Equities research analysts predict that Diana Shipping Inc (NYSE:DSX) will announce sales of $57.12 million for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Diana Shipping’s earnings. The highest sales estimate is $63.00 million and the lowest is $52.39 million. Diana Shipping reported sales of $43.92 million in the same quarter last year, which indicates a positive year-over-year growth rate of 30.1%. The business is scheduled to issue its next quarterly earnings report before the market opens on Monday, November 26th.
According to Zacks, analysts expect that Diana Shipping will report full-year sales of $218.44 million for the current financial year, with estimates ranging from $212.82 million to $234.00 million. For the next fiscal year, analysts anticipate that the company will post sales of $259.47 million, with estimates ranging from $235.73 million to $300.00 million. Zacks’ sales averages are an average based on a survey of analysts that cover Diana Shipping.
Several brokerages recently issued reports on DSX. Zacks Investment Research lowered shares of Diana Shipping from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 25th. ValuEngine upgraded shares of Diana Shipping from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Diana Shipping presently has an average rating of “Hold” and a consensus price target of $4.75.
A number of hedge funds and other institutional investors have recently made changes to their positions in DSX. Engineers Gate Manager LP bought a new stake in Diana Shipping during the second quarter valued at approximately $213,000. DNB Asset Management AS grew its position in Diana Shipping by 37.4% during the third quarter. DNB Asset Management AS now owns 183,521 shares of the shipping company’s stock valued at $756,000 after buying an additional 50,000 shares during the period. JPMorgan Chase & Co. grew its position in Diana Shipping by 14.5% during the third quarter. JPMorgan Chase & Co. now owns 265,921 shares of the shipping company’s stock valued at $1,095,000 after buying an additional 33,661 shares during the period. UBS Group AG grew its position in 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 buying an additional 237,727 shares during the period. Finally, 683 Capital Management LLC bought a new stake in Diana Shipping during the second quarter valued at approximately $2,109,000. Institutional investors own 38.49% of the company’s stock.
Diana Shipping Company Profile
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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