Wall Street analysts expect Diana Shipping inc. (NYSE:DSX) to post $44.02 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Diana Shipping’s earnings, with the highest sales estimate coming in at $46.64 million and the lowest estimate coming in at $37.40 million. Diana Shipping reported sales of $28.02 million in the same quarter last year, which indicates a positive year over year growth rate of 57.1%. The firm is scheduled to announce its next earnings report before the market opens on Thursday, February 22nd.
On average, analysts expect that Diana Shipping will report full year sales of $44.02 million for the current year, with estimates ranging from $144.80 million to $161.00 million. For the next year, analysts expect that the business will report sales of $213.39 million per share, with estimates ranging from $177.50 million to $253.19 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Diana Shipping.
Diana Shipping (NYSE:DSX) last released its earnings results on Tuesday, November 21st. The shipping company reported ($0.20) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.20). Diana Shipping had a negative net margin of 69.54% and a negative return on equity of 9.26%. The company had revenue of $43.92 million for the quarter, compared to analyst estimates of $40.98 million.
DSX has been the topic of several recent research reports. ValuEngine lowered shares of Diana Shipping from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Diana Shipping from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a report on Thursday, October 19th. Pareto Securities lowered shares of Diana Shipping from a “buy” rating to a “hold” rating and set a $5.00 target price on the stock. in a report on Wednesday, January 10th. Citigroup increased their target price on shares of Diana Shipping from $2.50 to $5.00 and gave the company a “hold” rating in a report on Tuesday, October 31st. They noted that the move was a valuation call. Finally, Deutsche Bank reaffirmed a “hold” rating on shares of Diana Shipping in a report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $4.57.
A number of institutional investors have recently made changes to their positions in the business. Kopernik Global Investors LLC grew its holdings in Diana Shipping by 16.4% in the 4th quarter. Kopernik Global Investors LLC now owns 4,726,332 shares of the shipping company’s stock worth $19,237,000 after acquiring an additional 664,419 shares during the last quarter. Virtu Financial LLC grew its holdings in Diana Shipping by 804.7% in the 4th quarter. Virtu Financial LLC now owns 120,230 shares of the shipping company’s stock worth $489,000 after acquiring an additional 106,940 shares during the last quarter. Royce & Associates LP grew its holdings in Diana Shipping by 11.1% in the 4th quarter. Royce & Associates LP now owns 1,368,233 shares of the shipping company’s stock worth $5,569,000 after acquiring an additional 137,000 shares during the last quarter. Chartwell Investment Partners LLC grew its holdings in Diana Shipping by 7.8% in the 4th quarter. Chartwell Investment Partners LLC now owns 510,270 shares of the shipping company’s stock worth $2,077,000 after acquiring an additional 36,764 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Diana Shipping by 36.8% in the 4th quarter. Wells Fargo & Company MN now owns 117,745 shares of the shipping company’s stock worth $480,000 after purchasing an additional 31,686 shares during the period. 37.59% of the stock is currently owned by institutional investors and hedge funds.
Diana Shipping (NYSE:DSX) traded up $0.21 during mid-day trading on Tuesday, hitting $3.61. 1,149,343 shares of the company traded hands, compared to its average volume of 754,354. Diana Shipping has a 52 week low of $3.07 and a 52 week high of $6.20. The company has a market cap of $383.13, a price-to-earnings ratio of -3.11 and a beta of 1.39.
About Diana Shipping
Diana Shipping Inc is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. As of February 16, 2017, the Company’s operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Diana Shipping Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diana Shipping and related companies with MarketBeat.com's FREE daily email newsletter.