Diana Shipping (NYSE:DSX) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Diana Shipping (NYSE:DSX) posted its quarterly earnings results on Thursday. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01), RTT News reports. Diana Shipping had a net margin of 5.36% and a return on equity of 4.42%. The company had revenue of $54.90 million during the quarter, compared to analysts’ expectations of $51.30 million.

Diana Shipping Stock Up 5.4%

DSX opened at $1.46 on Friday. Diana Shipping has a 12 month low of $1.27 and a 12 month high of $3.07. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 2.04. The business has a 50-day moving average of $1.48 and a two-hundred day moving average of $1.74. The stock has a market capitalization of $168.45 million, a price-to-earnings ratio of 48.52 and a beta of 0.72.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Diana Shipping from a “sell” rating to a “hold” rating in a research report on Saturday, May 24th.

Diana Shipping Company Profile

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 March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.