Equities analysts expect Diana Shipping Inc (NYSE:DSX) to announce sales of $55.79 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Diana Shipping’s earnings. The highest sales estimate is $56.90 million and the lowest is $54.47 million. Diana Shipping posted sales of $48.37 million during the same quarter last year, which would indicate a positive year over year growth rate of 15.3%. The company is scheduled to report its next quarterly earnings results on Thursday, May 9th.

According to Zacks, analysts expect that Diana Shipping will report full year sales of $226.96 million for the current fiscal year, with estimates ranging from $212.32 million to $259.83 million. For the next year, analysts anticipate that the business will report sales of $252.20 million, with estimates ranging from $180.31 million to $311.27 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Diana Shipping.

Diana Shipping (NYSE:DSX) last issued its quarterly earnings data on Tuesday, February 26th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). Diana Shipping had a net margin of 7.39% and a return on equity of 2.64%. The business had revenue of $62.87 million for the quarter, compared to analyst estimates of $60.44 million. During the same quarter in the prior year, the business earned ($4.28) earnings per share. The firm’s quarterly revenue was up 28.5% compared to the same quarter last year.

Several brokerages have commented on DSX. Zacks Investment Research raised shares of Diana Shipping from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research report on Tuesday, January 1st. Morgan Stanley set a $4.00 price objective on shares of Diana Shipping and gave the stock a “hold” rating in a research report on Friday, February 15th. Finally, Pareto Securities lowered shares of Diana Shipping from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC raised its position in shares of Diana Shipping by 28.2% in the fourth quarter. Virtu Financial LLC now owns 20,790 shares of the shipping company’s stock valued at $66,000 after purchasing an additional 4,569 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Diana Shipping by 8.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 89,988 shares of the shipping company’s stock valued at $286,000 after purchasing an additional 7,174 shares during the period. Barclays PLC raised its position in shares of Diana Shipping by 0.9% in the fourth quarter. Barclays PLC now owns 1,097,700 shares of the shipping company’s stock valued at $3,491,000 after purchasing an additional 9,641 shares during the period. Wiley BROS. Aintree Capital LLC bought a new stake in shares of Diana Shipping in the fourth quarter valued at approximately $32,000. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Diana Shipping in the fourth quarter valued at approximately $41,000. 34.96% of the stock is currently owned by institutional investors.

Diana Shipping stock traded up $0.03 during midday trading on Friday, hitting $2.70. 6,068 shares of the stock were exchanged, compared to its average volume of 293,615. Diana Shipping has a 52-week low of $2.41 and a 52-week high of $5.16. The stock has a market cap of $284.15 million, a PE ratio of 27.00 and a beta of 0.90.

About Diana Shipping

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including iron ore, coal, and grains, as well as steel products, cement, and fertilizers through its ownership of dry bulk vessels worldwide. As of December 31, 2017, it operated a fleet of 50 dry bulk carriers, including 22 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.

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Earnings History and Estimates for Diana Shipping (NYSE:DSX)

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