Research Analysts Set Expectations for SHIP FY2026 Earnings

Key Points

• Noble Financial raised its FY2026 EPS estimate for Seanergy Maritime to $3.44 from $3.29, above the current consensus estimate of $3.33.
• Analyst sentiment remains favorable, with three Buy ratings and one Hold rating; the stock has a “Moderate Buy” consensus rating and a $25 average price target.
• Seanergy recently increased its quarterly dividend to $0.35 per share, equivalent to a 8.9% annualized yield, while its latest quarterly earnings beat expectations at $1.32 EPS versus $1.05 forecast.

Seanergy Maritime Holdings Corp (NASDAQ:SHIP - Free Report) - Stock analysts at Noble Financial raised their FY2026 EPS estimates for shares of Seanergy Maritime in a research note issued to investors on Friday, October 23rd. Noble Financial analyst M. Reichman now anticipates that the shipping company will earn $3.44 per share for the year, up from their prior estimate of $3.29. The consensus estimate for Seanergy Maritime's current full-year earnings is $3.33 per share.

Several other research analysts have also weighed in on SHIP. Zacks Research lowered Seanergy Maritime from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 29th. B. Riley Financial upped their target price on Seanergy Maritime from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, Weiss Ratings raised Seanergy Maritime from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Seanergy Maritime currently has an average rating of "Moderate Buy" and a consensus price target of $25.00.

Seanergy Maritime Stock Performance

Shares of SHIP opened at $15.79 on Monday. The firm's fifty day simple moving average is $17.38 and its two-hundred day simple moving average is $16.02. Seanergy Maritime has a 12 month low of $8.14 and a 12 month high of $19.22. The stock has a market capitalization of $330.01 million, a P/E ratio of 5.52 and a beta of 0.99.

Seanergy Maritime (NASDAQ:SHIP - Get Free Report) last announced its earnings results on Thursday, July 30th. The shipping company reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.27. The business had revenue of $55.69 million during the quarter, compared to the consensus estimate of $53.90 million. Seanergy Maritime had a net margin of 30.68% and a return on equity of 21.87%.

Hedge Funds Weigh In On Seanergy Maritime

A number of institutional investors and hedge funds have recently made changes to their positions in SHIP. Renaissance Technologies LLC raised its stake in Seanergy Maritime by 15.8% during the 1st quarter. Renaissance Technologies LLC now owns 652,300 shares of the shipping company's stock worth $8,421,000 after buying an additional 88,800 shares during the period. R Squared Ltd boosted its holdings in Seanergy Maritime by 59.3% in the first quarter. R Squared Ltd now owns 29,062 shares of the shipping company's stock worth $375,000 after acquiring an additional 10,816 shares in the last quarter. Sigma Planning Corp bought a new position in Seanergy Maritime in the third quarter worth approximately $919,000. Vision Financial Markets LLC bought a new position in Seanergy Maritime in the third quarter worth approximately $28,000. Finally, NewEdge Advisors LLC acquired a new stake in Seanergy Maritime in the second quarter valued at approximately $289,000. Institutional investors own 29.36% of the company's stock.

Insider Buying and Selling at Seanergy Maritime

In other Seanergy Maritime news, Director Christina Anagnostara sold 15,000 shares of the firm's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $17.19, for a total value of $257,850.00. Following the completion of the sale, the director directly owned 178,239 shares in the company, valued at approximately $3,063,928.41. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stavros Gyftakis sold 2,835 shares of Seanergy Maritime stock in a transaction on Monday, October 5th. The shares were sold at an average price of $17.52, for a total transaction of $49,669.20. Following the completion of the sale, the insider directly owned 230,340 shares of the company's stock, valued at approximately $4,035,556.80. This trade represents a 1.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.70% of the stock is owned by corporate insiders.

Seanergy Maritime Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were paid a dividend of $0.35 per share. This is a boost from Seanergy Maritime's previous quarterly dividend of $0.20. This represents a $1.40 annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend was Friday, September 25th. Seanergy Maritime's payout ratio is currently 48.95%.

About Seanergy Maritime

Seanergy Maritime Holdings Corp. is a Greece-based international shipping company that owns and operates dry bulk vessels, with a primary focus on Capesize ships. These large vessels transport major dry bulk commodities, including iron ore, coal and grain, for industrial and commercial customers around the world.

The company generates revenue by chartering its vessels to global commodity producers, traders and other shipping customers. Depending on market conditions and customer requirements, its ships may operate under spot-market, voyage charter or time-charter arrangements.

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