Equities analysis analysts predict that Diamond S Transport Inc. (NYSE:DSSI) will report gross sales of $90.61 million for the present quarter, Zacks experiences. Three analysts have made estimates for Diamond S Transport’s earnings, with the bottom gross sales estimate coming in at $78.15 million and the very best estimate coming in at $99.56 million. Diamond S Transport posted gross sales of $186.31 million throughout the identical quarter final 12 months, which suggests a damaging year-over-year development charge of 51.4%. The corporate is predicted to announce its subsequent quarterly earnings outcomes on Thursday, March 4th.
In accordance with Zacks, analysts anticipate that Diamond S Transport will report full 12 months gross sales of $596.49 million for the present 12 months, with estimates starting from $584.03 million to $605.44 million. For the subsequent fiscal 12 months, analysts anticipate that the corporate will put up gross sales of $537.07 million, with estimates starting from $501.20 million to $590.92 million. Zacks Funding Analysis’s gross sales averages are a median based mostly on a survey of sell-side analysts that comply with Diamond S Transport.
Diamond S Transport (NYSE:DSSI) final issued its quarterly earnings knowledge on Sunday, November 15th. The corporate reported ($0.24) earnings per share for the quarter, lacking analysts’ consensus estimates of ($0.21) by ($0.03). The corporate had income of $112.60 million for the quarter, in comparison with analysts’ expectations of $128.13 million. Diamond S Transport had a return on fairness of 8.84% and a internet margin of 15.49%.
A lot of brokerages just lately weighed in on DSSI. Zacks Funding Analysis minimize Diamond S Transport from a “maintain” score to a “promote” score in a analysis be aware on Tuesday, October 20th. ValuEngine upgraded Diamond S Transport from a “sturdy promote” score to a “promote” score in a analysis be aware on Tuesday, December 1st. Stifel Nicolaus decreased their price goal on Diamond S Transport from $17.00 to $14.00 and set a “purchase” score for the corporate in a analysis be aware on Monday, October 19th. Lastly, Jefferies Monetary Group decreased their price goal on Diamond S Transport from $12.00 to $11.00 and set a “purchase” score for the corporate in a analysis be aware on Monday, November 16th. Two funding analysts have rated the stock with a promote score, one has assigned a maintain score and three have given a purchase score to the corporate’s stock. The corporate has a consensus score of “Maintain” and a median price goal of $15.24.
Shares of NYSE DSSI opened at $7.59 on Monday. The corporate has a debt-to-equity ratio of 0.47, a present ratio of 1.19 and a fast ratio of 1.07. The stock has a market capitalization of $306.95 million, a P/E ratio of two.84 and a beta of 0.70. Diamond S Transport has a 1-year low of $5.31 and a 1-year excessive of $17.50. The enterprise has a fifty day transferring common price of $6.50 and a 200 day transferring common price of $7.86.
A number of massive traders have just lately made adjustments to their positions in DSSI. Prudential PLC bought a brand new place in shares of Diamond S Transport within the third quarter worth about $5,331,000. Donald Smith & CO. Inc. raised its stake in shares of Diamond S Transport by 27.2% within the third quarter. Donald Smith & CO. Inc. now owns 3,277,071 shares of the corporate’s stock worth $22,513,000 after buying a further 700,658 shares over the last quarter. Brandes Funding Companions LP bought a brand new place in shares of Diamond S Transport within the second quarter worth about $2,399,000. Prudential Monetary Inc. bought a brand new place in shares of Diamond S Transport within the second quarter worth about $2,144,000. Lastly, JPMorgan Chase & Co. raised its stake in shares of Diamond S Transport by 497.5% within the third quarter. JPMorgan Chase & Co. now owns 308,047 shares of the corporate’s stock worth $2,074,000 after buying a further 256,489 shares over the last quarter. Hedge funds and different institutional traders personal 63.69% of the corporate’s stock.
About Diamond S Transport
Diamond S Transport Inc gives seaborne transportation of crude oil, refined petroleum, and different merchandise within the worldwide transport markets. The corporate operates in two segments, Crude Tankers and Product Carriers. As of June 30, 2020, it owned and operated a fleet of 64 vessels, together with 13 Suezmax crude carriers, one Aframax crude provider, and 50 medium-range product carriers.
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