Brokers Offer Predictions for SHIP Q3 Earnings

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) – Equities researchers at Noble Financial issued their Q3 2024 earnings per share estimates for Seanergy Maritime in a report released on Tuesday, October 15th. Noble Financial analyst M. Reichman forecasts that the shipping company will post earnings per share of $0.52 for the quarter. Noble Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Seanergy Maritime’s current full-year earnings is $2.10 per share. Noble Financial also issued estimates for Seanergy Maritime’s Q4 2024 earnings at $0.57 EPS and FY2024 earnings at $2.27 EPS.

Seanergy Maritime (NASDAQ:SHIP) last released its earnings results on Tuesday, August 6th. The shipping company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.14. The firm had revenue of $43.13 million during the quarter, compared to analyst estimates of $40.69 million. Seanergy Maritime had a return on equity of 12.42% and a net margin of 20.12%. During the same period last year, the business posted $0.05 earnings per share.

Separately, StockNews.com downgraded Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 13th.

Seanergy Maritime Trading Up 2.5 %

NASDAQ:SHIP opened at $10.65 on Thursday. The firm has a market cap of $220.46 million, a PE ratio of 7.34 and a beta of 0.65. The company has a current ratio of 0.55, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average price of $11.08 and a 200 day moving average price of $10.52. Seanergy Maritime has a 12-month low of $4.87 and a 12-month high of $13.19.

Institutional Trading of Seanergy Maritime

A number of institutional investors have recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC purchased a new stake in Seanergy Maritime during the 2nd quarter worth about $213,000. Millennium Management LLC increased 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 in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Seanergy Maritime by 217.9% during the second quarter. Cubist Systematic Strategies LLC now owns 126,976 shares of the shipping company’s stock worth $1,253,000 after purchasing an additional 87,028 shares in the last quarter. Marshall Wace LLP increased its position in shares of Seanergy Maritime by 316.2% during the second quarter. Marshall Wace LLP now owns 213,503 shares of the shipping company’s stock worth $2,107,000 after purchasing an additional 162,201 shares in the last quarter. Finally, XTX Topco Ltd increased its position in shares of Seanergy Maritime by 99.6% during the second quarter. XTX Topco Ltd now owns 38,885 shares of the shipping company’s stock worth $384,000 after purchasing an additional 19,401 shares in the last quarter. 29.36% of the stock is owned by hedge funds and other institutional investors.

Seanergy Maritime Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Friday, September 27th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.39%. This is an increase from Seanergy Maritime’s previous quarterly dividend of $0.03. The ex-dividend date was Friday, September 27th. Seanergy Maritime’s payout ratio is 68.97%.

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.