Diana Shipping (NYSE:DSX - Get Free Report) issued its quarterly earnings results on Wednesday. The shipping company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.01, Zacks reports. Diana Shipping had a return on equity of 4.09% and a net margin of 9.36%. The firm had revenue of $54.69 million during the quarter, compared to the consensus estimate of $52.55 million.
Diana Shipping Stock Down 1.6%
Shares of DSX traded down $0.03 during trading hours on Friday, hitting $1.51. The stock had a trading volume of 104,730 shares, compared to its average volume of 287,284. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.58 and a quick ratio of 2.52. The firm has a 50 day simple moving average of $1.57 and a 200-day simple moving average of $1.63. The firm has a market capitalization of $174.23 million, a P/E ratio of 25.09 and a beta of 0.77. Diana Shipping has a 1-year low of $1.27 and a 1-year high of $2.63.
Diana Shipping Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.01 dividend. The ex-dividend date is Thursday, August 21st. This represents a $0.04 annualized dividend and a dividend yield of 2.7%. Diana Shipping's dividend payout ratio (DPR) is currently -400.00%.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Diana Shipping from a "sell" rating to a "hold" rating in a report on Saturday, May 24th.
Read Our Latest Analysis on DSX
Diana Shipping Company Profile
(
Get Free Report)
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.
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