$0.37 EPS Expected for Diana Shipping Inc. (NYSE:DSX) This Quarter

Equities analysts expect Diana Shipping Inc. (NYSE:DSXGet Rating) to post earnings per share (EPS) of $0.37 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Diana Shipping’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.40. Diana Shipping posted earnings of $0.02 per share during the same quarter last year, which indicates a positive year over year growth rate of 1,750%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Diana Shipping will report full-year earnings of $1.52 per share for the current fiscal year, with EPS estimates ranging from $1.46 to $1.58. For the next financial year, analysts anticipate that the business will report earnings of $1.34 per share, with EPS estimates ranging from $0.90 to $1.59. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Diana Shipping.

Diana Shipping (NYSE:DSXGet Rating) last announced its earnings results on Tuesday, May 24th. The shipping company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. Diana Shipping had a return on equity of 10.32% and a net margin of 26.79%. During the same period last year, the company posted ($0.03) EPS.

A number of equities analysts have weighed in on DSX shares. StockNews.com lowered Diana Shipping from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Zacks Investment Research upgraded Diana Shipping from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 1st. TheStreet upgraded Diana Shipping from a “d+” rating to a “c-” rating in a research report on Tuesday, March 1st. Finally, Jefferies Financial Group began coverage on Diana Shipping in a research report on Wednesday, April 27th. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $6.63.

Shares of NYSE DSX opened at $6.09 on Thursday. The firm has a market capitalization of $557.45 million, a P/E ratio of 9.67 and a beta of 1.03. The company has a quick ratio of 1.84, a current ratio of 1.93 and a debt-to-equity ratio of 0.97. The stock’s 50-day simple moving average is $5.14 and its two-hundred day simple moving average is $4.52. Diana Shipping has a twelve month low of $3.31 and a twelve month high of $6.49.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 17th. Stockholders of record on Monday, June 6th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 3rd. This is a positive change from Diana Shipping’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 16.42%. Diana Shipping’s dividend payout ratio is 126.99%.

Institutional investors have recently made changes to their positions in the company. Toroso Investments LLC boosted its holdings in Diana Shipping by 89.5% during the 1st quarter. Toroso Investments LLC now owns 23,132 shares of the shipping company’s stock valued at $125,000 after acquiring an additional 10,922 shares during the period. Walleye Capital LLC purchased a new stake in Diana Shipping during the 1st quarter valued at about $563,000. Walleye Trading LLC purchased a new stake in Diana Shipping during the 1st quarter valued at about $98,000. Quantbot Technologies LP purchased a new stake in Diana Shipping during the 1st quarter valued at about $120,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Diana Shipping by 187.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 186,727 shares of the shipping company’s stock valued at $1,008,000 after acquiring an additional 121,773 shares during the period. Hedge funds and other institutional investors own 36.88% of the company’s stock.

About Diana Shipping (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 April 13, 2022, it operated a fleet of 35 dry bulk vessels, including 4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax.

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