Wall Street analysts expect that Diana Shipping Inc (NYSE:DSX) will post earnings per share of $0.03 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Diana Shipping’s earnings. The highest EPS estimate is $0.06 and the lowest is $0.01. Diana Shipping posted earnings per share of $0.13 in the same quarter last year, which indicates a negative year over year growth rate of 76.9%. The company is scheduled to report its next quarterly 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 fiscal year, with EPS estimates ranging from $0.11 to $0.27. For the next financial year, analysts expect that the firm will report earnings of $0.31 per share, with EPS estimates ranging from $0.02 to $0.64. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Diana Shipping.
Diana Shipping (NYSE:DSX) last issued its quarterly earnings results on Tuesday, July 30th. The shipping company reported $0.02 earnings per share for the quarter, missing the Zacks’ 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 analysts’ expectations of $52.69 million. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently modified their holdings of DSX. Abacus Planning Group Inc. acquired a new position in Diana Shipping in the first quarter valued at approximately $37,000. Acadian Asset Management LLC lifted its holdings in Diana Shipping by 126.3% in the second quarter. Acadian Asset Management LLC now owns 23,377 shares of the shipping company’s stock valued at $77,000 after acquiring an additional 13,048 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in Diana Shipping in the first quarter valued at approximately $93,000. Bank of Montreal Can acquired a new position in Diana Shipping in the second quarter valued at approximately $181,000. Finally, D. E. Shaw & Co. Inc. lifted its holdings in 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 during the period. Hedge funds and other institutional investors own 33.52% of the company’s stock.
Shares of DSX stock traded up $0.05 during trading hours on Thursday, reaching $3.38. 1,248 shares of the company’s stock were exchanged, compared to its average volume of 267,848. Diana Shipping has a 1 year low of $2.41 and a 1 year high of $4.44. The stock has a market cap of $344.48 million, a PE ratio of 32.40 and a beta of 0.98. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 0.81. The stock’s fifty day moving average price is $3.44 and its two-hundred day moving average price is $3.12.
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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