Diana Shipping Inc (NYSE:DSX) – Equities researchers at Jefferies Financial Group dropped their Q1 2019 earnings per share estimates for Diana Shipping in a research note issued on Wednesday, April 24th, according to Zacks Investment Research. Jefferies Financial Group analyst R. Giveans now forecasts that the shipping company will post earnings per share of $0.01 for the quarter, down from their previous estimate of $0.02. Jefferies Financial Group also issued estimates for Diana Shipping’s Q2 2019 earnings at $0.01 EPS, Q3 2019 earnings at $0.01 EPS and Q4 2019 earnings at $0.01 EPS.
Diana Shipping (NYSE:DSX) last issued its quarterly earnings data on Tuesday, February 26th. The shipping company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). Diana Shipping had a return on equity of 2.64% and a net margin of 7.39%. The business had revenue of $62.87 million during the quarter, compared to analyst estimates of $60.44 million. During the same quarter last year, the firm earned ($4.28) EPS. Diana Shipping’s revenue for the quarter was up 28.5% compared to the same quarter last year.
Several other equities analysts have also commented on DSX. Zacks Investment Research lowered shares of Diana Shipping from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 30th. Pareto Securities lowered shares of Diana Shipping from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. Finally, Morgan Stanley set a $4.00 target price on shares of Diana Shipping and gave the company a “hold” rating in a report on Friday, February 15th.
Shares of Diana Shipping stock opened at $3.25 on Friday. Diana Shipping has a twelve month low of $2.41 and a twelve month high of $5.16. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.09 and a current ratio of 1.13.
A number of hedge funds have recently added to or reduced their stakes in the business. Hosking Partners LLP increased its holdings in Diana Shipping by 12.0% in the 4th quarter. Hosking Partners LLP now owns 5,307,060 shares of the shipping company’s stock valued at $16,876,000 after buying an additional 568,351 shares during the period. Barclays PLC increased its holdings in Diana Shipping by 0.9% in the 4th quarter. Barclays PLC now owns 1,097,700 shares of the shipping company’s stock valued at $3,491,000 after buying an additional 9,641 shares during the period. Renaissance Technologies LLC increased its holdings in Diana Shipping by 14.1% in the 3rd quarter. Renaissance Technologies LLC now owns 1,004,400 shares of the shipping company’s stock valued at $4,138,000 after buying an additional 124,400 shares during the period. Lesa Sroufe & Co bought a new position in Diana Shipping in the 1st quarter valued at about $1,649,000. Finally, Ruffer LLP increased its holdings in Diana Shipping by 29.3% in the 4th quarter. Ruffer LLP now owns 573,887 shares of the shipping company’s stock valued at $1,828,000 after buying an additional 130,000 shares during the period. 34.42% of the stock is currently owned by hedge funds and other institutional investors.
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 through its ownership of dry bulk vessels worldwide. As of December 31, 2018, it operated a fleet of 48 dry bulk carriers comprising 20 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.