Brokerages Expect Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) to Post $0.02 Earnings Per Share

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus price target of $1.30 for the company and are forecasting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned Seanergy Maritime an industry rank of 151 out of 255 based on the ratings given to its competitors.

SHIP has been the subject of several analyst reports. Zacks Investment Research lowered shares of Seanergy Maritime from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Maxim Group reissued a “buy” rating and issued a $1.00 target price on shares of Seanergy Maritime in a report on Sunday, February 9th. Finally, Noble Financial reissued a “buy” rating and issued a $1.14 target price on shares of Seanergy Maritime in a report on Sunday, February 16th.

A hedge fund recently bought a new stake in Seanergy Maritime stock. Virtu Financial LLC acquired a new stake in shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 56,736 shares of the shipping company’s stock, valued at approximately $27,000. Virtu Financial LLC owned approximately 0.21% of Seanergy Maritime at the end of the most recent reporting period. 2.35% of the stock is owned by institutional investors.

Shares of NASDAQ SHIP traded down $0.01 during midday trading on Monday, hitting $0.17. 880,798 shares of the company’s stock traded hands, compared to its average volume of 529,583. Seanergy Maritime has a 1 year low of $0.13 and a 1 year high of $7.36. The stock has a market capitalization of $3.76 million, a price-to-earnings ratio of -0.04 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.08 and a current ratio of 0.09. The firm has a fifty day moving average of $0.27 and a 200 day moving average of $0.46.

Seanergy Maritime (NASDAQ:SHIP) last released its quarterly earnings results on Thursday, February 13th. The shipping company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.05. Seanergy Maritime had a negative net margin of 13.52% and a negative return on equity of 49.02%. The firm had revenue of $27.77 million during the quarter. On average, equities analysts anticipate that Seanergy Maritime will post 0.8 earnings per share for the current year.

Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of April 4, 2019, it owned a fleet of 10 Capesizes with a cargo-carrying capacity of approximately 1,748,581 deadweight tons and an average fleet age of 10 years.

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