Equities research analysts forecast that Diana Shipping Inc (NYSE:DSX) will report earnings per share of $0.04 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Diana Shipping’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.02. Diana Shipping reported earnings per share of ($0.20) during the same quarter last year, which suggests a positive year-over-year growth rate of 120%. The company is expected to announce its next quarterly earnings report on Tuesday, November 20th.

On average, analysts expect that Diana Shipping will report full-year earnings of $0.06 per share for the current financial year, with EPS estimates ranging from ($0.07) to $0.13. For the next year, analysts anticipate that the company will post earnings of $0.48 per share, with EPS estimates ranging from $0.16 to $0.70. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Diana Shipping.

Diana Shipping (NYSE:DSX) last issued its quarterly earnings results on Thursday, May 10th. The shipping company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.08. The business had revenue of $48.40 million for the quarter, compared to analysts’ expectations of $46.01 million. Diana Shipping had a negative net margin of 237.60% and a negative return on equity of 4.71%. The company’s revenue was up 54.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.34) EPS.

Several research analysts have recently weighed in on DSX shares. Morgan Stanley lifted their price target on shares of Diana Shipping from $4.00 to $4.50 and gave the stock a “$4.41” rating in a research note on Monday, July 23rd. Pareto Securities upgraded shares of Diana Shipping from a “hold” rating to a “buy” rating in a research note on Friday, May 11th. ValuEngine upgraded shares of Diana Shipping from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Finally, Zacks Investment Research upgraded shares of Diana Shipping from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a research note on Monday, June 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $4.96.

Shares of Diana Shipping stock traded up $0.05 on Friday, hitting $4.20. 222,931 shares of the company’s stock were exchanged, compared to its average volume of 262,875. The stock has a market capitalization of $440.44 million, a PE ratio of -5.32, a P/E/G ratio of 13.02 and a beta of 1.24. Diana Shipping has a 1 year low of $3.07 and a 1 year high of $5.16. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.73 and a quick ratio of 1.65.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DSX. Engineers Gate Manager LP purchased a new position in shares of Diana Shipping during the 2nd quarter valued at $213,000. Two Sigma Advisers LP lifted its stake in shares of Diana Shipping by 128.8% during the 4th quarter. Two Sigma Advisers LP now owns 55,062 shares of the shipping company’s stock valued at $224,000 after buying an additional 31,000 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Diana Shipping by 36.8% during the 4th quarter. Wells Fargo & Company MN now owns 117,745 shares of the shipping company’s stock valued at $480,000 after buying an additional 31,686 shares in the last quarter. A.R.T. Advisors LLC lifted its stake in shares of Diana Shipping by 40.9% during the 1st quarter. A.R.T. Advisors LLC now owns 154,815 shares of the shipping company’s stock valued at $566,000 after buying an additional 44,927 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in Diana Shipping by 1,238.7% in the 4th quarter. Deutsche Bank AG now owns 228,925 shares of the shipping company’s stock valued at $931,000 after acquiring an additional 211,825 shares during the last quarter. Institutional investors own 38.56% of the company’s stock.

About Diana Shipping

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including iron ore, coal, and grains, as well as steel products, cement, and fertilizers through its ownership of dry bulk vessels worldwide. As of December 31, 2017, it operated a fleet of 50 dry bulk carriers, including 22 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.

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Earnings History and Estimates for Diana Shipping (NYSE:DSX)

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