Seanergy Maritime (NASDAQ:SHIP) Issues Earnings Results

Seanergy Maritime (NASDAQ:SHIP) announced its quarterly earnings data on Tuesday. The shipping company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07, Zacks reports. Seanergy Maritime had a net margin of 20.12% and a return on equity of 12.42%. The business had revenue of $44.36 million during the quarter, compared to analyst estimates of $42.10 million. During the same period last year, the firm posted ($0.28) EPS.

Seanergy Maritime Trading Down 5.0 %

SHIP traded down $0.49 during trading on Wednesday, reaching $9.31. The company had a trading volume of 386,873 shares, compared to its average volume of 248,926. Seanergy Maritime has a 52 week low of $4.87 and a 52 week high of $13.19. The stock has a market cap of $192.72 million, a P/E ratio of 6.71 and a beta of 0.65. The business has a 50 day simple moving average of $10.79 and a 200-day simple moving average of $10.64. The company has a quick ratio of 0.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.72.

Seanergy Maritime Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be given a $0.26 dividend. The ex-dividend date is Friday, December 27th. This is an increase from Seanergy Maritime’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 11.17%. Seanergy Maritime’s dividend payout ratio (DPR) is currently 68.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Noble Financial upgraded Seanergy Maritime to a “strong-buy” rating in a research report on Tuesday, July 23rd.

Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp.