Seanergy Maritime (SHIP) to Release Earnings on Wednesday

Seanergy Maritime (NASDAQ:SHIP) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, May 15th. Analysts expect the company to announce earnings of $0.28 per share for the quarter.

Seanergy Maritime (NASDAQ:SHIP) last released its earnings results on Friday, March 15th. The shipping company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.41. Seanergy Maritime had a net margin of 1.68% and a return on equity of 2.70%. The firm had revenue of $39.43 million during the quarter, compared to analyst estimates of $33.90 million. On average, analysts expect Seanergy Maritime to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Seanergy Maritime Trading Up 3.5 %

Seanergy Maritime stock opened at $10.61 on Friday. The company has a market cap of $208.34 million, a P/E ratio of 151.57 and a beta of 0.75. Seanergy Maritime has a 1 year low of $4.03 and a 1 year high of $10.69. The firm’s 50-day moving average is $8.99 and its 200-day moving average is $7.64. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.34 and a current ratio of 0.36.

Seanergy Maritime Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Monday, March 25th were paid a $0.025 dividend. The ex-dividend date was Friday, March 22nd. This represents a $0.10 dividend on an annualized basis and a yield of 0.94%. Seanergy Maritime’s payout ratio is currently 142.86%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SHIP. B. Riley raised their price target on Seanergy Maritime from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. StockNews.com upgraded Seanergy Maritime from a “hold” rating to a “buy” rating in a research note on Monday, March 18th. Finally, Noble Financial upped their price target on shares of Seanergy Maritime from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th.

About Seanergy Maritime

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp.