Wall Street brokerages expect Diana Containerships Inc. (NASDAQ:DCIX) to announce earnings of ($0.84) per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Diana Containerships’ earnings. Diana Containerships reported earnings per share of ($0.88) during the same quarter last year, which indicates a positive year over year growth rate of 4.5%. The company is expected to announce its next earnings results on Wednesday, July 26th.

According to Zacks, analysts expect that Diana Containerships will report full year earnings of ($3.23) per share for the current fiscal year. For the next year, analysts anticipate that the business will report earnings of ($1.53) per share. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Diana Containerships.

Diana Containerships (NASDAQ:DCIX) last released its quarterly earnings results on Monday, May 22nd. The shipping company reported ($5.60) EPS for the quarter, topping analysts’ consensus estimates of ($5.95) by $0.35. Diana Containerships had a negative net margin of 597.71% and a negative return on equity of 23.32%. The business had revenue of $3.80 million for the quarter, compared to analyst estimates of $6.60 million. During the same period last year, the firm earned ($0.56) earnings per share. Diana Containerships’s revenue for the quarter was down 67.8% compared to the same quarter last year.

Separately, Zacks Investment Research cut shares of Diana Containerships from a “buy” rating to a “hold” rating in a report on Monday, April 17th.

A hedge fund recently raised its stake in Diana Containerships stock. Renaissance Technologies LLC boosted its stake in Diana Containerships Inc. (NASDAQ:DCIX) by 94.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 231,485 shares of the shipping company’s stock after buying an additional 112,400 shares during the period. Renaissance Technologies LLC owned 2.53% of Diana Containerships worth $644,000 as of its most recent SEC filing. Institutional investors own 4.26% of the company’s stock.

Diana Containerships (NASDAQ:DCIX) traded down 33.2296% during trading on Friday, reaching $1.3087. 893,116 shares of the company were exchanged. The firm’s 50 day moving average price is $0.40 and its 200-day moving average price is $1.67. The stock’s market capitalization is $12.07 million. Diana Containerships has a one year low of $0.32 and a one year high of $26.17.

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About Diana Containerships

Diana Containerships Inc is a holding company. The Company, through its subsidiaries, is engaged in the ownership of containerships. As of December 31, 2016, the Company’s fleet consisted of six panamax and six post-panamax containerships with a combined carrying capacity of 61,517 twenty-foot equivalent unit (TEU).

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