FY2024 Earnings Forecast for SHIP Issued By Noble Financial

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) – Equities research analysts at Noble Financial issued their FY2024 earnings per share estimates for shares of Seanergy Maritime in a research note issued 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 results on Tuesday, November 5th. The shipping company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.07. Seanergy Maritime had a return on equity of 19.01% and a net margin of 28.37%. The firm had revenue of $44.36 million during the quarter, compared to analyst estimates of $42.10 million. During the same quarter in the previous year, the firm earned ($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 Down 1.3 %

SHIP stock opened at $6.93 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 0.52. Seanergy Maritime has a 1-year low of $6.55 and a 1-year high of $13.19. The stock has a market capitalization of $143.45 million, a P/E ratio of 2.96 and a beta of 0.65. The business has a fifty day moving average price of $7.23 and a 200-day moving average price of $9.23.

Institutional Trading of Seanergy Maritime

A number of large investors have recently added to or reduced their stakes in SHIP. Millennium Management LLC lifted its holdings in shares of Seanergy Maritime by 193.6% in the 2nd quarter. Millennium Management LLC now owns 359,347 shares of the shipping company’s stock valued at $3,547,000 after acquiring an additional 236,941 shares during the last quarter. Marshall Wace LLP grew its position in Seanergy Maritime by 316.2% in the 2nd quarter. Marshall Wace LLP now owns 213,503 shares of the shipping company’s stock valued at $2,107,000 after acquiring an additional 162,201 shares during the last quarter. Walleye Capital LLC increased its stake in Seanergy Maritime by 8.4% in the 3rd 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 purchased a new position in shares of Seanergy Maritime during the third quarter worth approximately $383,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Seanergy Maritime during the 2nd quarter worth $213,000. Institutional investors own 29.36% of the company’s stock.

Seanergy Maritime Company Profile

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.