FY2025 EPS Estimate for Seanergy Maritime Lowered by Analyst

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) – Equities researchers at B. Riley reduced their FY2025 EPS estimates for Seanergy Maritime in a research note issued on Tuesday, January 28th. B. Riley analyst L. Burke now anticipates that the shipping company will earn $0.38 per share for the year, down from their previous forecast of $1.53. The consensus estimate for Seanergy Maritime’s current full-year earnings is $2.10 per share.

Seanergy Maritime (NASDAQ:SHIP) last issued its quarterly earnings results on Tuesday, November 5th. The shipping company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. Seanergy Maritime had a return on equity of 19.01% and a net margin of 28.37%. The company had revenue of $44.36 million during the quarter, compared to the consensus estimate of $42.10 million. During the same period last year, the business posted ($0.28) earnings per share.

Separately, StockNews.com lowered shares of Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 13th.

Seanergy Maritime Trading Up 0.9 %

NASDAQ SHIP opened at $6.95 on Thursday. The stock has a market capitalization of $143.87 million, a price-to-earnings ratio of 2.97 and a beta of 0.65. 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 one year low of $6.55 and a one year high of $13.19. The business’s fifty day moving average is $7.28 and its 200-day moving average is $9.26.

Seanergy Maritime Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, December 27th. This is an increase from Seanergy Maritime’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 14.96%. Seanergy Maritime’s dividend payout ratio is 44.44%.

Institutional Trading of Seanergy Maritime

Several hedge funds and other institutional investors have recently modified their holdings of SHIP. Millennium Management LLC raised its holdings in Seanergy Maritime by 193.6% during 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 period. Cubist Systematic Strategies LLC lifted its holdings in Seanergy Maritime by 217.9% during the 2nd 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 boosted its position in shares of Seanergy Maritime by 316.2% in the second 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 period. MML Investors Services LLC bought a new position in shares of Seanergy Maritime in the third quarter worth $383,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Seanergy Maritime in the 2nd quarter valued at about $213,000. Institutional investors own 29.36% of the company’s stock.

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.