Seanergy Maritime (NASDAQ:SHIP) Posts Earnings Results, Beats Estimates By $0.07 EPS

Seanergy Maritime (NASDAQ:SHIP) issued its quarterly earnings data on Tuesday. The shipping company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.07, Zacks reports. The business had revenue of $44.36 million for the quarter, compared to the consensus estimate of $42.10 million. Seanergy Maritime had a return on equity of 12.42% and a net margin of 20.12%. During the same period in the prior year, the business earned ($0.28) earnings per share.

Seanergy Maritime Trading Up 1.5 %

Shares of SHIP stock traded up $0.14 during trading hours on Thursday, hitting $9.56. 66,748 shares of the company were exchanged, compared to its average volume of 248,465. Seanergy Maritime has a 1 year low of $4.87 and a 1 year high of $13.19. The firm has a fifty day moving average of $10.75 and a 200 day moving average of $10.63. The firm has a market cap of $197.89 million, a PE ratio of 6.50 and a beta of 0.65. The company has a quick ratio of 0.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.72.

Seanergy Maritime Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be issued a $0.26 dividend. This is a boost from Seanergy Maritime’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.04 annualized dividend and a yield of 10.88%. Seanergy Maritime’s payout ratio is 68.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SHIP shares. Noble Financial raised shares of Seanergy Maritime to a “strong-buy” rating in a research note on Tuesday, July 23rd. StockNews.com lowered shares of Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

Seanergy Maritime Company Profile

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.