Brokerages predict that Diamond S Shipping Inc (NYSE:DSSI) will post $116.26 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Diamond S Shipping’s earnings. The lowest sales estimate is $115.40 million and the highest is $117.12 million. The company is expected to issue its next quarterly earnings report on Tuesday, August 13th.
On average, 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 financial 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 an average based on a survey of research firms that cover Diamond S Shipping.
Diamond S Shipping (NYSE:DSSI) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The firm had revenue of $102.66 million during the quarter, compared to analysts’ expectations of $144.85 million.
Shares of DSSI opened at $11.37 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. Diamond S Shipping has a 12-month low of $9.60 and a 12-month high of $14.26.
In other news, CEO Craig H. Stevenson, Jr. acquired 20,231 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were bought at an average cost of $11.69 per share, with a total value of $236,500.39. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Craig H. Stevenson, Jr. acquired 39,215 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average cost of $12.52 per share, for a total transaction of $490,971.80. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 77,446 shares of company stock worth $926,192.
A number of institutional investors have recently made changes to their positions in DSSI. Arrow Investment Advisors LLC purchased a new position in Diamond S Shipping in the 1st quarter worth approximately $235,000. California Public Employees Retirement System purchased a new position in Diamond S Shipping in the 1st quarter worth approximately $295,000. Raymond James & Associates purchased a new position in Diamond S Shipping in the 1st quarter worth approximately $253,000. CarVal Investors LLC purchased a new position in Diamond S Shipping in the 1st quarter worth approximately $27,041,000. Finally, JPMorgan Chase & Co. purchased a new position in Diamond S Shipping in the 1st quarter worth approximately $1,978,000. 56.46% of the stock is currently owned by institutional investors and hedge funds.
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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