Seanergy Maritime (NASDAQ:SHIP) Issues Quarterly Earnings Results

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

Seanergy Maritime Price Performance

SHIP stock traded down $0.45 during mid-day trading on Wednesday, hitting $9.35. The company had a trading volume of 380,150 shares, compared to its average volume of 248,824. The company has a 50-day moving average price of $10.79 and a 200 day moving average price of $10.64. Seanergy Maritime has a 12-month low of $4.87 and a 12-month high of $13.19. The company has a market capitalization of $193.55 million, a price-to-earnings ratio of 6.71 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.

Seanergy Maritime Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 11.12%. This is a boost from Seanergy Maritime’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, December 27th. Seanergy Maritime’s dividend payout ratio (DPR) is presently 68.97%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com lowered Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Noble Financial raised Seanergy Maritime to a “strong-buy” rating in a research note on Tuesday, July 23rd.

Seanergy Maritime Company Profile

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.