Seanergy Maritime (NASDAQ:SHIP) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Seanergy Maritime (NASDAQ:SHIP) announced its quarterly earnings data on Tuesday. The shipping company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.54 by $0.07, Zacks reports. The business had revenue of $44.36 million during the quarter, compared to analysts’ expectations of $42.10 million. Seanergy Maritime had a net margin of 20.12% and a return on equity of 12.42%. During the same period in the previous year, the business posted ($0.28) EPS.

Seanergy Maritime Price Performance

Shares of SHIP stock traded up $0.19 during trading hours on Thursday, hitting $9.61. 344,360 shares of the company’s stock were exchanged, compared to its average volume of 249,751. Seanergy Maritime has a fifty-two week low of $4.87 and a fifty-two week high of $13.19. The firm has a market cap of $198.93 million, a P/E ratio of 6.50 and a beta of 0.65. The company has a quick ratio of 0.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $10.75 and a two-hundred day moving average of $10.63.

Seanergy Maritime Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, December 27th. This is a boost from Seanergy Maritime’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.82%. Seanergy Maritime’s dividend payout ratio (DPR) is 68.97%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SHIP shares. StockNews.com lowered shares of Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Noble Financial upgraded Seanergy Maritime to a “strong-buy” rating in a research note on Tuesday, July 23rd.

About Seanergy Maritime

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp.