What is Noble Financial’s Estimate for SHIP FY2024 Earnings?

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 report issued on Wednesday, January 29th. Noble Financial analyst M. Reichman anticipates that the shipping company will post earnings per share of $2.00 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.

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 Price Performance

Shares of NASDAQ SHIP opened at $6.93 on Friday. The firm has a 50-day moving average of $7.23 and a two-hundred day moving average of $9.23. The company has a market capitalization of $143.45 million, a price-to-earnings ratio of 2.96 and a beta of 0.65. The company has a current ratio of 1.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72. Seanergy Maritime has a twelve month low of $6.55 and a twelve month high of $13.19.

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

Institutional Investors Weigh In On Seanergy Maritime

A number of institutional investors and hedge funds have recently modified their holdings of SHIP. R Squared Ltd acquired a new position in shares of Seanergy Maritime in the 4th quarter valued at $25,000. Quarry LP lifted its stake in Seanergy Maritime by 77.9% during the third quarter. Quarry LP now owns 3,017 shares of the shipping company’s stock valued at $37,000 after buying an additional 1,321 shares in the last quarter. Trueblood Wealth Management LLC acquired a new position in shares of Seanergy Maritime in the fourth quarter worth about $97,000. D.A. Davidson & CO. purchased a new position in shares of Seanergy Maritime in the third quarter worth approximately $179,000. Finally, PDT Partners LLC acquired a new stake in shares of Seanergy Maritime during the third quarter valued at approximately $194,000. 29.36% of the stock is owned by institutional investors and hedge funds.

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.