$0.04 EPS Expected for Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) This Quarter

Brokerages forecast that Seanergy Maritime Holdings Corp. (NASDAQ:SHIPGet Rating) will report earnings per share of $0.04 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Seanergy Maritime’s earnings. The highest EPS estimate is $0.05 and the lowest is $0.03. Seanergy Maritime posted earnings per share of ($0.01) during the same quarter last year, which suggests a positive year over year growth rate of 500%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Seanergy Maritime will report full year earnings of $0.33 per share for the current year, with EPS estimates ranging from $0.28 to $0.38. For the next fiscal year, analysts forecast that the company will report earnings of $0.43 per share, with EPS estimates ranging from $0.32 to $0.53. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Seanergy Maritime.

Seanergy Maritime (NASDAQ:SHIPGet Rating) last announced its earnings results on Thursday, March 10th. The shipping company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.10 by $0.04. The business had revenue of $56.70 million for the quarter, compared to the consensus estimate of $52.24 million. Seanergy Maritime had a return on equity of 22.76% and a net margin of 27.01%. During the same period last year, the business posted ($0.02) EPS.

Several brokerages recently commented on SHIP. StockNews.com began coverage on Seanergy Maritime in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded Seanergy Maritime from a “sell” rating to a “hold” rating in a report on Wednesday, March 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Seanergy Maritime currently has an average rating of “Buy” and a consensus target price of $1.75.

Shares of NASDAQ:SHIP opened at $1.10 on Friday. The company has a market cap of $168.46 million, a P/E ratio of 5.24 and a beta of 0.37. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.52 and a current ratio of 0.54. Seanergy Maritime has a one year low of $0.79 and a one year high of $1.62. The business’s 50-day simple moving average is $1.13 and its 200 day simple moving average is $1.05.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 5th. Shareholders of record on Friday, March 25th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 24th. This represents a $0.10 dividend on an annualized basis and a yield of 9.09%. Seanergy Maritime’s dividend payout ratio (DPR) is presently 47.62%.

A number of hedge funds and other institutional investors have recently modified their holdings of SHIP. Citadel Advisors LLC acquired a new stake in Seanergy Maritime during the 2nd quarter valued at approximately $152,000. Millennium Management LLC acquired a new position in shares of Seanergy Maritime in the 2nd quarter worth approximately $347,000. Commonwealth Equity Services LLC acquired a new position in shares of Seanergy Maritime in the 3rd quarter worth approximately $194,000. Skandinaviska Enskilda Banken AB publ grew its position in shares of Seanergy Maritime by 21,600.0% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,356,250 shares of the shipping company’s stock worth $1,967,000 after acquiring an additional 1,350,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Seanergy Maritime by 22.0% in the 3rd quarter. Goldman Sachs Group Inc. now owns 337,622 shares of the shipping company’s stock worth $490,000 after acquiring an additional 60,915 shares in the last quarter. Hedge funds and other institutional investors own 4.42% of the company’s stock.

About Seanergy Maritime (Get Rating)

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of dry bulk commodities primarily iron ore and coal worldwide. It operates a fleet of 17 Capesize vessels with an average age of 12.1 years and aggregate cargo carrying capacity of 3,011,083 deadweight.

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