What is Noble Financial's Estimate for SHIP FY2024 Earnings?

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Free Report) - Investment analysts at Noble Financial issued their FY2024 earnings per share (EPS) estimates for Seanergy Maritime in a research note issued on Wednesday, January 29th. Noble Financial analyst M. Reichman expects that the shipping company will post earnings of $2.00 per share for the year. The consensus estimate for Seanergy Maritime's current full-year earnings is $2.01 per share. Noble Financial also issued estimates for Seanergy Maritime's Q4 2024 earnings at $0.21 EPS.

Seanergy Maritime (NASDAQ:SHIP - Get Free Report) last issued its earnings results on Tuesday, November 5th. The shipping company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.07. Seanergy Maritime had a net margin of 28.37% and a return on equity of 19.01%. The business had revenue of $44.36 million during the quarter, compared to analysts' expectations of $42.10 million. During the same quarter in the prior year, the business posted ($0.28) EPS.

Separately, StockNews.com downgraded shares of Seanergy Maritime from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, November 13th.

Seanergy Maritime Trading Up 1.0 %

SHIP opened at $7.02 on Friday. The firm has a market cap of $145.31 million, a price-to-earnings ratio of 3.00 and a beta of 0.65. Seanergy Maritime has a 52 week low of $6.55 and a 52 week high of $13.19. The business's 50 day moving average is $7.25 and its two-hundred day moving average is $9.25. The company has a quick ratio of 0.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.72.

Hedge Funds Weigh In On Seanergy Maritime

Institutional investors and hedge funds have recently bought and sold shares of the stock. Walleye Capital LLC grew its holdings in shares of Seanergy Maritime by 8.4% during the 3rd quarter. Walleye Capital LLC now owns 480,336 shares of the shipping company's stock worth $5,966,000 after purchasing an additional 37,288 shares during the period. Millennium Management LLC grew its stake in Seanergy Maritime by 193.6% during the second quarter. Millennium Management LLC now owns 359,347 shares of the shipping company's stock worth $3,547,000 after buying an additional 236,941 shares during the period. Marshall Wace LLP raised its stake in shares of Seanergy Maritime by 316.2% in the 2nd quarter. Marshall Wace LLP now owns 213,503 shares of the shipping company's stock valued at $2,107,000 after acquiring an additional 162,201 shares during the period. XTX Topco Ltd boosted its position in Seanergy Maritime by 3.7% during the 3rd quarter. XTX Topco Ltd now owns 40,332 shares of the shipping company's stock worth $501,000 after purchasing an additional 1,447 shares during the period. Finally, MML Investors Services LLC purchased a new position in Seanergy Maritime in the third quarter valued at about $383,000. Institutional investors and hedge funds own 29.36% of the company's stock.

Seanergy Maritime Company Profile

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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