Diana Shipping (NYSE:DSX) Issues Earnings Results, Misses Expectations By $0.01 EPS
Diana Shipping (NYSE:DSX) issued its quarterly earnings data on Sunday. The shipping company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.01), Fidelity Earnings reports. Diana Shipping had a negative net margin of 78.81% and a negative return on equity of 5.63%.
NYSE:DSX traded down $0.24 on Tuesday, reaching $2.78. The stock had a trading volume of 68,011 shares, compared to its average volume of 1,161,323. The company has a market cap of $253.52 million, a price-to-earnings ratio of -1.54 and a beta of 1.41. The firm’s fifty day moving average is $2.59 and its two-hundred day moving average is $1.81. Diana Shipping has a 12-month low of $1.25 and a 12-month high of $3.78.
A number of equities research analysts recently commented on the stock. Pareto Securities cut shares of Diana Shipping from a “hold” rating to a “sell” rating and set a $2.30 price objective on the stock. in a research note on Tuesday. BTIG Research assumed coverage on shares of Diana Shipping in a research note on Monday, February 8th. They issued a “buy” rating and a $5.00 price objective on the stock. Clarkson Capital increased their price objective on shares of Diana Shipping from $3.00 to $5.00 and gave the company a “buy” rating in a research note on Tuesday. Stifel Nicolaus raised shares of Diana Shipping from a “hold” rating to a “buy” rating and increased their price objective for the company from $2.25 to $3.50 in a research note on Monday, February 1st. Finally, Zacks Investment Research raised shares of Diana Shipping from a “sell” rating to a “hold” rating in a research note on Wednesday, February 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.30.
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 worldwide. As of March 31, 2020, it operated a fleet of 41 dry bulk vessels comprising 4 Newcastlemax, 13 Capesize, 5 Post-Panamax, 5 Kamsarmax, and 14 Panamax vessels.
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