Seanergy Maritime (NASDAQ:SHIP) Announces Quarterly Earnings Results, Misses Expectations By $0.29 EPS

Seanergy Maritime (NASDAQ:SHIP) announced its quarterly earnings results on Thursday. The shipping company reported ($0.98) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.69) by ($0.29), Morningstar.com reports. Seanergy Maritime had a negative return on equity of 87.88% and a negative net margin of 27.56%. The company had revenue of $18.76 million for the quarter, compared to analyst estimates of $19.27 million.

NASDAQ:SHIP traded up $0.01 during midday trading on Friday, hitting $0.55. 71,940 shares of the company were exchanged, compared to its average volume of 820,884. The stock has a fifty day moving average of $0.61. Seanergy Maritime has a fifty-two week low of $0.50 and a fifty-two week high of $16.35.

Several equities research analysts recently commented on the stock. Noble Financial reiterated a “buy” rating and set a $1.60 price target on shares of Seanergy Maritime in a research note on Tuesday, July 23rd. Zacks Investment Research upgraded shares of Seanergy Maritime from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a research note on Wednesday, May 22nd. ValuEngine upgraded shares of Seanergy Maritime from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Maxim Group reiterated a “buy” rating and set a $4.00 price target (down from $10.00) on shares of Seanergy Maritime in a research note on Wednesday, May 22nd.

About Seanergy Maritime

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of April 4, 2019, it owned a fleet of 10 Capesizes with a cargo-carrying capacity of approximately 1,748,581 deadweight tons and an average fleet age of 10 years.

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Earnings History for Seanergy Maritime (NASDAQ:SHIP)

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