Seanergy Maritime (NASDAQ:SHIP) Releases Earnings Results, Misses Expectations By $0.26 EPS

Seanergy Maritime (NASDAQ:SHIP) announced its earnings results on Thursday. The shipping company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.26), Zacks reports. Seanergy Maritime had a net margin of 28.37% and a return on equity of 19.01%.

Seanergy Maritime Stock Up 2.1 %

Shares of NASDAQ SHIP traded up $0.15 during mid-day trading on Thursday, reaching $7.05. The company had a trading volume of 193,619 shares, compared to its average volume of 266,017. The stock has a fifty day moving average of $6.96 and a two-hundred day moving average of $8.78. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.52 and a current ratio of 1.99. The company has a market capitalization of $145.82 million, a price-to-earnings ratio of 3.02 and a beta of 0.45. Seanergy Maritime has a 12-month low of $6.55 and a 12-month high of $13.19.

Analyst Ratings Changes

Several research firms have recently weighed in on SHIP. Maxim Group reduced their price objective on shares of Seanergy Maritime from $17.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. StockNews.com lowered shares of Seanergy Maritime from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th.

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.