Diana Shipping inc. (DSX) to Release Quarterly Earnings on Tuesday
Diana Shipping inc. (NYSE:DSX) will issue its quarterly earnings data before the market opens on Tuesday, November 29th.
Diana Shipping inc. (NYSE:DSX) last posted its earnings results on Thursday, November 17th. The company reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.58. The company had revenue of $27.10 million for the quarter, compared to analysts’ expectations of $28.01 million. Diana Shipping inc. had a negative return on equity of 14.09% and a negative net margin of 131.28%. The firm’s quarterly revenue was down 30.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.24) EPS. On average, analysts expect Diana Shipping inc. to post $-2.23 EPS for the current fiscal year and $-1.43 EPS for the next fiscal year.
Shares of Diana Shipping inc. (NYSE:DSX) opened at 3.32 on Friday. The stock’s market cap is $267.37 million. Diana Shipping inc. has a 12-month low of $1.95 and a 12-month high of $4.97. The firm’s 50-day moving average price is $2.85 and its 200-day moving average price is $2.64.
A number of research analysts have weighed in on DSX shares. Clarkson Capital reissued a “neutral” rating on shares of Diana Shipping inc. in a research note on Friday, September 23rd. Zacks Investment Research lowered shares of Diana Shipping inc. from a “buy” rating to a “hold” rating in a research report on Tuesday, November 22nd. Jefferies Group reaffirmed a “hold” rating on shares of Diana Shipping inc. in a research report on Monday, August 29th. Deutsche Bank AG raised shares of Diana Shipping inc. from a “sell” rating to a “hold” rating and lifted their price target for the company from $1.50 to $2.50 in a research report on Friday, August 26th. Finally, Seaport Global Securities started coverage on shares of Diana Shipping inc. in a research report on Tuesday, August 2nd. They set a “neutral” rating and a $3.00 price target on the stock. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Diana Shipping inc. has an average rating of “Hold” and an average price target of $2.85.
A number of hedge funds have recently bought and sold shares of DSX. KCG Holdings Inc. bought a new stake in Diana Shipping inc. during the third quarter valued at $103,000. Ingalls & Snyder LLC bought a new stake in Diana Shipping inc. during the second quarter valued at $143,000. Credit Suisse AG increased 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 period. California Public Employees Retirement System increased 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 period. Finally, State Street Corp increased 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 period. Hedge funds and other institutional investors own 45.10% of the company’s stock.
WARNING: This piece was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/27/diana-shipping-inc-dsx-to-release-quarterly-earnings-on-tuesday.html.
Diana Shipping inc. Company Profile
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.
Receive News & Stock Ratings for Diana Shipping inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diana Shipping inc. and related stocks with our FREE daily email newsletter.