Wall Street analysts predict that Diana Shipping Inc (NYSE:DSX) will post $38.94 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Diana Shipping’s earnings, with estimates ranging from $37.01 million to $40.87 million. Diana Shipping reported sales of $52.42 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 25.7%. The business is scheduled to report its next earnings results on Tuesday, August 4th.
On average, analysts expect that Diana Shipping will report full year sales of $159.07 million for the current financial year, with estimates ranging from $157.37 million to $160.76 million. For the next fiscal year, analysts expect that the business will post sales of $171.40 million, with estimates ranging from $163.86 million to $178.93 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Diana Shipping.
Diana Shipping (NYSE:DSX) last posted its earnings results on Thursday, May 14th. The shipping company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.07). The business had revenue of $39.98 million for the quarter, compared to the consensus estimate of $42.72 million. Diana Shipping had a negative return on equity of 1.12% and a negative net margin of 57.91%.
DSX stock traded down $0.03 during midday trading on Monday, hitting $1.43. 175,139 shares of the company’s stock were exchanged, compared to its average volume of 402,764. The stock’s fifty day moving average price is $1.62 and its 200-day moving average price is $2.51. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.01 and a current ratio of 2.09. Diana Shipping has a one year low of $1.25 and a one year high of $4.15.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DSX. Hosking Partners LLP raised its stake in shares of Diana Shipping by 9.8% in the 4th quarter. Hosking Partners LLP now owns 5,484,364 shares of the shipping company’s stock valued at $17,056,000 after purchasing an additional 487,758 shares during the period. Kopernik Global Investors LLC raised its stake in shares of Diana Shipping by 11.1% in the 1st quarter. Kopernik Global Investors LLC now owns 4,887,717 shares of the shipping company’s stock valued at $7,234,000 after purchasing an additional 486,590 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Diana Shipping by 12.7% in the 1st quarter. Russell Investments Group Ltd. now owns 3,360,544 shares of the shipping company’s stock valued at $4,964,000 after purchasing an additional 377,657 shares during the period. Renaissance Technologies LLC raised its stake in shares of Diana Shipping by 13.9% in the 4th quarter. Renaissance Technologies LLC now owns 2,081,647 shares of the shipping company’s stock valued at $6,474,000 after purchasing an additional 253,977 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of Diana Shipping by 550.0% in the 4th quarter. Acadian Asset Management LLC now owns 190,421 shares of the shipping company’s stock valued at $592,000 after purchasing an additional 161,124 shares during the period. 38.35% of the stock is currently owned by hedge funds and other institutional investors.
Diana Shipping Company Profile
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 through its ownership of dry bulk vessels worldwide. As of December 31, 2018, it operated a fleet of 48 dry bulk carriers comprising 20 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.
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