Diana Shipping (NYSE:DSX - Get Free Report) released its quarterly earnings results on Tuesday. The shipping company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02, Zacks reports. Diana Shipping had a net margin of 5.36% and a return on equity of 4.42%. The company had revenue of $57.07 million for the quarter, compared to analysts' expectations of $54.10 million.
Diana Shipping Trading Down 0.3 %
Shares of DSX traded down $0.01 during mid-day trading on Friday, hitting $1.87. The company had a trading volume of 217,250 shares, compared to its average volume of 326,253. The business's 50-day simple moving average is $1.86 and its 200-day simple moving average is $2.12. The company has a quick ratio of 2.04, a current ratio of 2.10 and a debt-to-equity ratio of 1.27. Diana Shipping has a 1-year low of $1.73 and a 1-year high of $3.22. The stock has a market cap of $233.41 million, a PE ratio of 62.19 and a beta of 1.05.
Diana Shipping Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Wednesday, March 12th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 2.14%. Diana Shipping's dividend payout ratio is presently -400.00%.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Diana Shipping from a "sell" rating to a "hold" rating in a research note on Tuesday, November 26th.
View Our Latest Stock Analysis on DSX
Diana Shipping Company Profile
(
Get Free Report)
Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.
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