Analysts Expect Diana Shipping Inc (DSX) to Post $0.04 EPS

Analysts expect Diana Shipping Inc (NYSE:DSX) to announce earnings of $0.04 per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Diana Shipping’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.02. Diana Shipping posted earnings of ($0.20) per share during the same quarter last year, which would suggest a positive year over year growth rate of 120%. The business is expected to issue its next quarterly earnings results on Tuesday, November 20th.

On average, analysts expect that Diana Shipping will report full-year earnings of $0.06 per share for the current year, with EPS estimates ranging from ($0.07) to $0.13. For the next fiscal year, analysts expect that the firm will report earnings of $0.48 per share, with EPS estimates ranging from $0.16 to $0.70. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Diana Shipping.

Diana Shipping (NYSE:DSX) last posted its earnings results on Thursday, May 10th. The shipping company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.08. The company had revenue of $48.40 million for the quarter, compared to analysts’ expectations of $46.01 million. Diana Shipping had a negative return on equity of 4.71% and a negative net margin of 237.60%. The firm’s quarterly revenue was up 54.6% compared to the same quarter last year. During the same period last year, the business posted ($0.34) earnings per share.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Diana Shipping from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a research note on Monday, June 25th. ValuEngine upgraded Diana Shipping from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 2nd. Pareto Securities upgraded Diana Shipping from a “hold” rating to a “buy” rating in a research note on Friday, May 11th. Finally, Morgan Stanley raised their target price on Diana Shipping from $4.00 to $4.50 and gave the company a “$4.41” rating in a research note on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $4.96.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Deutsche Bank AG raised its stake in shares of Diana Shipping by 1,238.7% during the fourth quarter. Deutsche Bank AG now owns 228,925 shares of the shipping company’s stock valued at $931,000 after purchasing an additional 211,825 shares in the last quarter. UBS Group AG raised its stake in shares of Diana Shipping by 329.5% during the first quarter. UBS Group AG now owns 309,874 shares of the shipping company’s stock valued at $1,134,000 after purchasing an additional 237,727 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of Diana Shipping by 128.8% during the fourth quarter. Two Sigma Advisers LP now owns 55,062 shares of the shipping company’s stock valued at $224,000 after purchasing an additional 31,000 shares in the last quarter. Millennium Management LLC raised its stake in shares of Diana Shipping by 70.4% during the fourth quarter. Millennium Management LLC now owns 859,183 shares of the shipping company’s stock valued at $3,497,000 after purchasing an additional 354,970 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Diana Shipping by 44.5% during the fourth quarter. Renaissance Technologies LLC now owns 1,258,800 shares of the shipping company’s stock valued at $5,123,000 after purchasing an additional 387,500 shares in the last quarter. Institutional investors and hedge funds own 38.56% of the company’s stock.

DSX stock traded up $0.05 during mid-day trading on Friday, reaching $4.20. The company had a trading volume of 222,931 shares, compared to its average volume of 262,875. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.65 and a current ratio of 1.73. The stock has a market capitalization of $440.44 million, a price-to-earnings ratio of -5.32, a PEG ratio of 13.02 and a beta of 1.24. Diana Shipping has a one year low of $3.07 and a one year high of $5.16.

About Diana Shipping

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including iron ore, coal, and grains, as well as steel products, cement, and fertilizers through its ownership of dry bulk vessels worldwide. As of December 31, 2017, it operated a fleet of 50 dry bulk carriers, including 22 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.

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