DSX Stock Recent News

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

ATHENS, Greece, April 11, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced today that the Company will hold its 2024 Annual Meeting of Shareholders (the “Meeting”) at 8:00 a.m. Eastern Time on May 21, 2024 in virtual format only. All shareholders of record as of April 1, 2024, who wish to attend may do so by following the instructions included in the Notice of Annual Meeting of Shareholders and accompanying proxy statement which is available on the SEC website at https://www.sec.gov /edgar/browse/?CIK=1318885&owner=exclude or by referring to the Company's website at www.dianashippinginc.com.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Demand for dry bulk transportation is expected to grow due to supply constraints and robust demand for commodities. 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.

As the industry seeks to benefit from the upbeat LPG demand, investing in shipping stocks like TNK, DAC and DSX can be a prudent move.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Diana Shipping (DSX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Here is how Diana Shipping (DSX) and Euroseas Ltd. (ESEA) have performed compared to their sector so far this year.

Standing out in terms of value including enticing dividends, a few Zacks Transportaion-Shipping Industry stocks are making the case for being bargains and here are several to consider.

Diana Shipping (DSX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.