Diana Shipping inc. (DSX) Posts Earnings Results, Misses Estimates By $0.58 EPS
Diana Shipping inc. (NYSE:DSX) released its earnings results on Thursday. The company reported ($0.99) EPS for the quarter, missing the consensus estimate of ($0.41) by $0.58. Diana Shipping inc. had a negative return on equity of 8.54% and a negative net margin of 75.27%. The business had revenue of $27.10 million for the quarter, compared to analyst estimates of $27.98 million.
Diana Shipping inc. (NYSE:DSX) traded down 15.0175% during mid-day trading on Thursday, hitting $3.3993. The company had a trading volume of 3,489,606 shares. The firm’s market capitalization is $273.76 million. The company has a 50 day moving average of $2.74 and a 200 day moving average of $2.63. Diana Shipping inc. has a 1-year low of $1.95 and a 1-year high of $5.10.
DSX has been the topic of a number of recent research reports. Zacks Investment Research upgraded Diana Shipping inc. from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research note on Wednesday, October 26th. Jefferies Group set a $3.00 price target on Diana Shipping inc. and gave the company a “hold” rating in a research report on Wednesday, July 27th. Deutsche Bank AG reiterated a “hold” rating on shares of Diana Shipping inc. in a research report on Wednesday, September 28th. Seaport Global Securities started coverage on Diana Shipping inc. in a research report on Tuesday, August 2nd. They issued a “neutral” rating and a $3.00 price target for the company. Finally, Clarkson Capital reiterated a “neutral” rating on shares of Diana Shipping inc. in a research report on Friday, September 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Diana Shipping inc. has a consensus rating of “Hold” and a consensus price target of $3.29.
Institutional investors have recently added to or reduced their stakes in the company. KCG Holdings Inc. acquired a new stake in Diana Shipping inc. during the third quarter valued at approximately $103,000. Ingalls & Snyder LLC acquired a new stake in Diana Shipping inc. during the second quarter valued at approximately $143,000. Credit Suisse AG raised its stake in Diana Shipping inc. by 33.0% in the third quarter. Credit Suisse AG now owns 70,931 shares of the company’s stock valued at $185,000 after buying an additional 17,611 shares during the last quarter. California Public Employees Retirement System raised its stake in Diana Shipping inc. by 97.5% in the second quarter. California Public Employees Retirement System now owns 93,200 shares of the company’s stock valued at $226,000 after buying an additional 46,000 shares during the last quarter. Finally, State Street Corp raised its stake in Diana Shipping inc. by 2.2% in the second quarter. State Street Corp now owns 113,366 shares of the company’s stock valued at $275,000 after buying an additional 2,490 shares during the last quarter. 45.33% of the stock is currently owned by institutional investors and hedge funds.
About Diana Shipping inc.
Diana Shipping Inc is a holding company. The Company is engaged in providing shipping transportation services. The Company is also engaged in the ocean transportation of dry bulk cargoes across the world through the ownership of dry bulk carrier vessels. Its fleet consists of over 45 dry bulk vessels, of which 22 are Panamax, four are Kamsarmax, three are Post-Panamax, 14 are Capesize and two are Newcastlemax vessels, having a combined carrying capacity of over 5.2 million dead weight tons.
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