Diana Shipping (DSX) Set to Announce Earnings on Wednesday

Posted by William Tyler on Jul 30th, 2024

Diana Shipping (NYSE:DSX – Get Free Report) will be releasing its earnings data before the market opens on Wednesday, July 31st. Analysts expect Diana Shipping to post earnings of $0.05 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Diana Shipping (NYSE:DSX – Get Free Report) last announced its quarterly earnings data on Tuesday, May 28th. The shipping company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. Diana Shipping had a return on equity of 7.06% and a net margin of 11.81%. The company had revenue of $54.38 million for the quarter. On average, analysts expect Diana Shipping to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Diana Shipping Stock Performance

DSX stock opened at $2.70 on Tuesday. The firm has a market cap of $337.74 million, a price-to-earnings ratio of 12.27 and a beta of 1.14. Diana Shipping has a twelve month low of $2.64 and a twelve month high of $3.98. The company has a quick ratio of 2.08, a current ratio of 2.14 and a debt-to-equity ratio of 1.27. The business’s fifty day simple moving average is $2.90 and its two-hundred day simple moving average is $2.94.

Diana Shipping Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Wednesday, June 12th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 11.11%. The ex-dividend date was Wednesday, June 12th. Diana Shipping’s dividend payout ratio is presently 136.37%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “hold” rating and issued a $3.00 target price on shares of Diana Shipping in a research note on Tuesday, May 28th.

Get Our Latest Stock Report on Diana Shipping

Diana Shipping Company Profile

(Get Free Report)

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 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.