FY2024 Earnings Estimate for SHIP Issued By Noble Financial

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) – Noble Financial issued their FY2024 earnings per share estimates for shares of Seanergy Maritime in a report released on Wednesday, January 29th. Noble Financial analyst M. Reichman anticipates that the shipping company will earn $2.00 per share for the year. The consensus estimate for Seanergy Maritime’s current full-year earnings is $2.01 per share. Noble Financial also issued estimates for Seanergy Maritime’s Q4 2024 earnings at $0.21 EPS.

Seanergy Maritime (NASDAQ:SHIP) last posted its quarterly earnings data on Tuesday, November 5th. The shipping company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. The firm had revenue of $44.36 million for the quarter, compared to the consensus estimate of $42.10 million. Seanergy Maritime had a net margin of 28.37% and a return on equity of 19.01%. During the same period in the prior year, the firm posted ($0.28) EPS.

Separately, StockNews.com lowered Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 13th.

Seanergy Maritime Stock Up 1.0 %

NASDAQ:SHIP opened at $7.02 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.52 and a current ratio of 1.99. The company has a market capitalization of $145.31 million, a price-to-earnings ratio of 3.00 and a beta of 0.65. Seanergy Maritime has a one year low of $6.55 and a one year high of $13.19. The stock has a 50-day simple moving average of $7.25 and a 200 day simple moving average of $9.25.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Millennium Management LLC raised its position in shares of Seanergy Maritime by 193.6% during the second quarter. Millennium Management LLC now owns 359,347 shares of the shipping company’s stock worth $3,547,000 after purchasing an additional 236,941 shares during the period. Marshall Wace LLP lifted its holdings in shares of Seanergy Maritime by 316.2% in the second quarter. Marshall Wace LLP now owns 213,503 shares of the shipping company’s stock valued at $2,107,000 after purchasing an additional 162,201 shares in the last quarter. Walleye Capital LLC boosted its position in shares of Seanergy Maritime by 8.4% in the third quarter. Walleye Capital LLC now owns 480,336 shares of the shipping company’s stock worth $5,966,000 after buying an additional 37,288 shares during the period. MML Investors Services LLC acquired a new stake in shares of Seanergy Maritime in the third quarter worth $383,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Seanergy Maritime during the second quarter valued at $213,000. 29.36% of the stock is owned by institutional investors and hedge funds.

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.