Diana Shipping (DSX) Projected to Post Quarterly Earnings on Thursday

Diana Shipping (NYSE:DSX) is projected to release its results before the market opens on Thursday, February 26th. Analysts expect Diana Shipping to post earnings of $0.0027 per share and revenue of $52.00 million for the quarter.

Diana Shipping (NYSE:DSX) last issued its earnings results on Thursday, November 20th. The shipping company reported $0.05 EPS for the quarter. The business had revenue of $51.90 million during the quarter, compared to analysts’ expectations of $57.00 million. Diana Shipping had a net margin of 11.18% and a return on equity of 4.93%.

Diana Shipping Stock Performance

NYSE:DSX opened at $2.58 on Friday. The company has a market cap of $298.13 million, a P/E ratio of 23.41 and a beta of 0.71. Diana Shipping has a twelve month low of $1.27 and a twelve month high of $2.61. The company’s 50-day moving average price is $2.04 and its 200-day moving average price is $1.84. The company has a current ratio of 2.29, a quick ratio of 2.24 and a debt-to-equity ratio of 1.30.

Analyst Ratings Changes

DSX has been the topic of several recent research reports. Wall Street Zen upgraded Diana Shipping from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Diana Shipping in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Diana Shipping

Several large investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its holdings in shares of Diana Shipping by 11.6% during the 4th quarter. Renaissance Technologies LLC now owns 2,361,713 shares of the shipping company’s stock worth $3,920,000 after purchasing an additional 246,300 shares during the period. WINTON GROUP Ltd purchased a new stake in Diana Shipping in the 4th quarter valued at about $300,000. Squarepoint Ops LLC acquired a new position in Diana Shipping in the third quarter valued at about $278,000. XTX Topco Ltd boosted its stake in Diana Shipping by 84.1% during the fourth quarter. XTX Topco Ltd now owns 144,901 shares of the shipping company’s stock worth $241,000 after buying an additional 66,212 shares during the period. Finally, Two Sigma Investments LP boosted its stake in Diana Shipping by 407.4% during the third quarter. Two Sigma Investments LP now owns 80,684 shares of the shipping company’s stock worth $136,000 after buying an additional 64,784 shares during the period. Institutional investors and hedge funds own 48.68% of the company’s stock.

Diana Shipping Company Profile

Diana Shipping Inc is a global shipping company incorporated in the Republic of the Marshall Islands and headquartered in Athens, Greece. The company specializes in the ownership and operation of dry bulk vessels that transport a variety of commodities, including coal, iron ore, grains, fertilizers, steel products and other bulk materials. Diana Shipping’s fleet comprises Panamax, Capesize, Newcastlemax and Supramax/Newcastlemax segments, enabling it to address the needs of customers on key global trade routes.

The company conducts its operations by chartering vessels on short‐term voyage charters and longer‐term period charters.