Analysts forecast that Diana Shipping Inc. (NYSE:DSX – Get Rating) will announce sales of $64.14 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Diana Shipping’s earnings, with the highest sales estimate coming in at $66.50 million and the lowest estimate coming in at $61.77 million. Diana Shipping posted sales of $39.27 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 63.3%. The firm is expected to issue its next earnings report before the market opens on Monday, January 1st.
On average, analysts expect that Diana Shipping will report full year sales of $288.44 million for the current financial year, with estimates ranging from $284.64 million to $295.10 million. For the next financial year, analysts expect that the firm will report sales of $266.40 million, with estimates ranging from $238.10 million to $294.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Diana Shipping.
Diana Shipping (NYSE:DSX – Get Rating) last posted its quarterly earnings data on Friday, February 25th. The shipping company reported $0.30 earnings per share for the quarter, beating 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 analysts’ expectations of $65.81 million. During the same quarter last year, the company posted ($0.08) EPS.
A number of equities analysts recently weighed in on DSX shares. Zacks Investment Research raised Diana Shipping from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 1st. TheStreet raised Diana Shipping from a “d+” rating to a “c-” rating in a report on Tuesday, March 1st. Jefferies Financial Group assumed coverage on Diana Shipping in a research note on Wednesday, April 27th. They issued a “hold” rating on the stock. Finally, StockNews.com assumed coverage on Diana Shipping in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.63.
NYSE DSX opened at $5.17 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.93 and a debt-to-equity ratio of 0.97. The stock’s 50-day simple moving average is $4.99 and its two-hundred day simple moving average is $4.48. Diana Shipping has a twelve month low of $3.31 and a twelve month high of $6.36. The company has a market capitalization of $473.24 million, a price-to-earnings ratio of 8.21 and a beta of 1.03.
The company also recently declared a quarterly dividend, which was paid on Monday, March 21st. Investors 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 institutional investors have recently added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC raised its stake in shares of Diana Shipping by 77.2% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 6,764 shares of the shipping company’s stock worth $26,000 after purchasing an additional 2,946 shares during the last quarter. LPL Financial LLC purchased a new stake in Diana Shipping during the third quarter valued at $58,000. Royal Bank of Canada purchased a new stake in Diana Shipping during the second quarter valued at $55,000. Cetera Investment Advisers purchased a new stake in Diana Shipping during the fourth quarter valued at $42,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Diana Shipping during the fourth quarter valued at $42,000. 36.88% of the stock is currently owned by institutional investors and hedge funds.
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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