Diamond S Shipping Inc (NYSE:DSSI) Expected to Announce Quarterly Sales of $155.90 Million

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Wall Street brokerages forecast that Diamond S Shipping Inc (NYSE:DSSI) will report $155.90 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Diamond S Shipping’s earnings, with the lowest sales estimate coming in at $152.11 million and the highest estimate coming in at $159.68 million. The business is expected to issue its next earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that Diamond S Shipping will report full year sales of $589.95 million for the current fiscal year, with estimates ranging from $575.83 million to $604.06 million. For the next year, analysts forecast that the firm will post sales of $708.72 million, with estimates ranging from $698.20 million to $719.23 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Diamond S Shipping.

Diamond S Shipping (NYSE:DSSI) last announced its earnings results on Wednesday, August 7th. The company reported ($0.21) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.47) by $0.26. The company had revenue of $149.30 million during the quarter, compared to the consensus estimate of $117.82 million.

A number of equities analysts have weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Diamond S Shipping in a research note on Tuesday, June 4th. They issued a “buy” rating and a $18.00 target price for the company. B. Riley set a $17.00 target price on shares of Diamond S Shipping and gave the stock a “buy” rating in a research note on Wednesday, August 7th.

Several hedge funds and other institutional investors have recently made changes to their positions in DSSI. Strs Ohio acquired a new stake in shares of Diamond S Shipping during the 2nd quarter worth approximately $75,000. Morgan Stanley acquired a new stake in shares of Diamond S Shipping during the 2nd quarter worth approximately $105,000. Eagle Boston Investment Management Inc. acquired a new stake in shares of Diamond S Shipping during the 2nd quarter worth approximately $144,000. Royal Bank of Canada grew its position in shares of Diamond S Shipping by 18.1% during the 2nd quarter. Royal Bank of Canada now owns 14,583 shares of the company’s stock worth $186,000 after buying an additional 2,233 shares during the period. Finally, Northern Trust Corp acquired a new stake in shares of Diamond S Shipping during the 2nd quarter worth approximately $248,000. 58.50% of the stock is owned by institutional investors.

Shares of NYSE DSSI opened at $11.96 on Thursday. Diamond S Shipping has a 1-year low of $9.60 and a 1-year high of $14.26. The company has a quick ratio of 0.79, a current ratio of 0.99 and a debt-to-equity ratio of 0.67. The business has a 50-day moving average of $10.99.

About Diamond S Shipping

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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