Diana Containerships Inc. (DCIX) Posts Earnings Results, Misses Estimates By $13.02 EPS
Diana Containerships Inc. (NASDAQ:DCIX) released its earnings results on Thursday. The company reported ($13.84) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.82) by $13.02. The business had revenue of $8 million for the quarter, compared to analyst estimates of $8.10 million. Diana Containerships had a negative return on equity of 7.10% and a negative net margin of 62.48%. Diana Containerships’s quarterly revenue was down 50.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.12) earnings per share.
Diana Containerships (NASDAQ:DCIX) traded down 58.24% during midday trading on Thursday, reaching $5.37. 10,424,053 shares of the company’s stock were exchanged. Diana Containerships has a 52 week low of $2.00 and a 52 week high of $26.17. The firm’s market capitalization is $50.27 billion. The stock’s 50 day moving average is $3.15 and its 200 day moving average is $3.99.
DCIX has been the topic of a number of research reports. BB&T Corp. lowered shares of Diana Containerships from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Zacks Investment Research lowered shares of Diana Containerships from a “hold” rating to a “sell” rating in a report on Friday, July 29th. Finally, Jefferies Group reiterated a “buy” rating on shares of Diana Containerships in a report on Monday, August 1st.
An institutional investor recently raised its position in Diana Containerships stock. Barclays PLC increased its stake in shares of Diana Containerships Inc. (NASDAQ:DCIX) by 299,441.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 158,757 shares of the company’s stock after buying an additional 158,704 shares during the period. Barclays PLC owned approximately 1.73% of Diana Containerships worth $562,000 at the end of the most recent reporting period. 29.40% of the stock is owned by hedge funds and other institutional investors.
Diana Containerships Company Profile
Diana Containerships Inc is engaged in the business of ownership of containerships. The Company is engaged in the seaborne transportation industry through the ownership of containerships and operates its fleet through Unitized Ocean Transport Limited (UOT), a subsidiary of the Company. UOT provides the Company and its vessels with management and administrative services.
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