Analysts expect that Diana Shipping Inc (NYSE:DSX) will report earnings of $0.03 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Diana Shipping’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.06. Diana Shipping posted earnings of $0.13 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 76.9%. The company is expected to issue its next earnings report on Monday, November 25th.
On average, analysts expect that Diana Shipping will report full-year earnings of $0.16 per share for the current year, with EPS estimates ranging from $0.11 to $0.27. For the next fiscal year, analysts anticipate that the business will post earnings of $0.31 per share, with EPS estimates ranging from $0.02 to $0.64. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Diana Shipping.
Diana Shipping (NYSE:DSX) last released its earnings results on Tuesday, July 30th. The shipping company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Diana Shipping had a return on equity of 4.64% and a net margin of 8.22%. The business had revenue of $55.40 million for the quarter, compared to the consensus estimate of $52.69 million. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year.
Several analysts have recently weighed in on the company. ValuEngine upgraded Diana Shipping from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded Diana Shipping from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd.
Shares of NYSE:DSX traded up $0.05 on Thursday, hitting $3.38. 1,248 shares of the company’s stock were exchanged, compared to its average volume of 267,848. Diana Shipping has a 12 month low of $2.41 and a 12 month high of $4.44. The stock has a market capitalization of $344.48 million, a price-to-earnings ratio of 32.40 and a beta of 0.98. The business’s 50 day simple moving average is $3.44 and its two-hundred day simple moving average is $3.12. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.13 and a quick ratio of 1.09.
Several hedge funds have recently added to or reduced their stakes in DSX. Lesa Sroufe & Co bought a new stake in shares of Diana Shipping in the first quarter valued at about $1,649,000. Morgan Stanley raised its holdings in shares of Diana Shipping by 36.1% in the second quarter. Morgan Stanley now owns 821,928 shares of the shipping company’s stock valued at $2,720,000 after acquiring an additional 218,203 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Diana Shipping by 19.1% in the second quarter. Renaissance Technologies LLC now owns 1,259,265 shares of the shipping company’s stock valued at $4,168,000 after acquiring an additional 201,765 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Diana Shipping by 152.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 101,400 shares of the shipping company’s stock valued at $336,000 after acquiring an additional 61,275 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Diana Shipping in the second quarter valued at about $181,000. Hedge funds and other institutional investors own 33.52% of the company’s stock.
About Diana Shipping
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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