Diana Shipping's Leveraged Balance Sheet And Inferior Fleet Specifications Make It A Hold [Seeking Alpha]
Diana Shipping inc. common stock (DSX)
Last diana shipping inc. common stock earnings: 2/21 07:53 am
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US:NYSE Investor Relations:
dianashippinginc.com/investors
Company Research
Source: Seeking Alpha
So, dry bulk shipping stocks remain attractive. Diana Shipping reported declining revenue and profits in FY23, although the company maintains adequate margins and ROE and distributes an attractive dividend. On the other hand, DSX is not the best option to bet on a dry bulk theme, considering its leveraged balance sheet and declining revenue projections. I give DSX stock a hold rating due to its inferior fleet specs and risk of dividend cuts. Note: I previously covered Diana Shipping ( NYSE: DSX ). In my previous take, I discussed the company's fleet, balance sheet, profitability, and relative valuation. In today's article, I dissect the last earning report, update the company's valuation, and review its rating. DSX fleet DSX fleet includes 40 vessels (inc. MV Houston): 4 Newcastlemax, 9 Capesize, 5 Post Panamax, 6 Kamsarmax, 6 Panamax, and 9 Ultramax. Since my last article in December, the DSX agreed to sell two vessels: in 2009, it built Capesize MV Houston for $23.3 mill
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DSX
News
- Diana Shipping Inc. Announces Time Charter Contract for m/v Leto With ASLGlobeNewswire
- Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Phoenix With Bulk Trading SAGlobeNewswire
- Should Value Investors Buy Diana Shipping (DSX) Stock? [Yahoo! Finance]Yahoo! Finance
- Diana Shipping Inc. Announces Time Charter Contract for m/v P. S. PaliosGlobeNewswire
- Diana Shipping Inc. Announces Date for Its 2024 Annual Meeting of Shareholders [Yahoo! Finance]Yahoo! Finance
DSX
Earnings
- 2/23/24 - Beat
DSX
Sec Filings
- 4/25/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/11/24 - Form 6-K
- DSX's page on the SEC website