Zacks: Analysts Expect Diana Shipping inc. (DSX) Will Announce Quarterly Sales of $40.96 Million
Wall Street analysts expect Diana Shipping inc. (NYSE:DSX) to report $40.96 million in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Diana Shipping inc.’s earnings. The lowest sales estimate is $38.96 million and the highest is $43.45 million. Diana Shipping inc. reported sales of $27.12 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 51%. The firm is scheduled to issue its next quarterly earnings results on Thursday, November 16th.
According to Zacks, analysts expect that Diana Shipping inc. will report full year sales of $40.96 million for the current financial year, with estimates ranging from $145.20 million to $152.00 million. For the next year, analysts anticipate that the business will post sales of $210.71 million per share, with estimates ranging from $179.10 million to $256.58 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Diana Shipping inc..
Diana Shipping inc. (NYSE:DSX) last announced its quarterly earnings results on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.01). The company had revenue of $37.75 million during the quarter, compared to the consensus estimate of $36.21 million. Diana Shipping inc. had a negative return on equity of 14.80% and a negative net margin of 122.29%. The company’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same period last year, the business posted ($0.41) EPS.
Several research analysts recently issued reports on the stock. BidaskClub raised shares of Diana Shipping inc. from a “hold” rating to a “buy” rating in a research report on Friday, July 14th. Zacks Investment Research raised Diana Shipping inc. from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a report on Tuesday, July 11th. Pareto Securities raised Diana Shipping inc. from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $5.25 price objective on shares of Diana Shipping inc. in a research note on Wednesday, July 19th. Finally, ValuEngine upgraded Diana Shipping inc. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $4.33.
Diana Shipping inc. (NYSE:DSX) traded up 7.787% on Tuesday, reaching $3.945. The company had a trading volume of 580,467 shares. The company has a 50-day moving average of $3.96 and a 200 day moving average of $4.10. The stock’s market cap is $381.45 million. Diana Shipping inc. has a one year low of $2.36 and a one year high of $6.20.
A number of institutional investors have recently modified their holdings of DSX. Hosking Partners LLP increased its holdings in shares of Diana Shipping inc. by 58.0% during the second quarter. Hosking Partners LLP now owns 3,559,973 shares of the shipping company’s stock worth $14,453,000 after buying an additional 1,306,125 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Diana Shipping inc. by 16.6% in the second quarter. Stifel Financial Corp now owns 3,348,238 shares of the shipping company’s stock valued at $13,569,000 after acquiring an additional 476,967 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Diana Shipping inc. by 1.9% in the first quarter. Parametric Portfolio Associates LLC now owns 1,709,979 shares of the shipping company’s stock valued at $7,900,000 after acquiring an additional 32,397 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Diana Shipping inc. by 16.9% in the second quarter. Russell Investments Group Ltd. now owns 1,506,824 shares of the shipping company’s stock valued at $6,117,000 after acquiring an additional 218,059 shares during the last quarter. Finally, Royce & Associates LP raised its stake in shares of Diana Shipping inc. by 34.1% in the second quarter. Royce & Associates LP now owns 1,174,333 shares of the shipping company’s stock valued at $4,768,000 after acquiring an additional 298,400 shares during the last quarter. 37.31% of the stock is currently owned by hedge funds and other institutional investors.
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About Diana Shipping inc.
Diana Shipping Inc is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. As of February 16, 2017, the Company’s operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt).
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