Diana Shipping inc. (DSX) Expected to Post Quarterly Sales of $40.96 Million
Wall Street brokerages expect Diana Shipping inc. (NYSE:DSX) to report sales of $40.96 million for the current quarter, according to Zacks. Six analysts have provided estimates for Diana Shipping inc.’s earnings, with the highest sales estimate coming in at $43.45 million and the lowest estimate coming in at $38.96 million. Diana Shipping inc. reported sales of $27.12 million in the same quarter last year, which indicates a positive year over year growth rate of 51%. The company is expected to report its next earnings results on Thursday, November 16th.
According to Zacks, analysts expect that Diana Shipping inc. will report full-year sales of $40.96 million for the current fiscal year, with estimates ranging from $145.20 million to $160.00 million. For the next year, analysts expect that the firm will post sales of $210.71 million per share, with estimates ranging from $179.10 million to $256.58 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Diana Shipping inc..
Diana Shipping inc. (NYSE:DSX) last released its quarterly earnings data on Wednesday, July 26th. The shipping company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.01). Diana Shipping inc. had a negative return on equity of 14.80% and a negative net margin of 122.29%. The company had revenue of $37.75 million during the quarter, compared to analysts’ expectations of $36.21 million. During the same quarter in the prior year, the company posted ($0.41) EPS. The company’s revenue for the quarter was up 33.3% on a year-over-year basis.
DSX has been the topic of a number of recent research reports. Zacks Investment Research lowered Diana Shipping inc. from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. Stifel Nicolaus reissued a “hold” rating and issued a $5.25 target price on shares of Diana Shipping inc. in a report on Wednesday, July 19th. J P Morgan Chase & Co upgraded Diana Shipping inc. from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 4th. BidaskClub upgraded Diana Shipping inc. from a “hold” rating to a “buy” rating in a research note on Friday, July 14th. Finally, Pareto Securities upgraded Diana Shipping inc. from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $4.33.
Several institutional investors have recently bought and sold shares of the stock. Ironwood Investment Management LLC boosted its stake in shares of Diana Shipping inc. by 1.4% in the first quarter. Ironwood Investment Management LLC now owns 30,192 shares of the shipping company’s stock valued at $139,000 after buying an additional 426 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in Diana Shipping inc. by 10.2% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock worth $198,000 after purchasing an additional 4,500 shares in the last quarter. State Street Corp boosted its position in Diana Shipping inc. by 15.4% during the second quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock worth $324,000 after purchasing an additional 10,694 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Diana Shipping inc. by 1.9% during the first quarter. Parametric Portfolio Associates LLC now owns 1,709,979 shares of the shipping company’s stock worth $7,900,000 after purchasing an additional 32,397 shares in the last quarter. Finally, Virtu KCG Holdings LLC purchased a new stake in Diana Shipping inc. during the second quarter worth $180,000. Hedge funds and other institutional investors own 37.33% of the company’s stock.
Diana Shipping inc. (NYSE:DSX) traded up 1.51% during midday trading on Thursday, reaching $4.04. The company’s stock had a trading volume of 430,414 shares. The stock’s market cap is $390.63 million. Diana Shipping inc. has a 12-month low of $2.36 and a 12-month high of $6.20. The stock’s 50 day moving average is $3.99 and its 200 day moving average is $4.11.
Diana Shipping inc. Company Profile
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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