Analysts expect Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) to report $0.07 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Seanergy Maritime’s earnings. Seanergy Maritime posted earnings per share of ($1.05) in the same quarter last year, which indicates a positive year-over-year growth rate of 106.7%. The company is scheduled to report its next quarterly earnings report on Tuesday, March 17th.
According to Zacks, analysts expect that Seanergy Maritime will report full year earnings of ($0.77) per share for the current financial year. For the next fiscal year, analysts forecast that the business will post earnings of $0.80 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Seanergy Maritime.
Seanergy Maritime (NASDAQ:SHIP) last announced its quarterly earnings data on Tuesday, November 5th. The shipping company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.23). Seanergy Maritime had a negative net margin of 20.98% and a negative return on equity of 80.98%. The company had revenue of $23.96 million during the quarter.
Several equities research analysts recently weighed in on SHIP shares. Maxim Group reaffirmed a “buy” rating on shares of Seanergy Maritime in a research note on Friday, November 1st. Zacks Investment Research cut Seanergy Maritime from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, ValuEngine cut Seanergy Maritime from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.
Shares of SHIP remained flat at $$0.50 during mid-day trading on Friday. The stock had a trading volume of 150,409 shares, compared to its average volume of 121,217. The stock has a market cap of $13.85 million, a price-to-earnings ratio of -0.09 and a beta of 0.89. The business has a 50-day simple moving average of $0.51 and a 200-day simple moving average of $0.56. Seanergy Maritime has a 52-week low of $0.45 and a 52-week high of $8.85.
Several large investors have recently made changes to their positions in SHIP. Morgan Stanley bought a new position in shares of Seanergy Maritime during the second quarter valued at $27,000. Verition Fund Management LLC bought a new position in shares of Seanergy Maritime during the second quarter valued at $261,000. Anson Funds Management LP bought a new position in shares of Seanergy Maritime during the second quarter valued at $163,000. Finally, Virtu Financial LLC bought a new position in shares of Seanergy Maritime during the third quarter valued at $27,000. 8.42% of the stock is currently owned by hedge funds and other institutional investors.
About Seanergy Maritime
Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of April 4, 2019, it owned a fleet of 10 Capesizes with a cargo-carrying capacity of approximately 1,748,581 deadweight tons and an average fleet age of 10 years.
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