Brokerages expect Seanergy Maritime Holdings Corp. (NASDAQ:SHIP – Get Rating) to report $30.19 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Seanergy Maritime’s earnings. The highest sales estimate is $30.20 million and the lowest is $30.17 million. Seanergy Maritime posted sales of $20.40 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 48%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Seanergy Maritime will report full-year sales of $154.55 million for the current fiscal year, with estimates ranging from $144.10 million to $164.99 million. For the next fiscal year, analysts forecast that the company will post sales of $157.37 million, with estimates ranging from $146.00 million to $168.73 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Seanergy Maritime.
Seanergy Maritime (NASDAQ:SHIP – Get Rating) last released its quarterly earnings results on Thursday, March 10th. The shipping company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.04. Seanergy Maritime had a return on equity of 22.76% and a net margin of 27.01%. The company had revenue of $56.70 million during the quarter, compared to analysts’ expectations of $52.24 million. During the same quarter in the prior year, the business posted ($0.02) earnings per share.
Several large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC boosted its position in shares of Seanergy Maritime by 9.5% in the 3rd quarter. Citadel Advisors LLC now owns 148,514 shares of the shipping company’s stock valued at $215,000 after purchasing an additional 12,824 shares during the period. Warberg Asset Management LLC acquired a new position in shares of Seanergy Maritime in the 3rd quarter valued at $29,000. Morgan Stanley boosted its position in shares of Seanergy Maritime by 610.6% in the 3rd quarter. Morgan Stanley now owns 30,755 shares of the shipping company’s stock valued at $45,000 after purchasing an additional 26,427 shares during the period. Ahrens Investment Partners LLC acquired a new position in shares of Seanergy Maritime in the 1st quarter valued at $40,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Seanergy Maritime by 22.0% in the 3rd quarter. Goldman Sachs Group Inc. now owns 337,622 shares of the shipping company’s stock valued at $490,000 after purchasing an additional 60,915 shares during the period. Institutional investors and hedge funds own 23.14% of the company’s stock.
Shares of NASDAQ:SHIP traded down $0.02 on Monday, hitting $1.04. The company’s stock had a trading volume of 1,834,797 shares, compared to its average volume of 3,169,167. Seanergy Maritime has a 12 month low of $0.79 and a 12 month high of $1.62. The company has a market capitalization of $159.27 million, a price-to-earnings ratio of 4.95 and a beta of 0.36. The stock’s 50-day moving average is $1.15 and its two-hundred day moving average is $1.07. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.52 and a current ratio of 0.54.
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 5th. Investors of record on Friday, March 25th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 24th. This represents a $0.10 annualized dividend and a yield of 9.62%. Seanergy Maritime’s dividend payout ratio is currently 47.62%.
About Seanergy Maritime (Get Rating)
Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of dry bulk commodities primarily iron ore and coal worldwide. It operates a fleet of 17 Capesize vessels with an average age of 12.1 years and aggregate cargo carrying capacity of 3,011,083 deadweight.
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