FY2024 EPS Estimates for Seanergy Maritime Cut by B. Riley

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) – Research analysts at B. Riley cut their FY2024 earnings per share (EPS) estimates for shares of Seanergy Maritime in a research report issued to clients and investors on Tuesday, January 28th. B. Riley analyst L. Burke now anticipates that the shipping company will post earnings per share of $2.01 for the year, down from their prior estimate of $2.10. The consensus estimate for Seanergy Maritime’s current full-year earnings is $2.10 per share. B. Riley also issued estimates for Seanergy Maritime’s Q4 2024 earnings at $0.22 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 Trading Up 1.0 %

Seanergy Maritime stock opened at $7.02 on Wednesday. Seanergy Maritime has a 52 week low of $6.55 and a 52 week high of $13.19. 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 firm has a market capitalization of $145.31 million, a price-to-earnings ratio of 3.00 and a beta of 0.65. The company has a 50 day moving average price of $7.25 and a 200 day moving average price of $9.25.

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

Institutional Investors Weigh In On Seanergy Maritime

Several large investors have recently made changes to their positions in the company. Marshall Wace LLP raised its holdings in shares of Seanergy Maritime by 316.2% during the 2nd quarter. Marshall Wace LLP now owns 213,503 shares of the shipping company’s stock valued at $2,107,000 after purchasing an additional 162,201 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in Seanergy Maritime by 217.9% during the second quarter. Cubist Systematic Strategies LLC now owns 126,976 shares of the shipping company’s stock valued at $1,253,000 after buying an additional 87,028 shares in the last quarter. Millennium Management LLC lifted its position in shares of Seanergy Maritime by 193.6% in the second quarter. Millennium Management LLC now owns 359,347 shares of the shipping company’s stock worth $3,547,000 after buying an additional 236,941 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Seanergy Maritime during the 2nd quarter valued at about $213,000. Finally, D.A. Davidson & CO. bought a new position in shares of Seanergy Maritime in the 3rd quarter valued at approximately $179,000. 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.