$0.09 EPS Expected for Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) This Quarter

Brokerages expect that Seanergy Maritime Holdings Corp. (NASDAQ:SHIP – Get Rating) will announce $0.09 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Seanergy Maritime’s earnings. The highest EPS estimate is $0.11 and the lowest is $0.07. Seanergy Maritime posted earnings per share of $0.01 in the same quarter last year, which would indicate a positive year over year growth rate of 800%. The company is expected to report its next earnings report on Monday, January 1st.

On average, analysts expect that Seanergy Maritime will report full year earnings of $0.40 per share for the current fiscal year, with EPS estimates ranging from $0.38 to $0.41. For the next fiscal year, analysts anticipate that the company will post earnings of $0.43 per share, with EPS estimates ranging from $0.32 to $0.53. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Seanergy Maritime.

Seanergy Maritime (NASDAQ:SHIP – Get Rating) last issued its quarterly earnings results on Tuesday, May 31st. The shipping company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Seanergy Maritime had a return on equity of 24.73% and a net margin of 28.54%. During the same period in the prior year, the company earned ($0.01) EPS.

SHIP has been the topic of several research reports. Noble Financial restated an “outperform” rating and set a $1.50 price objective on shares of Seanergy Maritime in a report on Friday, May 20th. StockNews.com began coverage on Seanergy Maritime in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research lowered Seanergy Maritime from a “buy” rating to a “hold” rating in a report on Friday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $1.81.

Shares of Seanergy Maritime stock opened at $1.18 on Friday. The company has a market cap of $180.71 million, a price-to-earnings ratio of 4.92 and a beta of 0.37. Seanergy Maritime has a 1 year low of $0.79 and a 1 year high of $1.62. The company’s fifty day simple moving average is $1.13 and its 200-day simple moving average is $1.06. The company has a current ratio of 0.54, a quick ratio of 0.52 and a debt-to-equity ratio of 0.63.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Tuesday, June 28th will be paid a $0.025 dividend. The ex-dividend date is Monday, June 27th. This represents a $0.10 dividend on an annualized basis and a yield of 8.47%. Seanergy Maritime’s payout ratio is currently 41.67%.

A number of hedge funds and other institutional investors have recently bought and sold shares of SHIP. Citadel Advisors LLC bought a new stake in Seanergy Maritime in the second quarter valued at $152,000. Millennium Management LLC bought a new stake in Seanergy Maritime in the second quarter valued at $347,000. Goldman Sachs Group Inc. grew its position in Seanergy Maritime by 22.0% in the third quarter. Goldman Sachs Group Inc. now owns 337,622 shares of the shipping company’s stock valued at $490,000 after acquiring an additional 60,915 shares during the period. Renaissance Technologies LLC bought a new stake in Seanergy Maritime during the third quarter worth about $4,378,000. Finally, GSA Capital Partners LLP grew its stake in Seanergy Maritime by 22.4% during the third quarter. GSA Capital Partners LLP now owns 498,692 shares of the shipping company’s stock worth $723,000 after buying an additional 91,179 shares during the last quarter. 4.42% of the stock is currently owned by institutional investors and hedge funds.

Seanergy Maritime Company Profile (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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