-$0.06 EPS Expected for Diana Shipping Inc. (NYSE:DSX) This Quarter


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Equities research analysts expect Diana Shipping Inc. (NYSE:DSX) to announce ($0.06) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Diana Shipping’s earnings. Diana Shipping reported earnings of ($0.13) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 53.8%. The company is expected to report its next quarterly earnings report on Thursday, May 13th.

On average, analysts expect that Diana Shipping will report full year earnings of ($0.05) per share for the current fiscal year, with EPS estimates ranging from ($0.07) to ($0.02). For the next year, analysts forecast that the company will post earnings of $0.32 per share, with EPS estimates ranging from $0.15 to $0.48. Zacks Investment Research’s EPS 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 released its quarterly earnings data on Sunday, February 21st. The shipping company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). Diana Shipping had a negative net margin of 78.81% and a negative return on equity of 5.63%. The company had revenue of $39.64 million during the quarter, compared to analysts’ expectations of $40.74 million.

DSX has been the subject of several research reports. Jefferies Financial Group upped their price target on shares of Diana Shipping from $2.50 to $3.00 and gave the stock a “hold” rating in a research report on Monday, March 1st. Clarkson Capital upped their price target on shares of Diana Shipping from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday, February 23rd. Pareto Securities raised shares of Diana Shipping from a “sell” rating to a “hold” rating and set a $3.50 price target for the company in a research report on Monday, March 22nd. Zacks Investment Research cut shares of Diana Shipping from a “hold” rating to a “strong sell” rating in a research report on Friday, April 2nd. Finally, BTIG Research assumed coverage on shares of Diana Shipping in a research report on Monday, February 8th. They issued a “buy” rating and a $5.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $3.58.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp acquired a new position in Diana Shipping during the 3rd quarter valued at approximately $39,000. Squarepoint Ops LLC acquired a new position in Diana Shipping during the 4th quarter valued at approximately $58,000. Virtu Financial LLC acquired a new position in Diana Shipping during the 4th quarter valued at approximately $66,000. GSA Capital Partners LLP increased its stake in Diana Shipping by 393.2% during the 4th quarter. GSA Capital Partners LLP now owns 152,799 shares of the shipping company’s stock valued at $295,000 after purchasing an additional 121,820 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Diana Shipping by 27.4% during the 3rd quarter. Sei Investments Co. now owns 430,026 shares of the shipping company’s stock valued at $606,000 after purchasing an additional 92,416 shares in the last quarter. Hedge funds and other institutional investors own 24.65% of the company’s stock.

Shares of DSX traded up $0.11 during mid-day trading on Friday, hitting $3.08. The company’s stock had a trading volume of 544,609 shares, compared to its average volume of 1,009,909. The company’s 50-day moving average is $3.12 and its 200-day moving average is $2.24. Diana Shipping has a 52-week low of $1.25 and a 52-week high of $3.78. The firm has a market capitalization of $274.97 million, a price-to-earnings ratio of -1.82 and a beta of 1.41.

About Diana Shipping

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 11, 2021, it operated a fleet of 37 dry bulk vessels, including 4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 5 Kamsarmax, and 11 Panamax), as well as one Panamax dry bulk vessel.

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