Seanergy Maritime (NASDAQ:SHIP) Issues Earnings Results

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

Seanergy Maritime Stock Up 1.5 %

NASDAQ SHIP traded up $0.14 on Thursday, reaching $9.56. The company had a trading volume of 66,748 shares, compared to its average volume of 248,465. The firm has a 50-day moving average of $10.75 and a 200-day moving average of $10.63. Seanergy Maritime has a 1 year low of $4.87 and a 1 year high of $13.19. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.55 and a quick ratio of 0.52. The firm has a market capitalization of $197.89 million, a PE ratio of 6.50 and a beta of 0.65.

Seanergy Maritime Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Seanergy Maritime’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 10.88%. Seanergy Maritime’s payout ratio is 68.97%.

Wall Street Analysts Forecast Growth

SHIP has been the subject of a number of research analyst reports. Noble Financial raised shares of Seanergy Maritime to a “strong-buy” rating in a research report on Tuesday, July 23rd. StockNews.com downgraded shares of Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

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.