Diana Shipping Inc. (NYSE:DSX) Expected to Announce Quarterly Sales of $65.81 Million

Diana Shipping Inc. (NYSE:DSX) Expected to Announce Quarterly Sales of $65.81 Million

Wall Street analysts forecast that Diana Shipping Inc. (NYSE:DSX) will report $65.81 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Diana Shipping’s earnings, with the lowest sales estimate coming in at $63.22 million and the highest estimate coming in at $67.20 million. Diana Shipping reported sales of $39.64 million in the same quarter last year, which indicates a positive year-over-year growth rate of 66%. The business is scheduled to report its next quarterly earnings report before the market opens on Friday, February 25th.

On average, analysts expect that Diana Shipping will report full-year sales of $206.41 million for the current year, with estimates ranging from $203.83 million to $207.80 million. For the next year, analysts expect that the firm will report sales of $299.33 million, with estimates ranging from $284.64 million to $324.90 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Diana Shipping.

Diana Shipping (NYSE:DSX) last issued its quarterly earnings results on Wednesday, November 17th. The shipping company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. The firm had revenue of $56.61 million for the quarter, compared to the consensus estimate of $55.96 million. Diana Shipping had a net margin of 4.69% and a return on equity of 2.60%. During the same quarter in the previous year, the company earned ($0.09) EPS.

Several research firms have recently weighed in on DSX. Zacks Investment Research lowered shares of Diana Shipping from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 26th. HC Wainwright began coverage on shares of Diana Shipping in a research note on Thursday, November 18th. They issued a “buy” rating and a $9.50 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Diana Shipping currently has an average rating of “Hold” and a consensus target price of $5.83.

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A number of hedge funds have recently made changes to their positions in DSX. Counterpoint Mutual Funds LLC increased its stake in Diana Shipping by 77.2% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 6,764 shares of the shipping company’s stock valued at $26,000 after purchasing an additional 2,946 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Diana Shipping during the 4th quarter valued at $42,000. Amundi bought a new stake in Diana Shipping during the 2nd quarter valued at $47,000. BNP Paribas Arbitrage SA bought a new stake in shares of Diana Shipping in the 4th quarter worth $50,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Diana Shipping in the 4th quarter worth $51,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

NYSE:DSX opened at $4.16 on Friday. The company has a fifty day moving average of $3.91 and a 200-day moving average of $4.56. The firm has a market capitalization of $380.79 million, a P/E ratio of 83.22 and a beta of 1.08. Diana Shipping has a twelve month low of $2.52 and a twelve month high of $6.36.

About Diana Shipping

Diana Shipping, Inc operates as a holding company, which engages in the provision of shipping transportation services through the ownership and operation of dry bulk vessels. Its vessels are being employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain, and other materials along worldwide shipping routes.

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