United Maritime (NASDAQ:USEA) Issues Quarterly Earnings Results

United Maritime (NASDAQ:USEA) released its quarterly earnings data on Tuesday. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.10), Yahoo Finance reports. United Maritime had a net margin of 8.02% and a return on equity of 5.68%. The company had revenue of $12.44 million for the quarter.

United Maritime Trading Up 0.4 %

USEA stock traded up $0.01 during mid-day trading on Wednesday, reaching $2.42. The company had a trading volume of 43,855 shares, compared to its average volume of 44,056. United Maritime has a 12 month low of $2.01 and a 12 month high of $3.00. The company has a market capitalization of $21.04 million, a PE ratio of 7.77 and a beta of 0.54. The firm has a 50 day moving average of $2.60 and a 200 day moving average of $2.63. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.36 and a quick ratio of 0.35.

United Maritime Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Friday, September 27th will be issued a dividend of $0.075 per share. The ex-dividend date is Friday, September 27th. This represents a $0.30 dividend on an annualized basis and a yield of 12.40%. United Maritime’s payout ratio is 96.77%.

Wall Street Analysts Forecast Growth

Separately, Maxim Group upgraded shares of United Maritime to a “strong-buy” rating in a report on Thursday, June 27th.

About United Maritime

United Maritime Corporation, a shipping company, offers seaborne transportation services worldwide. It operates a fleet of eight dry bulk vessels comprising three Panamax, three Capesize, and two Kamsarmax vessels with an aggregate cargo-carrying capacity of approximately 922,054 dwt. The company was incorporated in 2022 and is based in Glyfada, Greece.