Diana Shipping (NYSE:DSX) Announces Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Diana Shipping (NYSE:DSX) announced its quarterly earnings results on Friday, July 31st. The shipping company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.14, Zacks reports. The company had revenue of $57.29 million for the quarter, compared to the consensus estimate of $54.60 million. Diana Shipping had a net margin of 27.88% and a return on equity of 7.55%.

Diana Shipping Trading Up 2.8%

Shares of DSX opened at $3.08 on Friday. Diana Shipping has a twelve month low of $1.57 and a twelve month high of $3.10. The company has a market cap of $382.57 million, a P/E ratio of 6.41 and a beta of 0.51. The company has a current ratio of 2.05, a quick ratio of 2.01 and a debt-to-equity ratio of 0.92. The company’s fifty day simple moving average is $2.55 and its 200-day simple moving average is $2.48.

Diana Shipping Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 21st were given a dividend of $0.01 per share. The ex-dividend date was Friday, August 21st. This represents a $0.04 dividend on an annualized basis and a yield of 1.3%. Diana Shipping’s payout ratio is 8.33%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DSX shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Diana Shipping in a research note on Monday, July 20th. Wall Street Zen upgraded shares of Diana Shipping from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

About Diana Shipping

Diana Shipping Inc (NYSE: DSX) is a global shipping company that owns and operates dry bulk vessels. Its fleet transports major commodities, including iron ore, grain, and coal, as well as other dry bulk cargoes used in international trade.

The company’s vessels primarily operate under time charter and voyage charter arrangements with customers around the world. Diana Shipping serves a broad range of international trade routes, connecting commodity producers, exporters, and importers across the major shipping regions.

Founded in 1999, Diana Shipping is headquartered in Athens, Greece, and has been listed on the New York Stock Exchange since 2005.