Eneti Inc. (NASDAQ:NETI – Get Rating) declared a quarterly dividend on Friday, May 13th, Wall Street Journal reports. Investors of record on Monday, May 23rd will be given a dividend of 0.01 per share on Wednesday, June 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Friday, May 20th.
Shares of NASDAQ:NETI opened at $6.71 on Wednesday. Eneti has a 12-month low of $4.81 and a 12-month high of $21.60. The company’s 50 day moving average price is $6.25 and its two-hundred day moving average price is $7.34.
Eneti (NASDAQ:NETI – Get Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The company reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.49) by ($0.45). Eneti had a negative net margin of 10.80% and a negative return on equity of 7.53%. The company had revenue of $16.52 million during the quarter, compared to analyst estimates of $19.22 million. During the same period in the prior year, the firm earned ($0.36) earnings per share.
Several brokerages have commented on NETI. Jefferies Financial Group upgraded shares of Eneti from a “hold” rating to a “buy” rating and lowered their price objective for the company from $21.00 to $10.00 in a research report on Friday, January 21st. Zacks Investment Research upgraded Eneti from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Wednesday. Finally, Citigroup assumed coverage on Eneti in a research report on Friday, February 11th. They issued a “buy” rating and a $10.00 target price on the stock. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $13.63.
About Eneti (Get Rating)
Eneti Inc engages in the offshore wind and marine-based renewable energy businesses. It owns and operates five wind turbine installation vessels. The company was formerly known as Scorpio Bulkers Inc and changed its name to Eneti Inc in February 2021. Eneti Inc was incorporated in 2013 and is based in Monaco.
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