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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].
Wall Street Analysts Think Seanergy Maritime Holdings (SHIP) Is a Good Investment: Is It?
ZACKS· 2025-01-27 15:31
Group 1 - Seanergy Maritime Holdings Corp (SHIP) has an average brokerage recommendation (ABR) of 1.00, indicating a Strong Buy based on recommendations from four brokerage firms, all of which are Strong Buy [2][4] - The ABR should not be the sole basis for investment decisions, as studies show limited success of brokerage recommendations in predicting stock price increases [4][9] - Brokerage firms often exhibit a positive bias in their ratings due to vested interests, leading to a higher number of Strong Buy recommendations compared to Strong Sell [5][9] Group 2 - The Zacks Rank, a proprietary stock rating tool, categorizes stocks from Strong Buy to Strong Sell and is based on earnings estimate revisions, making it a more reliable indicator of near-term stock performance compared to ABR [7][10] - The Zacks Rank is updated more frequently than the ABR, reflecting timely changes in earnings estimates, which are crucial for predicting future stock prices [11] - For Seanergy Maritime Holdings, the Zacks Consensus Estimate for the current year remains unchanged at $2.47, leading to a Zacks Rank of 3 (Hold), suggesting caution despite the Strong Buy ABR [12][13]
OCEANIA CRUISES REPRISES ITS SIGNATURE FRENCH RESTAURANT, JACQUES, IN CULINARY LINEUP ABOARD NEW SHIP ALLURA™, LAUNCHING JULY 2025
Prnewswire· 2025-01-21 14:02
Core Insights - Oceania Cruises will introduce its signature French restaurant, Jacques, on its new ship Allura, launching in mid-July 2025, and on its sister ship Vista in October 2025 [1][2][3] Group 1: Restaurant Introduction - Jacques, named after renowned chef Jacques Pépin, will be featured on Allura and Vista, joining other dining options like Polo Grill, Toscana, and Red Ginger [2] - The restaurant aims to enhance the dining experience with new dishes and maintain popular existing options, including classic French desserts [4][5] Group 2: Culinary Leadership - Chef Jacques Pépin, along with Executive Culinary Directors Alexis Quaretti and Eric Barale, will collaborate to innovate the menu while honoring traditional French cuisine [3][4] - The new menu will include dishes such as duck with Grand Marnier-infused orange sauce and veal medallion with morel sauce, alongside vegetarian options [4] Group 3: Dining Experience Enhancements - Jacques will offer tableside service for select dishes, enhancing the authentic Parisian bistro experience with new crockery and glassware [5] - The restaurant's design and service aim to reflect the importance of "l'art de la table" [5] Group 4: Company Overview - Oceania Cruises is recognized as a leading culinary- and destination-focused cruise line, operating eight luxurious ships with a maximum capacity of 1,250 guests [9] - The company offers itineraries that span over 600 ports in more than 100 countries, with voyages ranging from seven to over 200 days [9]
Seanergy Maritime Holdings (SHIP) Is Considered a Good Investment by Brokers: Is That True?
ZACKS· 2025-01-10 15:31
Group 1 - Seanergy Maritime Holdings Corp (SHIP) has an average brokerage recommendation (ABR) of 1.00, indicating a Strong Buy based on recommendations from four brokerage firms, all of which are Strong Buy [2][4] - The ABR is calculated based on actual recommendations and is not always a reliable indicator of stock price movement due to potential biases from brokerage firms [5][9] - The Zacks Rank, a proprietary stock rating tool, categorizes stocks based on earnings estimate revisions and is considered a more effective indicator of near-term stock price performance compared to ABR [7][10] Group 2 - The Zacks Consensus Estimate for Seanergy Maritime Holdings has remained unchanged at $2.47 over the past month, suggesting steady analyst views on the company's earnings prospects [12] - The Zacks Rank for Seanergy Maritime Holdings is currently 3 (Hold), indicating a cautious approach despite the Buy-equivalent ABR [13]
Seanergy Maritime: Recent Decline Created A High Probability Investment Opportunity
Seeking Alpha· 2025-01-09 20:41
True Orion is comprised of two notions. Orion, the ancient mythical hunter, and truth. The never ending pursuit for truth. This is my motto. I believe that knowledge is key to achieving oversized returns in a financial as well as in a personal level. As a private investor, with a real estate and technical analysis educational background and with more than 15 years of investing experience in the stock market, I can tell you that. Here in SA, I provide my readers with articles regarding specific stocks and/or ...
Seanergy Maritime Holdings Corp (SHIP) Q3 Earnings and Revenues Top Estimates
ZACKS· 2024-11-05 16:16
Seanergy Maritime Holdings Corp (SHIP) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.29%. A quarter ago, it was expected that this company would post earnings of $0.62 per share when it actually produced earnings of $0.77, delivering a surprise of 24.19%.Over the last four quarters, ...