)

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