Jefferies Financial Group Comments on Diana Shipping Inc.’s Q1 2022 Earnings (NYSE:DSX)

Diana Shipping Inc. (NYSE:DSXGet Rating) – Research analysts at Jefferies Financial Group raised their Q1 2022 earnings per share estimates for shares of Diana Shipping in a research report issued on Wednesday, April 27th. Jefferies Financial Group analyst R. Giveans now expects that the shipping company will earn $0.29 per share for the quarter, up from their previous estimate of $0.21. Jefferies Financial Group has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for Diana Shipping’s Q2 2022 earnings at $0.38 EPS, Q3 2022 earnings at $0.43 EPS, Q4 2022 earnings at $0.41 EPS and FY2023 earnings at $1.47 EPS.

Diana Shipping (NYSE:DSXGet Rating) last released its earnings results on Friday, February 25th. The shipping company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. Diana Shipping had a net margin of 26.79% and a return on equity of 10.32%. The firm had revenue of $68.02 million for the quarter, compared to the consensus estimate of $65.81 million. During the same quarter in the previous year, the firm earned ($0.08) earnings per share.

A number of other research firms have also recently weighed in on DSX. Zacks Investment Research upgraded shares of Diana Shipping from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 1st. StockNews.com assumed coverage on shares of Diana Shipping in a research report on Thursday, March 31st. They set a “buy” rating for the company. Finally, TheStreet raised shares of Diana Shipping from a “d+” rating to a “c-” rating in a research note on Tuesday, March 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.63.

Shares of Diana Shipping stock opened at $4.88 on Friday. Diana Shipping has a 1 year low of $3.31 and a 1 year high of $6.36. The firm’s 50-day moving average is $4.92 and its two-hundred day moving average is $4.50. The stock has a market cap of $446.69 million, a price-to-earnings ratio of 7.75 and a beta of 0.99.

Several hedge funds and other institutional investors have recently modified their holdings of the company. TownSquare Capital LLC lifted its holdings in shares of Diana Shipping by 36.7% in the first quarter. TownSquare Capital LLC now owns 61,676 shares of the shipping company’s stock valued at $333,000 after buying an additional 16,565 shares during the period. Vestmark Advisory Solutions Inc. boosted its stake in Diana Shipping by 11.1% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 53,465 shares of the shipping company’s stock valued at $289,000 after purchasing an additional 5,348 shares during the period. Counterpoint Mutual Funds LLC boosted its stake in Diana Shipping by 140.2% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 16,248 shares of the shipping company’s stock valued at $88,000 after purchasing an additional 9,484 shares during the period. Kestra Advisory Services LLC boosted its stake in Diana Shipping by 13.1% during the 1st quarter. Kestra Advisory Services LLC now owns 20,456 shares of the shipping company’s stock valued at $110,000 after purchasing an additional 2,373 shares during the period. Finally, Lesa Sroufe & Co lifted its position in shares of Diana Shipping by 2.5% in the 1st quarter. Lesa Sroufe & Co now owns 629,948 shares of the shipping company’s stock worth $2,236,000 after acquiring an additional 15,209 shares during the period. Institutional investors and hedge funds own 21.79% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Monday, March 21st. Investors of record on Wednesday, March 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 16.39%. The ex-dividend date of this dividend was Tuesday, March 8th. Diana Shipping’s dividend payout ratio (DPR) is presently 126.99%.

Diana Shipping Company Profile (Get Rating)

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 February 16, 2022, it operated a fleet of 34 dry bulk vessels, including 4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax.

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