Diana Shipping (NYSE:DSX – Get Rating) is set to post its quarterly earnings results before the market opens on Tuesday, May 24th. Analysts expect Diana Shipping to post earnings of $0.28 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Diana Shipping (NYSE:DSX – Get Rating) last announced its 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 net margin of 26.79% and a return on equity of 10.32%. The firm had revenue of $68.02 million for the quarter, compared to the consensus estimate of $65.81 million. During the same period in the prior year, the firm earned ($0.08) EPS. On average, analysts expect Diana Shipping to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE DSX opened at $5.36 on Tuesday. The company has a quick ratio of 1.84, a current ratio of 1.93 and a debt-to-equity ratio of 0.97. Diana Shipping has a 52 week low of $3.31 and a 52 week high of $6.36. The stock has a market capitalization of $490.63 million, a PE ratio of 8.51 and a beta of 1.03. The firm has a 50 day moving average of $4.99 and a two-hundred day moving average of $4.47.
The business also recently announced a quarterly dividend, which was paid on Monday, March 21st. Stockholders of record on Wednesday, March 9th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 14.93%. The ex-dividend date was Tuesday, March 8th. Diana Shipping’s payout ratio is 126.99%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC acquired a new stake in shares of Diana Shipping during the first quarter worth approximately $288,000. Hsbc Holdings PLC acquired a new position in Diana Shipping in the first quarter worth $133,000. JPMorgan Chase & Co. acquired a new position in shares of Diana Shipping during the first quarter valued at $121,000. Lazard Asset Management LLC boosted its holdings in shares of Diana Shipping by 23.4% during the first quarter. Lazard Asset Management LLC now owns 16,467 shares of the shipping company’s stock valued at $88,000 after acquiring an additional 3,121 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Diana Shipping by 28.2% during the fourth quarter. Barclays PLC now owns 17,821 shares of the shipping company’s stock valued at $69,000 after acquiring an additional 3,921 shares during the period. Hedge funds and other institutional investors own 36.88% of the company’s stock.
A number of equities analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of Diana Shipping in a research report on Wednesday, April 27th. They set a “hold” rating for the company. TheStreet upgraded shares of Diana Shipping from a “d+” rating to a “c-” rating in a report on Tuesday, March 1st. StockNews.com downgraded shares of Diana Shipping from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. Finally, Zacks Investment Research raised shares of Diana Shipping from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 1st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Diana Shipping has an average rating of “Hold” and an average target price of $6.63.
About Diana Shipping (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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