Seanergy Maritime (NASDAQ:SHIP) Announces Earnings Results, Beats Estimates By $0.14 EPS

Seanergy Maritime (NASDAQ:SHIP) posted its quarterly earnings data on Tuesday. The shipping company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.14, Yahoo Finance reports. Seanergy Maritime had a return on equity of 7.06% and a net margin of 12.06%. The company had revenue of $43.13 million during the quarter, compared to analysts’ expectations of $40.69 million. During the same quarter in the previous year, the business earned $0.05 EPS.

Seanergy Maritime Stock Down 0.4 %

NASDAQ:SHIP traded down $0.04 during mid-day trading on Wednesday, hitting $9.95. 365,562 shares of the company’s stock traded hands, compared to its average volume of 253,749. The company has a fifty day moving average of $10.39 and a 200 day moving average of $9.47. Seanergy Maritime has a twelve month low of $4.87 and a twelve month high of $13.19. The company has a market capitalization of $195.38 million, a P/E ratio of 12.44 and a beta of 0.61. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.34 and a current ratio of 0.36.

Seanergy Maritime Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Friday, September 27th will be paid a dividend of $0.25 per share. This is a boost from Seanergy Maritime’s previous quarterly dividend of $0.03. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.05%. The ex-dividend date of this dividend is Friday, September 27th. Seanergy Maritime’s dividend payout ratio is 12.50%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Noble Financial upgraded Seanergy Maritime to a “strong-buy” rating in a report on Tuesday, July 23rd. B. Riley upped their target price on Seanergy Maritime from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Finally, StockNews.com upgraded Seanergy Maritime from a “buy” rating to a “strong-buy” rating in a report on Monday.

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.