Seanergy Maritime (SHIP) to Release Earnings on Wednesday

Seanergy Maritime (NASDAQ:SHIP - Get Free Report) will be releasing its earnings data before the market opens on Wednesday, May 15th. Analysts expect Seanergy Maritime to post earnings of $0.28 per share for the quarter. Investors interested in listening to the company's earnings conference call can do so using this link.

Seanergy Maritime (NASDAQ:SHIP - Get Free Report) last issued its quarterly earnings results on Friday, March 15th. The shipping company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.41. The business had revenue of $39.43 million during the quarter, compared to analyst estimates of $33.90 million. Seanergy Maritime had a return on equity of 2.70% and a net margin of 1.68%. On average, analysts expect Seanergy Maritime to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Seanergy Maritime Price Performance

Shares of NASDAQ SHIP traded down $0.06 during mid-day trading on Friday, reaching $10.55. The company's stock had a trading volume of 293,277 shares, compared to its average volume of 319,075. The stock has a fifty day moving average of $9.03 and a two-hundred day moving average of $7.68. The firm has a market capitalization of $207.20 million, a PE ratio of 150.71 and a beta of 0.75. Seanergy Maritime has a 52 week low of $4.03 and a 52 week high of $10.76. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.36 and a quick ratio of 0.34.

Seanergy Maritime Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Monday, March 25th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.95%. Seanergy Maritime's payout ratio is 142.86%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com upgraded Seanergy Maritime from a "hold" rating to a "buy" rating in a report on Monday, March 18th. B. Riley increased their price objective on shares of Seanergy Maritime from $11.00 to $13.00 and gave the company a "buy" rating in a research report on Wednesday, April 10th. Finally, Noble Financial boosted their target price on shares of Seanergy Maritime from $10.00 to $12.00 and gave the stock an "outperform" rating in a report on Monday, March 18th.

About Seanergy Maritime

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp.