Wall Street brokerages expect Diana Shipping Inc. to announce sales of $38.65 million for the current quarter, reports Marketbeat.
Negative year growth
Two analysts have made estimates for Diana Shipping’s earnings. The highest sales estimate is $38.77 million and the lowest is $38.54 million.
Diana Shipping reported sales of $39.98 million during the same quarter last year, which would suggest a negative year over year growth rate of 3.3%. The business is scheduled to announce its next quarterly earnings results on Thursday, May 13th.
On average, analysts expect that Diana Shipping will report full year sales of $170.08 million for the current fiscal year, with estimates ranging from $169.08 million to $171.08 million. For the next financial year, analysts expect that the firm will post sales of $197.93 million, with estimates ranging from $186.48 million to $209.39 million.
Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Diana Shipping.
Negative net margin
Diana Shipping last issued its quarterly earnings data on Sunday, February 21st. The shipping company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.01). Diana Shipping had a negative net margin of 78.81% and a negative return on equity of 5.63%.
A number of equities research analysts have weighed in on DSX shares.
- Stifel Nicolaus upgraded Diana Shipping from a “hold” rating to a “buy” rating and boosted their price objective for the company from $2.25 to $3.50 in a research note on Monday, February 1st.
- Pareto Securities reiterated a “sell” rating and issued a $2.30 price objective on shares of Diana Shipping in a research note on Monday, March 1st.
- Jefferies Financial Group boosted their price objective on Diana Shipping from $2.50 to $3.00 and gave the company a “hold” rating in a research note on Monday, March 1st.
- BTIG Research initiated coverage on Diana Shipping in a research note on Monday, February 8th. They issued a “buy” rating and a $5.00 price objective for the company.
- Zacks Investment Research lowered Diana Shipping from a “hold” rating to a “sell” rating in a report on Thursday, February 25th.
Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $3.38.
Current take scenario
Large investors have recently added to or reduced their stakes in the company.
Sei Investments Co.
Sei Investments Co. increased its holdings in shares of Diana Shipping by 27.4% in the third quarter. Sei Investments Co. now owns 430,026 shares of the shipping company’s stock valued at $606,000 after purchasing an additional 92,416 shares during the period.
GSA Capital Partners LLP
GSA Capital Partners LLP acquired a new position in shares of Diana Shipping in the third quarter valued at approximately $44,000. State Street Corp acquired a new position in shares of Diana Shipping in the third quarter valued at approximately $39,000.
Kopernik Global Investors LLC
Kopernik Global Investors LLC grew its holdings in Diana Shipping by 5.8% during the fourth quarter. Kopernik Global Investors LLC now owns 6,331,923 shares of the shipping company’s stock worth $12,221,000 after acquiring an additional 346,164 shares during the period.
Morgan Stanley
Finally, Morgan Stanley grew its holdings in Diana Shipping by 12.8% during the third quarter. Morgan Stanley now owns 732,776 shares of the shipping company’s stock worth $1,033,000 after acquiring an additional 83,252 shares during the period. 24.65% of the stock is currently owned by institutional investors and hedge funds.
12-month low
Shares of NYSE DSX opened at $2.83 on Monday. Diana Shipping has a twelve month low of $1.25 and a twelve month high of $3.78.
- The stock has a 50 day moving average of $2.75 and a two-hundred day moving average of $1.90.
- The stock has a market cap of $258.08 million, a P/E ratio of -1.67 and a beta of 1.41.
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Source: Marketbeat
