Seanergy Maritime (NASDAQ:SHIP - Get Free Report) announced its quarterly earnings data on Thursday. The shipping company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.26), Zacks reports. Seanergy Maritime had a return on equity of 19.01% and a net margin of 28.37%. The firm had revenue of $41.68 million for the quarter, compared to analysts' expectations of $39.90 million.
Seanergy Maritime Stock Performance
Seanergy Maritime stock traded down $0.21 during trading hours on Monday, reaching $6.88. 264,781 shares of the company were exchanged, compared to its average volume of 266,702. Seanergy Maritime has a 12 month low of $6.55 and a 12 month high of $13.19. The company has a current ratio of 1.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72. The stock has a 50-day moving average of $6.96 and a 200 day moving average of $8.70. The firm has a market cap of $142.41 million, a price-to-earnings ratio of 2.94 and a beta of 0.45.
Seanergy Maritime Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date of this dividend is Thursday, March 27th. Seanergy Maritime's payout ratio is 18.96%.
Wall Street Analyst Weigh In
SHIP has been the subject of several research reports. StockNews.com lowered Seanergy Maritime from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Maxim Group reduced their target price on shares of Seanergy Maritime from $17.00 to $11.00 and set a "buy" rating for the company in a research note on Monday, February 3rd.
Get Our Latest Stock Analysis on SHIP
Seanergy Maritime Company Profile
(
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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.
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