Equities research analysts expect that Diamond S Shipping Inc (NYSE:DSSI) will post sales of $116.26 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Diamond S Shipping’s earnings. The highest sales estimate is $117.12 million and the lowest is $115.40 million. The company is scheduled to issue its next quarterly earnings results 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 year, with estimates ranging from $512.43 million to $522.46 million. For the next year, analysts forecast that the business will report sales of $625.87 million, with estimates ranging from $622.11 million to $629.64 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Diamond S Shipping.
Diamond S Shipping (NYSE:DSSI) last released its earnings results on Tuesday, May 14th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $102.66 million during the quarter, compared to analysts’ expectations of $144.85 million.
Several equities analysts have weighed in on DSSI shares. Stifel Nicolaus raised Ted Baker from a “sell” rating to a “hold” rating in a research note on Tuesday, June 4th. B. Riley set a $14.00 target price on Senior Housing Properties Trust and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, Clarkson Capital started coverage on Global Ship Lease in a research note on Tuesday, April 9th. They issued a “buy” rating and a $9.00 target price on the stock.
NYSE:DSSI traded up $0.16 during mid-day trading on Friday, hitting $13.14. The company had a trading volume of 2,031 shares, compared to its average volume of 192,468. Diamond S Shipping has a fifty-two week low of $9.60 and a fifty-two week high of $14.26. The company has a fifty day moving average price of $12.09. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 0.68.
In other Diamond S Shipping news, CEO Craig H. Stevenson, Jr. purchased 39,215 shares of the stock in a transaction on Thursday, May 23rd. The stock was bought at an average cost of $12.52 per share, for a total transaction of $490,971.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Craig H. Stevenson, Jr. purchased 20,231 shares of the stock in a transaction on Tuesday, June 11th. The stock was acquired at an average price of $11.69 per share, with a total value of $236,500.39. The disclosure for this purchase can be found here. Insiders acquired 77,446 shares of company stock worth $926,192 in the last three months.
Several institutional investors have recently made changes to their positions in the business. CarVal Investors LLC bought a new position in shares of Diamond S Shipping during the first quarter worth about $27,041,000. Donald Smith & CO. Inc. bought a new position in shares of Diamond S Shipping during the first quarter worth about $5,123,000. Goodman Financial Corp bought a new position in shares of Diamond S Shipping during the first quarter worth about $992,000. Oaktree Capital Management LP bought a new position in shares of Diamond S Shipping during the first quarter worth about $836,000. Finally, Arrow Investment Advisors LLC bought a new position in shares of Diamond S Shipping during the first quarter worth about $235,000. Institutional investors own 56.46% of the company’s stock.
About Diamond S Shipping
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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