Diana Shipping (DSX) reported quarterly earnings results on Wednesday, May-18-2016. The company reported $-0.41 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06. Analysts had a consensus of $-0.35. The company posted revenue of $30.80 million in the period, compared to analysts expectations of $28.75 million. The company’s revenue was down -26.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.15 EPS.
Many Wall Street Analysts have commented on Diana Shipping. Shares were Downgraded by Deutsche Bank on Mar 9, 2016 to ” Sell” and Lowered the Price Target to $ 1.50 from a previous price target of $4 .
Diana Shipping (DSX) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $2.69 and reached the intraday high at $2.85. The bulls started the profit booking and pushed the shares to intraday low of $2.63. The trading session was marked by a volume range of 4,96,135 shares exchanging hands. The 52-week high of the shares is $8.27 and the 52-week low is $1.9466. The market cap of the company stands at $225 M and there are 8,25,46,017 shares in public circulation.
Diana Shipping Inc. is a holding company. The Company is a provider of shipping transportation services. It specializes in the ownership of dry bulk vessels. Its fleet consists of approximately 40 dry bulk vessels including two Newcastlemax 12 Capesize three Post-Panamax three Kamsarmax and 20 Panamax. It specializes in transporting dry bulk cargoes including commodities such as iron ore coal grain and other materials along shipping routes around the world. The Company wholly owns directly or indirectly the subsidiaries which own the vessels that comprise its fleet. It holds an interest in Diana Containerships Inc. a provider of shipping transportation services through its ownership of containerships which owns and operates eleven container vessels including four Post-Panamax and seven Panamax. Its vessels include Danae Dione Erato Leto Myrto Boston Los Angeles and Alcmeme among others.