Diamond S Shipping Inc (NYSE:DSSI) – Analysts at B. Riley increased their Q4 2019 EPS estimates for Diamond S Shipping in a note issued to investors on Wednesday, November 13th. B. Riley analyst L. Burke now anticipates that the company will post earnings per share of $0.85 for the quarter, up from their prior estimate of $0.33. B. Riley currently has a “Buy” rating and a $17.00 target price on the stock. B. Riley also issued estimates for Diamond S Shipping’s FY2020 earnings at $3.02 EPS.
A number of other research firms have also recently weighed in on DSSI. Zacks Investment Research cut shares of Diamond S Shipping from a “buy” rating to a “hold” rating in a research note on Monday. Jefferies Financial Group initiated coverage on shares of Diamond S Shipping in a research note on Thursday, October 10th. They set a “buy” rating and a $19.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Diamond S Shipping currently has a consensus rating of “Buy” and an average target price of $19.40.
Shares of DSSI stock opened at $14.85 on Monday. Diamond S Shipping has a 1 year low of $9.60 and a 1 year high of $16.60. The firm has a fifty day moving average price of $14.61 and a 200-day moving average price of $12.54. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.98 and a quick ratio of 0.79.
Diamond S Shipping (NYSE:DSSI) last issued its quarterly earnings data on Wednesday, November 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). The firm had revenue of $141.53 million for the quarter, compared to analysts’ expectations of $153.06 million.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its stake in shares of Diamond S Shipping by 610.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,575 shares of the company’s stock valued at $73,000 after buying an additional 5,650 shares in the last quarter. Donald Smith & CO. Inc. lifted its stake in Diamond S Shipping by 39.5% in the 3rd quarter. Donald Smith & CO. Inc. now owns 833,338 shares of the company’s stock worth $9,183,000 after purchasing an additional 235,954 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Diamond S Shipping in the 3rd quarter worth $115,000. California Public Employees Retirement System lifted its stake in Diamond S Shipping by 4.9% in the 3rd quarter. California Public Employees Retirement System now owns 30,687 shares of the company’s stock worth $338,000 after purchasing an additional 1,425 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Diamond S Shipping by 16.1% in the 3rd quarter. Rhumbline Advisers now owns 25,940 shares of the company’s stock worth $286,000 after purchasing an additional 3,603 shares in the last quarter. Institutional investors own 62.22% of the company’s stock.
Diamond S Shipping Company Profile
Diamond S Shipping Inc operates as a shipping company. The company operates through two segments, Crude Tankers and Product Tankers. It provides seaborne transportation of crude oil, refined petroleum, and other production. As of March 28, 2019, it owned and operated a fleet of 68 vessels, including 15 Suezmax vessels, 1 Aframax, and 52 medium-range product tankers.
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