Diana Shipping (DSX) to Release Quarterly Earnings on Tuesday

Posted by Jim Brewer on May 22nd, 2024

Diana Shipping (NYSE:DSX – Get Free Report) will be issuing its quarterly earnings data before the market opens on Tuesday, May 28th. Analysts expect the company to announce earnings of $0.04 per share for the quarter.

Diana Shipping (NYSE:DSX – Get Free Report) last issued its earnings results on Friday, February 23rd. The shipping company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $56.69 million for the quarter, compared to analyst estimates of $61.02 million. Diana Shipping had a return on equity of 10.34% and a net margin of 19.02%. On average, analysts expect Diana Shipping to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Diana Shipping Stock Performance

NYSE DSX traded down $0.06 during trading hours on Wednesday, reaching $3.14. The stock had a trading volume of 351,510 shares, compared to its average volume of 682,767. The stock has a fifty day moving average of $2.97 and a 200 day moving average of $2.92. The stock has a market cap of $355.04 million, a P/E ratio of 7.30 and a beta of 1.17. Diana Shipping has a 52-week low of $2.81 and a 52-week high of $4.16. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.08 and a current ratio of 2.14.

Diana Shipping Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, March 5th were given a $0.075 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $0.30 dividend on an annualized basis and a yield of 9.55%. Diana Shipping’s dividend payout ratio is currently 69.77%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Diana Shipping in a report on Tuesday, February 6th. They issued a “hold” rating for the company.

Get Our Latest Analysis on Diana Shipping

Diana Shipping Company Profile

(Get Free Report)

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 worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.