Wall Street analysts expect that Diana Shipping Inc (NYSE:DSX) will announce sales of $53.42 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Diana Shipping’s earnings. The lowest sales estimate is $50.03 million and the highest is $55.93 million. Diana Shipping posted sales of $59.69 million in the same quarter last year, which suggests a negative year-over-year growth rate of 10.5%. The business is scheduled to issue its next earnings report on Monday, November 25th.
On average, analysts expect that Diana Shipping will report full-year sales of $218.71 million for the current fiscal year, with estimates ranging from $210.14 million to $224.60 million. For the next financial year, analysts anticipate that the company will post sales of $230.22 million, with estimates ranging from $194.96 million to $253.23 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Diana Shipping.
Diana Shipping (NYSE:DSX) last announced its earnings results on Tuesday, July 30th. The shipping company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). The company had revenue of $55.40 million during the quarter, compared to analyst estimates of $52.69 million. Diana Shipping had a return on equity of 4.36% and a net margin of 9.68%. The firm’s revenue was up 3.7% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lesa Sroufe & Co boosted its stake in shares of Diana Shipping by 32.3% during the 2nd quarter. Lesa Sroufe & Co now owns 773,625 shares of the shipping company’s stock worth $2,561,000 after buying an additional 188,956 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Diana Shipping by 8.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 89,988 shares of the shipping company’s stock worth $286,000 after buying an additional 7,174 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Diana Shipping during the 1st quarter worth about $93,000. Wiley BROS. Aintree Capital LLC boosted its stake in shares of Diana Shipping by 100.0% during the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 20,000 shares of the shipping company’s stock worth $56,000 after buying an additional 10,000 shares during the last quarter. Finally, Abacus Planning Group Inc. acquired a new position in shares of Diana Shipping during the 1st quarter worth about $37,000. 33.97% of the stock is owned by hedge funds and other institutional investors.
NYSE DSX traded down $0.18 on Friday, reaching $3.31. The company had a trading volume of 337,400 shares, compared to its average volume of 236,736. The firm has a market cap of $379.78 million, a price-to-earnings ratio of 33.10 and a beta of 1.00. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 0.82. Diana Shipping has a 1-year low of $2.41 and a 1-year high of $4.51. The stock’s fifty day moving average price is $3.46.
About Diana Shipping
Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes through its ownership of dry bulk vessels worldwide. As of December 31, 2018, it operated a fleet of 48 dry bulk carriers comprising 20 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.
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