SHIP Stock Gets Stronger EPS Forecast from Noble Financial

Key Points

• Noble Financial raised Seanergy Maritime’s Q3 2026 EPS forecast to $0.85 from $0.76 and projected Q4 EPS of $0.85; the full-year consensus estimate is $3.33 per share.
• Analyst sentiment remains favorable, with three Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and a $25 price target.
• Seanergy’s latest quarterly results exceeded expectations, reporting $1.32 EPS versus a $1.05 estimate and $55.69 million in revenue; institutional investors own 29.36% of the stock.

Seanergy Maritime Holdings Corp (NASDAQ:SHIP - Free Report) - Equities research analysts at Noble Financial upped their Q3 2026 earnings per share estimates for Seanergy Maritime in a research report issued to clients and investors on Friday, October 23rd. Noble Financial analyst M. Reichman now expects that the shipping company will post earnings of $0.85 per share for the quarter, up from their prior estimate of $0.76. The consensus estimate for Seanergy Maritime's current full-year earnings is $3.33 per share. Noble Financial also issued estimates for Seanergy Maritime's Q4 2026 earnings at $0.85 EPS.

SHIP has been the topic of several other reports. Zacks Research cut shares of Seanergy Maritime from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 29th. B. Riley Financial boosted their price target on shares of Seanergy Maritime from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, July 31st. Finally, Weiss Ratings upgraded shares of Seanergy Maritime from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.00.

Seanergy Maritime Price Performance

NASDAQ:SHIP opened at $15.91 on Tuesday. Seanergy Maritime has a 1-year low of $8.16 and a 1-year high of $19.22. The company has a 50-day moving average of $17.32 and a 200 day moving average of $14.79. The firm has a market cap of $332.52 million, a PE ratio of 5.56 and a beta of 0.99.

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

Hedge Funds Weigh In On Seanergy Maritime

Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its stake in Seanergy Maritime by 15.8% in the 1st quarter. Renaissance Technologies LLC now owns 652,300 shares of the shipping company's stock worth $8,421,000 after purchasing an additional 88,800 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Seanergy Maritime by 26.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 82,557 shares of the shipping company's stock worth $1,066,000 after purchasing an additional 17,274 shares during the last quarter. Cetera Investment Advisers grew its position in Seanergy Maritime by 4.2% during the 1st quarter. Cetera Investment Advisers now owns 20,504 shares of the shipping company's stock worth $265,000 after purchasing an additional 829 shares during the last quarter. Navellier & Associates Inc. acquired a new position in Seanergy Maritime during the 2nd quarter valued at approximately $355,000. Finally, Bank of America Corp DE increased its stake in Seanergy Maritime by 5.8% during the 1st quarter. Bank of America Corp DE now owns 159,972 shares of the shipping company's stock valued at $2,065,000 after purchasing an additional 8,800 shares in the last quarter. Institutional investors and hedge funds own 29.36% of the company's stock.

Insider Activity

In other Seanergy Maritime news, insider Stavros Gyftakis sold 2,835 shares of the firm's stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $17.52, for a total value of $49,669.20. Following the completion of the sale, the insider 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christina Anagnostara sold 15,000 shares of the business's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $17.19, for a total value of $257,850.00. Following the sale, the director owned 178,239 shares in the company, valued at $3,063,928.41. The trade was a 7.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.70% of the company's stock.

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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