Wall Street analysts predict that Diamond S Shipping Inc (NYSE:DSSI) will announce $116.26 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Diamond S Shipping’s earnings. The highest sales estimate is $117.12 million and the lowest is $115.40 million. The business is scheduled to issue its next quarterly earnings report on Tuesday, August 13th.
According to Zacks, analysts expect that Diamond S Shipping will report full year sales of $517.44 million for the current financial year, with estimates ranging from $512.43 million to $522.46 million. For the next year, analysts expect that the business will report sales of $625.87 million, with estimates ranging from $622.11 million to $629.64 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Diamond S Shipping.
Diamond S Shipping (NYSE:DSSI) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The firm had revenue of $102.66 million for the quarter, compared to the consensus estimate of $144.85 million.
A number of brokerages recently issued reports on DSSI. Clarkson Capital began coverage on shares of Global Ship Lease in a research note on Tuesday, April 9th. They issued a “buy” rating and a $9.00 price target on the stock. Stifel Nicolaus raised Ted Baker from a “sell” rating to a “hold” rating in a research report on Tuesday, June 4th. Finally, B. Riley set a $14.00 target price on Senior Housing Properties Trust and gave the stock a “buy” rating in a research report on Thursday, April 4th.
Diamond S Shipping stock traded up $0.16 during mid-day trading on Friday, reaching $13.11. The stock had a trading volume of 123,760 shares, compared to its average volume of 299,591. The company’s 50-day moving average price is $12.10. Diamond S Shipping has a one year low of $9.60 and a one year high of $14.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.86.
In other Diamond S Shipping news, SVP Michael G. Fogarty bought 18,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was acquired at an average price of $11.04 per share, with a total value of $198,720.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Craig H. Stevenson, Jr. bought 20,231 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was acquired at an average cost of $11.69 per share, with a total value of $236,500.39. The disclosure for this purchase can be found here. In the last three months, insiders acquired 77,446 shares of company stock valued at $926,192.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oaktree Capital Management LP bought a new position in shares of Diamond S Shipping during the 1st quarter valued at approximately $836,000. Donald Smith & CO. Inc. purchased a new position in shares of Diamond S Shipping during the first quarter valued at $5,123,000. Goodman Financial Corp purchased a new position in shares of Diamond S Shipping during the first quarter valued at $992,000. CarVal Investors LLC purchased a new position in shares of Diamond S Shipping during the first quarter valued at $27,041,000. Finally, Arrow Investment Advisors LLC purchased a new position in shares of Diamond S Shipping during the first quarter valued at $235,000. 56.46% of the stock is owned by hedge funds and other institutional investors.
Diamond S Shipping Company Profile
Diamond S Shipping Inc operates as a shipping company. The company operates through two segments, Crude Tankers and Product Tankers. It provides seaborne transportation of crude oil, refined petroleum, and other production. As of March 28, 2019, it owned and operated a fleet of 68 vessels, including 15 Suezmax vessels, 1 Aframax, and 52 medium-range product tankers.
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