Diana Shipping (DSX) Announces Quarterly Earnings, Misses Estimates By $0.03 EPS
Diana Shipping (NYSE: DSX) released its earnings data on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.03. The company had revenue of $50.03 million for the quarter, compared to the consensus estimate of $49.73 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was down 13.9% on a year-over-year basis.
DSX has been the subject of a number of recent research reports. Analysts at Clarkson Capital raised their price target on shares of Diana Shipping from $7.50 to $8.50 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. On a related note, analysts at JPMorgan Chase initiated coverage on shares of Diana Shipping in a research note to investors on Tuesday, March 5th. They set a “neutral” rating and a $9.50 price target on the stock. Finally, analysts at Knight Capital Group initiated coverage on shares of Diana Shipping in a research note to investors on Monday, February 25th. They set a “buy” rating and a $12.00 price target on the stock.
Ten investment analysts have rated the stock with a buy rating, one has given an overweight rating, three have assigned a hold rating, one has assigned an underweight rating, and two have issued a sell rating to the company’s stock. The company currently has an average rating of “overweight” and an average price target of $10.01.
Shares of Diana Shipping (DSX) traded down 1.54% during mid-day trading on Thursday, hitting $8.96. Diana Shipping (DSX) has a 52 week low of $5.89 and a 52 week high of $9.29. The stock’s 50-day moving average is currently $8.80. The company has a market cap of $725.1 million and a P/E ratio of 10.58.
Diana Shipping Inc. is a holding company. The Company is a global provider of shipping transportation services.
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