Seanergy Maritime (SHIP) to Release Earnings on Thursday

Seanergy Maritime (NASDAQ:SHIP) is scheduled to be releasing its earnings data before the market opens on Thursday, August 1st. Analysts expect Seanergy Maritime to post earnings of ($0.69) per share for the quarter.

Seanergy Maritime (NASDAQ:SHIP) last issued its quarterly earnings results on Friday, June 14th. The shipping company reported ($3.23) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($3.23). The business had revenue of $16.01 million for the quarter, compared to the consensus estimate of $19.06 million. Seanergy Maritime had a negative net margin of 30.46% and a negative return on equity of 87.57%. On average, analysts expect Seanergy Maritime to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ SHIP traded up $0.01 on Wednesday, hitting $0.60. 81,875 shares of the company were exchanged, compared to its average volume of 801,929. The firm’s 50 day simple moving average is $0.62. The company has a market cap of $14.51 million, a P/E ratio of -0.11 and a beta of 0.83. Seanergy Maritime has a 1-year low of $0.52 and a 1-year high of $16.35.

Several analysts have weighed in on SHIP shares. Zacks Investment Research cut Horiba from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Maxim Group set a $24.00 price target on BioLife Solutions and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Finally, Noble Financial reiterated a “buy” rating and issued a $1.60 price objective on shares of Seanergy Maritime in a research report on Tuesday, July 23rd.

Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of April 4, 2019, it owned a fleet of 10 Capesizes with a cargo-carrying capacity of approximately 1,748,581 deadweight tons and an average fleet age of 10 years.

Further Reading: Cost of Goods Sold (COGS)

Earnings History for Seanergy Maritime (NASDAQ:SHIP)

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