Wall Street analysts forecast that Diana Shipping inc. (NYSE:DSX) will announce sales of $35.25 million for the current quarter, according to Zacks. Five analysts have provided estimates for Diana Shipping inc.’s earnings, with estimates ranging from $32.84 million to $37.62 million. Diana Shipping inc. posted sales of $28.33 million in the same quarter last year, which would indicate a positive year over year growth rate of 24.4%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, July 26th.
On average, analysts expect that Diana Shipping inc. will report full-year sales of $35.25 million for the current fiscal year, with estimates ranging from $131.70 million to $162.71 million. For the next financial year, analysts expect that the firm will post sales of $208.03 million per share, with estimates ranging from $170.40 million to $271.31 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Diana Shipping inc..
Diana Shipping inc. (NYSE:DSX) last announced its earnings results on Tuesday, May 23rd. The shipping company reported ($0.34) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.03. The business had revenue of $31.30 million during the quarter, compared to the consensus estimate of $28.69 million. Diana Shipping inc. had a negative net margin of 138.84% and a negative return on equity of 15.25%. Diana Shipping inc.’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.41) EPS.
DSX has been the subject of a number of research reports. J P Morgan Chase & Co upgraded shares of Diana Shipping inc. from a “neutral” rating to an “overweight” rating and set a $8.00 target price for the company in a research report on Friday, April 7th. Zacks Investment Research upgraded shares of Diana Shipping inc. from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a research report on Tuesday, April 18th. Jefferies Group LLC raised their price objective on shares of Diana Shipping inc. from $3.50 to $5.00 and gave the company a “hold” rating in a research report on Monday, April 24th. Credit Suisse Group AG set a $3.00 price objective on shares of Diana Shipping inc. and gave the company a “hold” rating in a research report on Saturday, April 22nd. Finally, BidaskClub upgraded shares of Diana Shipping inc. from a “hold” rating to a “buy” rating in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Diana Shipping inc. presently has an average rating of “Hold” and an average price target of $3.94.
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Shares of Diana Shipping inc. (DSX) traded up 0.26% during mid-day trading on Wednesday, hitting $3.93. 477,787 shares of the company traded hands. The firm has a 50-day moving average of $3.90 and a 200-day moving average of $4.09. The stock’s market capitalization is $319.32 million. Diana Shipping inc. has a one year low of $2.21 and a one year high of $6.20.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hosking Partners LLP increased its position in Diana Shipping inc. by 57.1% in the first quarter. Hosking Partners LLP now owns 2,253,848 shares of the shipping company’s stock valued at $10,413,000 after buying an additional 819,219 shares during the period. Parametric Portfolio Associates LLC increased its position in Diana Shipping inc. by 1.9% in the first quarter. Parametric Portfolio Associates LLC now owns 1,709,979 shares of the shipping company’s stock valued at $7,900,000 after buying an additional 32,397 shares during the period. Renaissance Technologies LLC increased its position in Diana Shipping inc. by 9.3% in the fourth quarter. Renaissance Technologies LLC now owns 932,500 shares of the shipping company’s stock valued at $2,816,000 after buying an additional 79,500 shares during the period. Hermes Investment Management Ltd. acquired a new position in Diana Shipping inc. during the second quarter valued at approximately $1,624,000. Finally, Morgan Stanley increased its position in Diana Shipping inc. by 99.7% in the first quarter. Morgan Stanley now owns 317,079 shares of the shipping company’s stock valued at $1,464,000 after buying an additional 158,283 shares during the period. 33.97% of the stock is currently owned by hedge funds and other institutional investors.
About Diana Shipping inc.
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).
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