Diana Shipping (NYSE:DSX) Issues Earnings Results

Diana Shipping (NYSE:DSX) issued its quarterly earnings results on Friday, July 31st. The shipping company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.14, Zacks reports. Diana Shipping had a return on equity of 7.55% and a net margin of 27.88%.The company had revenue of $57.29 million for the quarter, compared to analysts’ expectations of $54.60 million.

Diana Shipping Price Performance

Shares of NYSE DSX traded up $0.01 during mid-day trading on Wednesday, reaching $3.00. The company had a trading volume of 1,506,699 shares, compared to its average volume of 812,549. The company has a 50-day moving average price of $2.52 and a two-hundred day moving average price of $2.47. The stock has a market cap of $373.85 million, a PE ratio of 6.26 and a beta of 0.51. The company has a current ratio of 2.05, a quick ratio of 2.01 and a debt-to-equity ratio of 0.92. Diana Shipping has a 1-year low of $1.57 and a 1-year high of $3.09.

Diana Shipping Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 21st were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, August 21st. Diana Shipping’s payout ratio is presently 8.33%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DSX. Wall Street Zen raised Diana Shipping from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Diana Shipping in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

About Diana Shipping

Diana Shipping Inc (NYSE: DSX) is a global shipping company that owns and operates dry bulk vessels. Its fleet transports major commodities, including iron ore, grain, and coal, as well as other dry bulk cargoes used in international trade.

The company’s vessels primarily operate under time charter and voyage charter arrangements with customers around the world. Diana Shipping serves a broad range of international trade routes, connecting commodity producers, exporters, and importers across the major shipping regions.

Founded in 1999, Diana Shipping is headquartered in Athens, Greece, and has been listed on the New York Stock Exchange since 2005.