United Maritime (NASDAQ:USEA) Issues Earnings Results

United Maritime (NASDAQ:USEA) posted its earnings results on Tuesday. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.10), Yahoo Finance reports. United Maritime had a return on equity of 11.19% and a net margin of 15.63%. The business had revenue of $12.44 million for the quarter.

United Maritime Stock Performance

Shares of NASDAQ USEA remained flat at $2.45 during midday trading on Friday. 3,157 shares of the stock were exchanged, compared to its average volume of 44,007. The company has a market cap of $21.29 million, a price-to-earnings ratio of 7.90 and a beta of 0.54. United Maritime has a 1 year low of $2.01 and a 1 year high of $3.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.35 and a current ratio of 0.36. The firm has a fifty day simple moving average of $2.59 and a 200 day simple moving average of $2.63.

United Maritime Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Friday, September 27th will be given a $0.075 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 12.24%. United Maritime’s dividend payout ratio (DPR) is currently 96.77%.

Wall Street Analysts Forecast Growth

Separately, Maxim Group upgraded shares of United Maritime to a “strong-buy” rating in a research report on Thursday, June 27th.

United Maritime Company Profile

United Maritime Corporation, a shipping company, offers seaborne transportation services worldwide. It operates a fleet of eight dry bulk vessels comprising three Panamax, three Capesize, and two Kamsarmax vessels with an aggregate cargo-carrying capacity of approximately 922,054 dwt. The company was incorporated in 2022 and is based in Glyfada, Greece.