B. Riley Brokers Increase Earnings Estimates for Diamond S Shipping Inc (NYSE:DSSI)

Diamond S Shipping Inc (NYSE:DSSI) – Analysts at B. Riley boosted their Q4 2019 earnings estimates for Diamond S Shipping in a research note issued on Wednesday, November 13th. B. Riley analyst L. Burke now forecasts that the company will post earnings of $0.85 per share for the quarter, up from their previous forecast of $0.33. B. Riley has a “Buy” rating and a $17.00 price objective on the stock. B. Riley also issued estimates for Diamond S Shipping’s FY2020 earnings at $3.02 EPS.

A number of other research firms have also recently commented on DSSI. Jefferies Financial Group assumed coverage on shares of Diamond S Shipping in a report on Thursday, October 10th. They issued a “buy” rating and a $19.00 target price for the company. Zacks Investment Research raised shares of Diamond S Shipping from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a report on Monday, October 21st. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $19.40.

DSSI stock opened at $15.51 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.98 and a quick ratio of 0.79. Diamond S Shipping has a 12 month low of $9.60 and a 12 month high of $16.60. The firm has a 50-day moving average price of $14.34 and a 200-day moving average price of $12.51.

Diamond S Shipping (NYSE:DSSI) last posted its earnings results on Wednesday, November 13th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). The firm had revenue of $141.53 million for the quarter, compared to analysts’ expectations of $153.06 million.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in Diamond S Shipping by 610.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,575 shares of the company’s stock valued at $73,000 after buying an additional 5,650 shares during the last quarter. Donald Smith & CO. Inc. raised its holdings in Diamond S Shipping by 39.5% in the 3rd quarter. Donald Smith & CO. Inc. now owns 833,338 shares of the company’s stock valued at $9,183,000 after buying an additional 235,954 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Diamond S Shipping in the 3rd quarter valued at approximately $115,000. California Public Employees Retirement System raised its holdings in Diamond S Shipping by 4.9% in the 3rd quarter. California Public Employees Retirement System now owns 30,687 shares of the company’s stock valued at $338,000 after buying an additional 1,425 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Diamond S Shipping by 16.1% in the 3rd quarter. Rhumbline Advisers now owns 25,940 shares of the company’s stock valued at $286,000 after buying an additional 3,603 shares during the last quarter. Institutional investors and hedge funds own 64.50% of the company’s stock.

Diamond S Shipping Company Profile

Diamond S Shipping Inc operates as a shipping company. The company operates through two segments, Crude Tankers and Product Tankers. It provides seaborne transportation of crude oil, refined petroleum, and other production. As of March 28, 2019, it owned and operated a fleet of 68 vessels, including 15 Suezmax vessels, 1 Aframax, and 52 medium-range product tankers.

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Earnings History and Estimates for Diamond S Shipping (NYSE:DSSI)

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