Analysts expect Diana Shipping Inc (NYSE:DSX) to report $51.60 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Diana Shipping’s earnings, with the lowest sales estimate coming in at $50.14 million and the highest estimate coming in at $53.04 million. Diana Shipping reported sales of $59.69 million during the same quarter last year, which suggests a negative year-over-year growth rate of 13.6%. The company is scheduled to announce its next quarterly earnings report on Monday, November 25th.
On average, analysts expect that Diana Shipping will report full year sales of $215.18 million for the current fiscal year, with estimates ranging from $208.85 million to $224.60 million. For the next fiscal year, analysts anticipate that the company will report sales of $217.75 million, with estimates ranging from $184.36 million to $246.60 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Diana Shipping.
Diana Shipping (NYSE:DSX) last issued its earnings results on Tuesday, July 30th. The shipping company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). The firm had revenue of $55.40 million for the quarter, compared to analyst estimates of $52.69 million. Diana Shipping had a return on equity of 4.64% and a net margin of 8.22%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year.
Shares of DSX opened at $3.95 on Friday. The company has a market cap of $359.91 million, a price-to-earnings ratio of 16.17 and a beta of 0.89. Diana Shipping has a 1-year low of $2.41 and a 1-year high of $4.15. The company’s fifty day simple moving average is $3.46 and its 200 day simple moving average is $3.32.
Several large investors have recently added to or reduced their stakes in DSX. Acadian Asset Management LLC increased its holdings in shares of Diana Shipping by 126.3% in the second quarter. Acadian Asset Management LLC now owns 23,377 shares of the shipping company’s stock valued at $77,000 after purchasing an additional 13,048 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Diana Shipping in the second quarter valued at $181,000. D. E. Shaw & Co. Inc. increased its holdings in shares of Diana Shipping by 152.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 101,400 shares of the shipping company’s stock valued at $336,000 after purchasing an additional 61,275 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Diana Shipping by 29.7% in the second quarter. JPMorgan Chase & Co. now owns 188,675 shares of the shipping company’s stock valued at $624,000 after purchasing an additional 43,157 shares during the last quarter. Finally, Lesa Sroufe & Co increased its holdings in shares of Diana Shipping by 32.3% in the second quarter. Lesa Sroufe & Co now owns 773,625 shares of the shipping company’s stock valued at $2,561,000 after purchasing an additional 188,956 shares during the last quarter. Hedge funds and other institutional investors own 34.08% of the company’s stock.
About Diana Shipping
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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