Wall Street analysts expect Diana Shipping Inc. (NYSE:DSX – Get Rating) to report earnings per share (EPS) of $0.28 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Diana Shipping’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.30. Diana Shipping reported earnings of ($0.03) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 1,033.3%. The firm is expected to report its next earnings results before the market opens on Monday, January 1st.
On average, analysts expect that Diana Shipping will report full year earnings of $1.50 per share for the current financial year, with EPS estimates ranging from $1.46 to $1.52. For the next fiscal year, analysts forecast that the company will post earnings of $1.29 per share, with EPS estimates ranging from $0.87 to $1.53. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Diana Shipping.
Diana Shipping (NYSE:DSX – Get Rating) last posted its quarterly earnings results on Friday, February 25th. The shipping company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. Diana Shipping had a return on equity of 10.32% and a net margin of 26.79%. The business had revenue of $68.02 million during the quarter, compared to the consensus estimate of $65.81 million. During the same period in the prior year, the company posted ($0.08) EPS.
Several research analysts have weighed in on DSX shares. Zacks Investment Research upgraded Diana Shipping from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 1st. TheStreet raised shares of Diana Shipping from a “d+” rating to a “c-” rating in a research report on Tuesday, March 1st. Jefferies Financial Group assumed coverage on shares of Diana Shipping in a research report on Wednesday, April 27th. They set a “hold” rating on the stock. Finally, StockNews.com started coverage on shares of Diana Shipping in a report on Thursday, March 31st. They set a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Diana Shipping has a consensus rating of “Hold” and a consensus target price of $6.63.
DSX stock opened at $5.17 on Thursday. Diana Shipping has a 1-year low of $3.31 and a 1-year high of $6.36. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.93 and a quick ratio of 1.84. The company has a market capitalization of $473.26 million, a price-to-earnings ratio of 8.21 and a beta of 1.03. The business has a 50 day simple moving average of $4.99 and a two-hundred day simple moving average of $4.48.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 21st. Stockholders of record on Wednesday, March 9th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, March 8th. This represents a $0.80 annualized dividend and a dividend yield of 15.47%. Diana Shipping’s dividend payout ratio is presently 126.99%.
A number of large investors have recently modified their holdings of the stock. National Bank of Canada FI acquired a new stake in Diana Shipping in the first quarter valued at approximately $189,000. Royce & Associates LP grew its position in shares of Diana Shipping by 2.3% during the first quarter. Royce & Associates LP now owns 1,028,529 shares of the shipping company’s stock worth $5,554,000 after acquiring an additional 23,300 shares during the last quarter. Advisor Group Holdings Inc. grew its position in shares of Diana Shipping by 36.4% during the first quarter. Advisor Group Holdings Inc. now owns 100,246 shares of the shipping company’s stock worth $544,000 after acquiring an additional 26,756 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Diana Shipping during the first quarter worth approximately $160,000. Finally, SG Americas Securities LLC purchased a new position in shares of Diana Shipping during the first quarter worth approximately $558,000. 36.88% of the stock is currently owned by hedge funds and other institutional investors.
Diana Shipping Company Profile (Get Rating)
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 February 16, 2022, it operated a fleet of 34 dry bulk vessels, including 4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax.
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