Performance Shipping (NASDAQ:PSHG) Announces Earnings Results, Beats Estimates By $0.04 EPS

Posted by Brian Himes on May 28th, 2026

Performance Shipping (NASDAQ:PSHG – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04, Zacks reports. Performance Shipping had a net margin of 31.85% and a return on equity of 9.69%. The business had revenue of $33.77 million during the quarter, compared to analysts’ expectations of $31.48 million.

Performance Shipping Trading Down 1.2%

PSHG opened at $1.68 on Thursday. The company has a quick ratio of 2.18, a current ratio of 2.22 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $20.88 million, a price-to-earnings ratio of 2.15 and a beta of -0.11. Performance Shipping has a twelve month low of $1.58 and a twelve month high of $2.58. The company has a 50-day simple moving average of $1.84 and a 200 day simple moving average of $2.06.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Performance Shipping from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Performance Shipping currently has a consensus rating of “Hold”.

View Our Latest Report on Performance Shipping

Institutional Inflows and Outflows

An institutional investor recently raised its position in Performance Shipping stock. Renaissance Technologies LLC increased its position in Performance Shipping Inc. (NASDAQ:PSHG – Free Report) by 39.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 189,948 shares of the company’s stock after buying an additional 53,248 shares during the quarter. Renaissance Technologies LLC owned 1.53% of Performance Shipping worth $405,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 19.90% of the company’s stock.

About Performance Shipping

(Get Free Report)

Performance Shipping Inc, incorporated in the Republic of the Marshall Islands and trading on NASDAQ under the ticker PSHG, is a publicly listed dry bulk shipping company. The company owns and operates a modern fleet of Supramax and Ultramax vessels, which are well-suited for the seaborne transportation of a wide range of dry bulk commodities. Performance Shipping’s vessels carry cargoes such as grains, coal, iron ore, steel products and fertilizer under medium‐ to long‐term time charter agreements with a diverse set of global charterers.

Since completing its initial public offering in late 2014, Performance Shipping has focused on disciplined growth through vessel acquisitions and the renewal of charter contracts to maintain steady cash flows.