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Seanergy Maritime (SHIP) - 2024 Q4 - Annual Report
2025-03-07 21:05
Exhibit 99.1 Seanergy Maritime Reports Record Full Year Profitability Reports Fourth Quarter and Twelve Month Financial Results for the Periods Ended December 31, 2024 Declares Quarterly Cash Dividend of $0.10 Per Share For the twelve-month period ended December 31, 2024, the Company generated Net Revenues of $167.5 million, compared to $110.2 million in the same period of 2023, marking an increase of 52%. Adjusted EBITDA for the twelve months was $98.4 million, compared to $53.0 million for the same period ...
Seanergy Maritime (SHIP) - 2024 Q4 - Earnings Call Transcript
2025-03-06 16:50
Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Q4 2024 Earnings Conference Call March 6, 2025 9:00 AM ET Company Participants Stamatis Tsantanis - Chairman, Chief Executive Officer Stavros Gyftakis - Chief Financial Officer Conference Call Participants Liam Burke - B. Riley Financials Mark Reichman - Noble Capital Markets Tate Sullivan - Maxim Group Lars Eide - Arctic Securities Operator Thank you for standing by, ladies and gentlemen, and welcome to the Seanergy Maritime Holdings Corp. conference call on t ...
Seanergy Maritime (SHIP) - 2024 Q4 - Earnings Call Presentation
2025-03-06 16:50
Fourth Quarter & Full Year 2024 Financial Results Presentation Seanergy Maritime Holdings Corp. Important Disclosures This document contains forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding the Company's management's expectations, hopes, beliefs, intentions or strategies regarding the future and other statements that are other than statements of historical fact, including with respect to market trends, vessels we have agreed to acquire and pending ...
Seanergy Maritime Holdings Corp (SHIP) Surpasses Q4 Earnings and Revenue Estimates
ZACKS· 2025-03-06 15:15
Core Viewpoint - Seanergy Maritime Holdings Corp (SHIP) reported quarterly earnings of $0.34 per share, exceeding the Zacks Consensus Estimate of $0.28 per share, but down from $0.58 per share a year ago, indicating a 21.43% earnings surprise [1] Group 1: Earnings Performance - The company has surpassed consensus EPS estimates for four consecutive quarters [2] - Seanergy Maritime Holdings posted revenues of $41.68 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 2.76%, compared to $39.43 million in the same quarter last year [2] Group 2: Stock Performance and Outlook - Seanergy Maritime Holdings shares have declined approximately 0.7% since the beginning of the year, mirroring the S&P 500's decline of -0.7% [3] - The company's earnings outlook is uncertain, with current consensus EPS estimates at -$0.30 on $27.14 million in revenues for the upcoming quarter and $0.99 on $149.65 million in revenues for the current fiscal year [7] Group 3: Industry Context - The Transportation - Shipping industry, to which Seanergy Maritime Holdings belongs, is currently ranked in the bottom 15% of over 250 Zacks industries, which may negatively impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that the company's current Zacks Rank of 4 (Sell) indicates expected underperformance in the near future [5][6]
Seanergy Maritime (SHIP) - 2024 Q4 - Earnings Call Transcript
2025-03-06 15:00
Seanergy Maritime Holdings Corp (SHIP) Q4 2024 Earnings Call March 06, 2025 09:00 AM ET Company Participants Stamatios Tsantanis - Chairman & CEOStavros Gyftakis - Chief Financial OfficerLiam Burke - Managing Director Conference Call Participants Mark Reichman - Senior Research AnalystTate Sullivan - Senior Research AnalystLars Moen Eide - Equity Research Analyst Operator Thank you for standing by, ladies and gentlemen, and welcome to the Synergy Maritime Holdings Corp. Conference Call on the Fourth Quarter ...
Seanergy Maritime Announces the Date for the Fourth Quarter and Year Ended December 31, 2024, Financial Results, Conference Call and Webcast
Newsfilter· 2025-02-28 14:00
Core Viewpoint - Seanergy Maritime Holdings Corp. is set to release its financial results for Q4 and the full year of 2024 on March 6, 2025, before the market opens in New York [1][2]. Company Overview - Seanergy Maritime Holdings Corp. is a leading pure-play Capesize shipping company listed in the U.S. [5] - The company operates a modern fleet consisting of 21 vessels, including 2 Newcastlemax and 19 Capesize vessels, with an average age of approximately 13.7 years and a total cargo carrying capacity of about 3,803,918 dwt [5]. - The company is incorporated in the Republic of the Marshall Islands and has its executive offices in Glyfada, Greece [6]. Conference Call Details - A conference call and simultaneous Internet webcast will be held on March 6, 2025, at 09:00 a.m. Eastern Time to discuss the financial results [2]. - Participants can register for the call through a provided link and access the live and archived webcast on the company's website [3][4].
Seanergy Maritime Holdings Corp (SHIP) Sees a More Significant Dip Than Broader Market: Some Facts to Know
ZACKS· 2025-02-24 23:50
Core Viewpoint - Seanergy Maritime Holdings Corp is facing a significant decline in expected earnings per share (EPS) while showing a slight increase in revenue, indicating mixed financial performance ahead [2][5]. Group 1: Stock Performance - The stock closed at $6.95, reflecting a -0.86% change from the previous trading day, which is worse than the S&P 500's loss of 0.5% [1]. - Over the past month, the stock has increased by 0.14%, contrasting with the Transportation sector's loss of 2.68% and the S&P 500's loss of 0.47% [1]. Group 2: Earnings Estimates - The upcoming earnings report is expected to show an EPS of $0.28, which is a 51.72% decrease from the same quarter last year [2]. - Revenue is anticipated to be $40.56 million, reflecting a 2.86% increase compared to the prior year [2]. Group 3: Analyst Estimates and Rankings - Recent revisions to analyst estimates indicate a 75.16% decrease in the Zacks Consensus EPS estimate over the last 30 days, resulting in a Zacks Rank of 4 (Sell) for the company [5]. - Positive revisions in estimates generally reflect analysts' confidence in the company's business performance and profit potential [3]. Group 4: Valuation Metrics - The company has a Forward P/E ratio of 7.12, which is lower than the industry average of 8.97, suggesting that the stock may be trading at a discount [6]. - The Transportation - Shipping industry, to which the company belongs, holds a Zacks Industry Rank of 197, placing it in the bottom 22% of over 250 industries [6].
Seanergy Maritime Holdings Corp (SHIP) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2025-02-11 23:56
Company Performance - Seanergy Maritime Holdings Corp (SHIP) closed at $6.92, with a daily increase of +0.14%, outperforming the S&P 500's gain of 0.03% [1] - Over the last month, the company's shares decreased by 2.54%, lagging behind the Transportation sector's gain of 5.12% and the S&P 500's gain of 4.19% [1] Upcoming Earnings - The upcoming earnings release is anticipated, with expected EPS of $0.28, reflecting a significant decline of 51.72% from the prior-year quarter [2] - Quarterly revenue is projected to be $40.56 million, which is an increase of 2.86% compared to the year-ago period [2] Analyst Estimates - Recent changes in analyst estimates indicate a favorable outlook on the company's business health and profitability [3] - The Zacks Consensus EPS estimate has seen a substantial decrease of 75.16% over the last 30 days, leading to a Zacks Rank of 4 (Sell) for the company [5] Valuation Metrics - Seanergy Maritime Holdings Corp is currently trading at a Forward P/E ratio of 7.02, which is lower than the industry's average Forward P/E of 9.15 [6] - The Transportation - Shipping industry holds a Zacks Industry Rank of 235, placing it in the bottom 7% of over 250 industries [6] Industry Insights - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [7]
Seanergy Maritime Holdings Corp (SHIP) Advances While Market Declines: Some Information for Investors
ZACKS· 2025-01-29 23:57
Company Performance - Seanergy Maritime Holdings Corp's stock closed at $6.96, reflecting a +0.94% change from the previous trading day's close, outperforming the S&P 500's loss of 0.47% [1] - Over the past month, shares have depreciated by 0.86%, underperforming the Transportation sector's gain of 4.36% and the S&P 500's gain of 1.67% [1] Earnings Projections - The upcoming EPS for Seanergy Maritime Holdings Corp is projected at $0.39, indicating a 32.76% decline compared to the same quarter last year [2] - Revenue is expected to be $40.2 million, reflecting a 1.96% increase compared to the year-ago quarter [2] Analyst Estimates - Recent changes to analyst estimates for Seanergy Maritime Holdings Corp indicate short-term business trends, with positive revisions suggesting analyst optimism about the company's profitability [3] - The Zacks Rank system, which assesses these estimate changes, provides actionable ratings based on the correlation between estimate revisions and share price momentum [4] Zacks Rank and Valuation - Seanergy Maritime Holdings Corp currently holds a Zacks Rank of 3 (Hold), with no changes in the consensus EPS estimate over the past month [5] - The company is trading at a Forward P/E ratio of 3.66, which is below the industry average Forward P/E of 8.12 [6] Industry Context - The Transportation - Shipping industry, to which Seanergy Maritime Holdings Corp belongs, has a Zacks Industry Rank of 243, placing it in the bottom 4% of over 250 industries [6] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]
Seanergy Maritime Expands Fleet with Two Japanese Ships: One Newcastlemax Vessel and One Capesize Vessel
Globenewswire· 2025-01-28 14:00
Core Viewpoint - Seanergy Maritime Holdings Corp. has announced the acquisition of two Japanese-built vessels, a Newcastlemax and a Capesize, for a total cost of approximately $69.0 million, marking a significant step in the company's fleet expansion strategy [1][5][6]. Vessel Acquisitions - The Newcastlemax vessel, built in 2013, has a cargo capacity of approximately 207,851 deadweight tons (dwt) and will be renamed "Meiship," with expected delivery in the first quarter of 2025 [2]. - The Capesize vessel, built in 2011, has a capacity of 178,459 dwt and will be acquired through a 6-month bareboat charter agreement, with a down payment of $4.0 million and a purchase obligation of $22.5 million at the end of the charter period [3]. Financial Aspects - The purchase price for the two vessels will be funded through a combination of cash on hand and proceeds from credit facilities that the company plans to secure [4]. Strategic Implications - The addition of these vessels is expected to enhance Seanergy's operational capabilities and align with its strategic fleet expansion, increasing the total fleet to 21 vessels with an aggregate capacity of approximately 3.8 million dwt [5][7]. - The company anticipates that the timing of these acquisitions is favorable due to higher freight futures expected in the second half of 2025 [6]. Company Overview - Seanergy Maritime Holdings Corp. operates an international shipping business focused on marine dry bulk transportation, currently managing a fleet of 19 Capesize vessels and 1 Newcastlemax vessel, with an average fleet age of 13.8 years [7].