Equities analysts predict that Diana Shipping Inc (NYSE:DSX) will report $0.03 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Diana Shipping’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.05. The firm is scheduled to report its next earnings report on Thursday, July 25th.

On average, analysts expect that Diana Shipping will report full year earnings of $0.14 per share for the current financial year, with EPS estimates ranging from $0.05 to $0.27. For the next financial year, analysts forecast that the company will post earnings of $0.29 per share, with EPS estimates ranging from $0.05 to $0.64. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Diana Shipping.

Diana Shipping (NYSE:DSX) last issued its quarterly earnings results on Thursday, May 9th. The shipping company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Diana Shipping had a net margin of 9.57% and a return on equity of 4.36%. The company had revenue of $60.30 million during the quarter, compared to the consensus estimate of $56.70 million. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. The firm’s quarterly revenue was up 24.6% on a year-over-year basis.

A number of brokerages recently issued reports on DSX. ValuEngine downgraded shares of Diana Shipping from a “sell” rating to a “strong sell” rating in a research note on Friday, May 10th. Zacks Investment Research downgraded shares of Diana Shipping from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 30th. Pareto Securities downgraded shares of Diana Shipping from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Finally, 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.

Diana Shipping stock traded up $0.21 during trading on Friday, reaching $3.17. The stock had a trading volume of 306,603 shares, compared to its average volume of 118,636. Diana Shipping has a 52-week low of $2.41 and a 52-week high of $5.16. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 0.82.

Large investors have recently modified their holdings of the company. Acadian Asset Management LLC acquired a new position in shares of Diana Shipping in the 1st quarter valued at $30,000. Wiley BROS. Aintree Capital LLC acquired a new position in shares of Diana Shipping in the 4th quarter valued at $32,000. Abacus Planning Group Inc. acquired a new position in shares of Diana Shipping in the 1st quarter valued at $37,000. HHM Wealth Advisors LLC acquired a new position in shares of Diana Shipping in the 4th quarter valued at $41,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Diana Shipping in the 1st quarter valued at $93,000. Institutional investors and hedge funds own 34.42% of the company’s stock.

Diana Shipping Company Profile

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes through its ownership of dry bulk vessels worldwide. As of December 31, 2018, it operated a fleet of 48 dry bulk carriers comprising 20 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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