GLYFADA, Greece, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) (the “Company” or “Seanergy”) announced that it has successfully completed the strategic sale of its Capesize vessel, M/V Geniuship, further optimizing its fleet and enhancing liquidity. The Company also reported the expiration of its Class E warrants on August 20, 2025. Upon the expiration of these warrants, Seanergy has no outstanding warrants or other convertible securities. Sale of M/V Geniuship The M/V G ...

In the latest close session, Seanergy Maritime Holdings Corp (SHIP) was up +2.58% at $9.16. The stock's performance was ahead of the S&P 500's daily loss of 0.29%. Elsewhere, the Dow lost 0.37%, while the tech-heavy Nasdaq lost 0.34%. Heading into today, shares of the company had gained 11.21% over the past month, outpacing the Transportation sector's loss of 1.62% and the S&P 500's gain of 3.08%.Analysts and investors alike will be keeping a close eye on the performance of Seanergy Maritime Holdings Corp i ...

Company Performance - Seanergy Maritime Holdings Corp closed at $8.66, with a daily increase of +2.61%, outperforming the S&P 500's gain of 0.85% [1] - Prior to the recent trading day, the company's shares had increased by 14.05%, surpassing the Transportation sector's gain of 0.8% and the S&P 500's gain of 2.38% [1] Upcoming Earnings - The company is expected to report earnings of $0.32 per share, reflecting a year-over-year decline of 53.62% [2] - Revenue is projected at $41.72 million, down 5.94% from the same quarter last year [2] Annual Forecast - For the entire year, earnings are forecasted at $0.63 per share, indicating a decline of 73.53% compared to the previous year [3] - Revenue for the year is estimated at $146.75 million, down 12.37% year-over-year [3] Analyst Estimates - Recent changes to analyst estimates are crucial for investors, as they reflect near-term business trends [3] - Positive estimate revisions are seen as a sign of optimism regarding the business outlook [3] Valuation Metrics - The company has a Forward P/E ratio of 13.4, which is a premium compared to the industry average of 10.55 [6] - The Transportation - Shipping industry holds a Zacks Industry Rank of 182, placing it in the bottom 27% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have generated an average annual return of +25% since 1988 [5] - Currently, Seanergy Maritime Holdings Corp has a Zacks Rank of 3 (Hold) [5]

I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for Pric ...

Company Overview - Seanergy Maritime Holdings Corp. operates a fleet of 21 capesize dry bulk ships [1] - The company is currently trading at a discount compared to some peers in the sector, attributed to the age of its fleet [1] Investment Perspective - The focus is on long-term investing in stocks that are trading at or below their fair value [1] - The analysis aims to identify opportunities arising from market inefficiencies, referred to as mistakes made by 'Mr. Market' [1]

Seanergy Maritime Holdings Corp (SHIP) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +200.00%. A quarter ago, it was expected that this company would post a loss of $0.44 per share when it actually produced a loss of $0.27, delivering a surprise of +38.64%. Over the last four quart ...

Financial Data and Key Metrics Changes - In Q2 2025, the company recorded a net income of $2.9 million on net revenues of $37.5 million, a significant improvement from the first quarter driven by stronger daily time charter equivalent [6][14] - Adjusted EBITDA for Q2 was $18.3 million, approximately $10 million lower than the previous year, reflecting the ability to navigate a volatile market [14][17] - For the first half of 2025, net revenue totaled $61.7 million with an adjusted EBITDA of $26.3 million, resulting in a net loss of $4 million [15][17] Business Line Data and Key Metrics Changes - The fleet achieved an average time charter equivalent of approximately $19,800 per day in Q2, surpassing the Baltic Capesize Index by 6% [11][17] - Seven out of the 21 vessels were fixed at profitable levels of approximately $22,400 per day, providing strong earnings visibility for the second half of the year [12][13] Market Data and Key Metrics Changes - The Baltic Capesize Index averaged $18,700 in Q2, a significant increase from $13,000 in Q1, indicating market resilience despite macroeconomic uncertainty [5][6] - Capesize ton mile demand increased by 6% in the first half of 2025, driven by higher iron ore and bauxite exports from the Atlantic Basin [23][24] Company Strategy and Development Direction - The company is focused on a disciplined capital return strategy, having returned approximately $89 million to shareholders since Q4 2020, including $44.2 million in cash dividends and $45.2 million in share repurchases [8][9] - The company aims to capitalize on the positive long-term story of the Capesize market through selective fleet growth and disciplined capital returns [28] Management Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about achieving profitability for the full year, citing improving fundamentals in the Capesize segment [15][17] - The company anticipates further improvement in financial performance as it transitions into the seasonally stronger second half of the year [6][7] Other Important Information - The company has maintained a disciplined fleet loan-to-value ratio of approximately 50% while growing its fleet by 97% in deadweight terms since 2020 [7][19] - The outstanding debt at the end of Q2 was $312 million, with a debt-to-capital ratio marginally above 50% [16][19] Q&A Session Summary Question: Why is the Capesize segment showing resilience despite a decline in coal imports in China? - Management noted that the decline in coal imports has been compensated by higher iron ore and bauxite shipments, supporting the Capesize segment [31] Question: What is the strategy for locking in rates for the fleet? - Management confirmed they will continue to lock in rates dynamically, depending on market conditions, with expectations to lock between 25% to 75% of the fleet [32] Question: What are the expectations for operational off-hire days in the upcoming quarters? - Management expects around 90 to 120 off-hire days for dry dockings in the second half, with half of those in Q3 and around 60 to 70 days in Q4 [36][37] Question: Is bauxite becoming a larger portion of the fleet's cargo? - Management indicated that the cargo mix is balanced, with approximately 40% coal, 40% iron ore, and 20% bauxite [41] Question: How does the aging fleet and low order book impact growth opportunities? - Management acknowledged limited opportunities in the second-hand market but expressed a preference for identifying and locking in new tonnage despite the challenges [47] Question: What is affecting the operating cash flow? - Management attributed the decline in operating cash flow primarily to timing of working capital and payments for dry dockings [51]

Declares Quarterly Cash Dividend of $0.05 Per Share | Highlights | | | | | | --- | --- | --- | --- | --- | | (in million USD, except EPS) | Q2 2025 | Q2 2024 | 6M 2025 | 6M 2024 | | Net Revenues | $37.5 | $43.1 | $61.7 | $81.4 | | Net income / (loss) | $2.9 | $14.1 | ($4.0) | $24.3 | | Adjusted net income / (loss) | $3.8 | $16.0 | ($1.7) | $27.6 | | EBITDA | $17.4 | $25.8 | $24.0 | $47.4 | | Adjusted EBITDA | $18.3 | $28.0 | $26.3 | $51.2 | | Earnings / (loss) per share Basic and Diluted | $0.14 | $0.68 | ( ...

Earnings Release: Tuesday, August 5, 2025, Before Market Open in New York Conference Call and Webcast: Tuesday, August 5, 2025, at 9:00 a.m. Eastern Time GLYFADA, Greece, July 31, 2025 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (the "Company" or "Seanergy") (NASDAQ: SHIP) announced today that it will release its financial results for the second quarter and six months ended June 30, 2025, prior to the open of the market in New York on Tuesday, August 5, 2025. The Company is incorporated in the Repu ...

Core Viewpoint - Seanergy Maritime Holdings Corp (SHIP) is anticipated to report a significant year-over-year decline in earnings and revenues for the quarter ended June 2025, which could influence its stock price depending on the actual results compared to expectations [1][3][19]. Earnings Expectations - The consensus estimate for Seanergy Maritime Holdings is an earnings per share (EPS) of $0.06, reflecting a year-over-year decrease of 92.2% [3][18]. - Expected revenues for the quarter are $35.42 million, down 17.9% from the same quarter last year [3][19]. Estimate Revisions - Over the past 30 days, the consensus EPS estimate has been revised down by 24.44%, indicating a reassessment by analysts [4][19]. - The Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +83.33%, suggesting a more optimistic outlook from analysts [12][19]. Historical Performance - Seanergy Maritime Holdings has beaten consensus EPS estimates in the last four quarters, with a notable surprise of +38.64% in the most recent quarter [13][14][20]. Zacks Rank and Predictive Power - The company currently holds a Zacks Rank of 4 (Sell), which complicates the prediction of an earnings beat despite the positive Earnings ESP [12][20]. - A positive Earnings ESP is generally a strong indicator of an earnings beat, especially when combined with a favorable Zacks Rank [10].