Analysts Anticipate Diana Shipping Inc (NYSE:DSX) Will Post Quarterly Sales of $49.29 Million

Equities research analysts expect Diana Shipping Inc (NYSE:DSX) to report $49.29 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Diana Shipping’s earnings, with the highest sales estimate coming in at $50.27 million and the lowest estimate coming in at $48.54 million. Diana Shipping reported sales of $60.13 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 18%. The business is scheduled to issue its next quarterly earnings results on Tuesday, February 25th.

On average, analysts expect that Diana Shipping will report full year sales of $209.46 million for the current year, with estimates ranging from $208.71 million to $210.43 million. For the next year, analysts forecast that the firm will report sales of $202.46 million, with estimates ranging from $180.31 million to $215.02 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Diana Shipping.

Several equities analysts have weighed in on DSX shares. ValuEngine raised Diana Shipping from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Zacks Investment Research cut Diana Shipping from a “buy” rating to a “hold” rating in a report on Thursday, December 5th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC raised its holdings in Diana Shipping by 126.3% in the 2nd quarter. Acadian Asset Management LLC now owns 23,377 shares of the shipping company’s stock valued at $77,000 after acquiring an additional 13,048 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Diana Shipping by 22.3% during the 3rd quarter. California Public Employees Retirement System now owns 76,899 shares of the shipping company’s stock worth $260,000 after buying an additional 14,000 shares in the last quarter. Cutler Group LP raised its holdings in shares of Diana Shipping by 14,300.0% during the 3rd quarter. Cutler Group LP now owns 14,400 shares of the shipping company’s stock worth $48,000 after buying an additional 14,300 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Diana Shipping by 29.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 188,675 shares of the shipping company’s stock worth $624,000 after buying an additional 43,157 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Diana Shipping during the 2nd quarter worth $181,000. 32.74% of the stock is owned by hedge funds and other institutional investors.

DSX traded down $0.12 during trading on Monday, hitting $3.18. The stock had a trading volume of 328,302 shares, compared to its average volume of 291,019. The firm has a market cap of $307.67 million, a price-to-earnings ratio of 31.80 and a beta of 0.92. The company has a 50 day moving average price of $3.57 and a 200-day moving average price of $3.41. Diana Shipping has a one year low of $2.41 and a one year high of $4.15.

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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Earnings History and Estimates for Diana Shipping (NYSE:DSX)

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