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

Posted by Stacy Sanders on Nov 8th, 2024

Seanergy Maritime (NASDAQ:SHIP – Get Free Report) posted its quarterly earnings data on Tuesday. The shipping company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07, Zacks reports. The business had revenue of $44.36 million during the quarter, compared to analyst estimates of $42.10 million. Seanergy Maritime had a net margin of 28.37% and a return on equity of 19.43%. During the same quarter in the previous year, the business posted ($0.28) earnings per share.

Seanergy Maritime Price Performance

SHIP opened at $9.61 on Friday. 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 has a 52-week low of $4.87 and a 52-week high of $13.19. The company has a 50 day moving average of $10.72 and a two-hundred day moving average of $10.62. The company has a market cap of $198.93 million, a P/E ratio of 4.11 and a beta of 0.65.

Seanergy Maritime Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.26 per share. This is an increase from Seanergy Maritime’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 10.82%. The ex-dividend date is Friday, December 27th. Seanergy Maritime’s payout ratio is currently 42.74%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SHIP shares. StockNews.com downgraded shares of Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Noble Financial upgraded shares of Seanergy Maritime to a “strong-buy” rating in a report on Tuesday, July 23rd.

View Our Latest Stock Report on Seanergy Maritime

About Seanergy Maritime

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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.