Diamond S Shipping Inc (NYSE:DSSI) Expected to Announce Earnings of $1.31 Per Share

Analysts expect that Diamond S Shipping Inc (NYSE:DSSI) will report $1.31 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Diamond S Shipping’s earnings, with the lowest EPS estimate coming in at $1.18 and the highest estimate coming in at $1.54. Diamond S Shipping reported earnings of ($0.21) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 723.8%. The firm is expected to announce its next quarterly earnings results on Wednesday, August 5th.

According to Zacks, analysts expect that Diamond S Shipping will report full year earnings of $3.47 per share for the current fiscal year, with EPS estimates ranging from $3.25 to $3.69. For the next financial year, analysts forecast that the business will report earnings of $2.96 per share, with EPS estimates ranging from $1.98 to $4.03. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Diamond S Shipping.

Diamond S Shipping (NYSE:DSSI) last issued its quarterly earnings results on Friday, May 8th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.78 by $0.34. The company had revenue of $209.73 million during the quarter, compared to analyst estimates of $182.53 million. Diamond S Shipping had a net margin of 5.35% and a return on equity of 4.89%.

A number of research firms have recently issued reports on DSSI. Zacks Investment Research lowered shares of Diamond S Shipping from a “buy” rating to a “hold” rating in a report on Monday, July 13th. ValuEngine lowered shares of Diamond S Shipping from a “sell” rating to a “strong sell” rating in a report on Friday, May 1st. Finally, B. Riley dropped their target price on shares of Diamond S Shipping from $25.00 to $21.00 in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $17.84.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Hong Kong Ltd grew its holdings in shares of Diamond S Shipping by 156.2% in the fourth quarter. Point72 Hong Kong Ltd now owns 1,760 shares of the company’s stock valued at $29,000 after purchasing an additional 1,073 shares during the period. Bank of Montreal Can grew its holdings in shares of Diamond S Shipping by 50.4% in the fourth quarter. Bank of Montreal Can now owns 2,935 shares of the company’s stock valued at $49,000 after purchasing an additional 983 shares during the period. Advisor Group Holdings Inc. purchased a new stake in shares of Diamond S Shipping in the first quarter valued at about $38,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Diamond S Shipping in the first quarter valued at about $47,000. Finally, Citigroup Inc. grew its holdings in shares of Diamond S Shipping by 729.6% in the fourth quarter. Citigroup Inc. now owns 4,629 shares of the company’s stock valued at $77,000 after purchasing an additional 4,071 shares during the period. 66.15% of the stock is owned by hedge funds and other institutional investors.

NYSE DSSI traded down $0.02 on Friday, hitting $8.78. The company had a trading volume of 194,185 shares, compared to its average volume of 281,697. The company has a market capitalization of $355.15 million, a PE ratio of 9.65 and a beta of 0.26. The company’s fifty day moving average price is $8.45 and its 200-day moving average price is $10.46. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.37 and a quick ratio of 1.18. Diamond S Shipping has a 12-month low of $7.63 and a 12-month high of $17.50.

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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