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Diana Shipping Inc (DSX)
NYSE:DSX
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.02Last Year’s EPS
$0.05Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 25, 2024
|% Change Since: -13.06%
|Next Earnings Date:Feb 21, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While the company demonstrated strong fleet utilization, financial flexibility, and commitment to ESG initiatives, it faces challenges with decreased revenues, higher operating expenses, and economic uncertainties in key markets like China.Company Guidance
During the Diana Shipping Inc. Q3 2024 earnings call, guidance was provided on several key metrics and strategic plans. The company secured period employment for nine vessels, achieving an average rate higher than previous fixtures. Diana Shipping operates a fleet of 38 dry bulk vessels, with a fleet utilization rate of 99.7% over the first nine months of 2024. Financially, the company maintained a net debt at 37% of market value, supported by $186.8 million in cash reserves and total secured revenues of approximately $135.3 million as of November 19, 2024. They issued $150 million in senior unsecured bonds maturing in July 2029 and secured multiple term loan facilities to refinance existing debt. Diana Shipping also declared a quarterly cash dividend of $0.01 per common share. Furthermore, the company emphasized its commitment to ESG initiatives and fleet modernization, aiming to deliver two methanol dual-fuel Kamsarmax vessels in late 2027 and early 2028.Fleet Utilization and Management
Fleet utilization reached 99.7% in the first nine months of 2024, indicating effective vessel management.
Financial Flexibility and Debt Management
Net debt stands at 37% of market value, supported by USD 186.8 million in cash reserves. The company has no maturities up to 2029, providing a favorable debt profile.
ESG Initiatives and Sustainability Commitment
Released the fifth consecutive ESG report, highlighting commitment to eco-friendly technologies and fleet modernization.
Successful Refinancing and Bond Issuance
Issued $150 million senior unsecured bonds maturing in 2029, and completed a $25 million tap issue, boosting the total outstanding amount to USD 175 million.
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DSX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DSX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 25, 2024 | $2.13 | $1.89 | -11.27% |
| Jul 31, 2024 | $2.59 | $2.45 | -5.41% |
| May 28, 2024 | $2.96 | $2.86 | -3.38% |
| Feb 23, 2024 | $2.68 | $2.72 | +1.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Diana Shipping Inc (DSX) report earnings?
Diana Shipping Inc (DSX) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Diana Shipping Inc (DSX) earnings time?
Diana Shipping Inc (DSX) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DSX EPS forecast?
DSX EPS forecast for the fiscal quarter 2024 (Q4) is $0.02.
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