Seanergy Maritime (NASDAQ:SHIP) Issues Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Seanergy Maritime (NASDAQ:SHIP - Get Free Report) posted its quarterly earnings data on Tuesday. The shipping company reported ($0.34) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.10, Zacks reports. The business had revenue of $24.21 million for the quarter, compared to analysts' expectations of $23.13 million. Seanergy Maritime had a net margin of 28.37% and a return on equity of 19.01%.

Seanergy Maritime Stock Down 1.4%

Shares of NASDAQ:SHIP traded down $0.09 during trading on Thursday, hitting $6.21. 153,221 shares of the company were exchanged, compared to its average volume of 223,353. The stock has a market cap of $126.52 million, a price-to-earnings ratio of 2.65 and a beta of 0.20. Seanergy Maritime has a fifty-two week low of $4.78 and a fifty-two week high of $12.80. The firm has a fifty day moving average price of $5.84 and a two-hundred day moving average price of $6.81. The company has a current ratio of 1.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72.

Seanergy Maritime Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, July 10th. Shareholders of record on Friday, June 27th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, June 27th. Seanergy Maritime's dividend payout ratio (DPR) is 18.96%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Maxim Group cut their price objective on shares of Seanergy Maritime from $17.00 to $11.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Wall Street Zen lowered Seanergy Maritime from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th.

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.