Brokerages expect Diana Shipping Inc (NYSE:DSX) to announce sales of $61.71 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Diana Shipping’s earnings. The highest sales estimate is $69.00 million and the lowest is $58.30 million. Diana Shipping reported sales of $45.92 million during the same quarter last year, which indicates a positive year over year growth rate of 34.4%. The business is expected to issue its next quarterly earnings results on Thursday, February 28th.

On average, analysts expect that Diana Shipping will report full year sales of $220.32 million for the current year, with estimates ranging from $215.51 million to $234.00 million. For the next year, analysts anticipate that the firm will report sales of $251.47 million, with estimates ranging from $229.07 million to $300.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Diana Shipping.

Diana Shipping (NYSE:DSX) last announced its quarterly earnings data on Monday, November 26th. The shipping company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.08. The company had revenue of $61.50 million for the quarter, compared to analysts’ expectations of $56.52 million. Diana Shipping had a negative return on equity of 0.13% and a negative net margin of 201.14%. Diana Shipping’s revenue for the quarter was up 40.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.25) EPS.

A number of equities analysts have commented on the company. Zacks Investment Research cut Diana Shipping from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 25th. ValuEngine raised Diana Shipping from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $4.75.

Shares of Diana Shipping stock opened at $3.46 on Friday. The company has a market capitalization of $371.46 million, a price-to-earnings ratio of -4.38 and a beta of 1.30. Diana Shipping has a one year low of $3.03 and a one year high of $5.16.

A number of institutional investors have recently made changes to their positions in DSX. Engineers Gate Manager LP purchased a new position in Diana Shipping in the 2nd quarter worth approximately $213,000. DNB Asset Management AS increased its stake in Diana Shipping by 37.4% in the 3rd quarter. DNB Asset Management AS now owns 183,521 shares of the shipping company’s stock worth $756,000 after purchasing an additional 50,000 shares during the period. JPMorgan Chase & Co. increased its stake in Diana Shipping by 14.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 265,921 shares of the shipping company’s stock worth $1,095,000 after purchasing an additional 33,661 shares during the period. 683 Capital Management LLC purchased a new position in Diana Shipping in the 2nd quarter worth approximately $2,109,000. Finally, Morgan Stanley increased its stake in Diana Shipping by 22.5% in the 3rd quarter. Morgan Stanley now owns 550,310 shares of the shipping company’s stock worth $2,267,000 after purchasing an additional 101,193 shares during the period. 37.47% of the stock is currently owned by institutional investors and hedge funds.

Diana Shipping Company Profile

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including iron ore, coal, and grains, as well as steel products, cement, and fertilizers through its ownership of dry bulk vessels worldwide. As of December 31, 2017, it operated a fleet of 50 dry bulk carriers, including 22 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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