Diana Shipping inc. (NYSE:DSX) Expected to Post Earnings of -$0.21 Per Share
Equities research analysts predict that Diana Shipping inc. (NYSE:DSX) will report earnings per share (EPS) of ($0.21) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Diana Shipping inc.’s earnings, with the lowest EPS estimate coming in at ($0.27) and the highest estimate coming in at ($0.15). Diana Shipping inc. posted earnings per share of ($0.99) during the same quarter last year, which suggests a positive year-over-year growth rate of 78.8%. The business is scheduled to announce its next earnings report on Thursday, November 16th.
According to Zacks, analysts expect that Diana Shipping inc. will report full year earnings of ($1.00) per share for the current fiscal year, with EPS estimates ranging from ($1.17) to ($0.91). For the next year, analysts expect that the business will report earnings of ($0.33) per share, with EPS estimates ranging from ($0.59) to $0.14. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Diana Shipping inc..
Diana Shipping inc. (NYSE:DSX) last announced its quarterly earnings results on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by $0.01. The company had revenue of $37.75 million during the quarter, compared to analysts’ expectations of $36.21 million. Diana Shipping inc. had a negative net margin of 122.29% and a negative return on equity of 14.80%. The business’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.41) EPS.
A number of equities analysts recently weighed in on DSX shares. Zacks Investment Research raised Diana Shipping inc. from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a research note on Wednesday, April 26th. J P Morgan Chase & Co raised Diana Shipping inc. from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 4th. Stifel Nicolaus reissued a “hold” rating and issued a $5.25 price target on shares of Diana Shipping inc. in a research note on Friday, May 26th. Finally, Jefferies Group LLC dropped their price target on Diana Shipping inc. from $5.00 to $4.50 and set a “hold” rating on the stock in a research note on Thursday, May 25th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $4.07.
A number of institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its position in Diana Shipping inc. by 9.3% in the fourth quarter. Renaissance Technologies LLC now owns 932,500 shares of the shipping company’s stock valued at $2,816,000 after buying an additional 79,500 shares during the period. Macquarie Group Ltd. boosted its position in Diana Shipping inc. by 41.1% in the fourth quarter. Macquarie Group Ltd. now owns 174,750 shares of the shipping company’s stock valued at $528,000 after buying an additional 50,900 shares during the period. Horseman Capital Management Ltd acquired a new position in Diana Shipping inc. during the first quarter valued at $469,000. Parametric Portfolio Associates LLC boosted its position in Diana Shipping inc. by 1.9% in the first quarter. Parametric Portfolio Associates LLC now owns 1,709,979 shares of the shipping company’s stock valued at $7,900,000 after buying an additional 32,397 shares during the period. Finally, Phoenix Investment Adviser LLC boosted its position in Diana Shipping inc. by 11.2% in the first quarter. Phoenix Investment Adviser LLC now owns 199,201 shares of the shipping company’s stock valued at $920,000 after buying an additional 20,000 shares during the period. 34.54% of the stock is currently owned by institutional investors.
Shares of Diana Shipping inc. (NYSE:DSX) traded up 1.80% during trading on Friday, hitting $3.96. 422,712 shares of the stock were exchanged. The stock’s market cap is $382.90 million. Diana Shipping inc. has a 12-month low of $2.21 and a 12-month high of $6.20. The stock has a 50-day moving average of $3.91 and a 200 day moving average of $4.11.
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About Diana Shipping inc.
Diana Shipping Inc is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. As of February 16, 2017, the Company’s operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt).
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