Equity research analysts expect Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN – Get a rating) to report earnings per share of $1.27 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made earnings estimates for Grindrod Shipping, with estimates ranging from $1.17 to $1.37. Grindrod Shipping reported earnings per share of $0.12 in the same quarter last year, suggesting a positive year-over-year growth rate of 958.3%. The company is expected to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Grindrod Shipping to report annual earnings of $5.67 per share for the current fiscal year, with EPS estimates ranging from $5.35 to $5.98. For the next fiscal year, analysts expect the company to post earnings of $5.06 per share, with EPS estimates ranging from $4.42 to $5.70. Zacks Investment Research EPS averages are an average based on a survey of sell-side research companies that track Grindrod Shipping.
Grindrod Expedition (NASDAQ: GRIN – Get a rating) last reported quarterly earnings data on Wednesday, February 16. The company reported EPS of $2.75 for the quarter, beating Thomson Reuters consensus estimate of $2.50 by $0.25. Grindrod Shipping achieved a net margin of 23.38% and a return on equity of 41.13%. The company posted revenue of $114.86 million for the quarter, versus a consensus estimate of $118.51 million.
Separately, Zacks Investment Research upgraded Grindrod Shipping shares from a “hold” rating to a “strong-buy” rating and set a price target of $26.00 on the stock in a Wednesday, Feb. 23 research report.
Institutional investors and hedge funds have recently bought and sold shares of the company. Two Sigma Investments LP bought a new position in Grindrod Shipping during Q3, valued at approximately $378,000. Trexquant Investment LP bought a new position in Grindrod Shipping during Q3, valued at approximately $212,000. Advisor Group Holdings Inc. bought a new position in Grindrod Shipping during Q3, valued at around $52,000. Marshall Wace LLP bought a new position in Grindrod Shipping during Q3 worth approximately $5,475,000. Finally, Dorsey Wright & Associates bought a new position in Grindrod Shipping during Q4 worth around $66,000. Institutional investors and hedge funds hold 38.87% of the company’s shares.
Shares of GRIN Action opened at $24.78 on Thursday. Grindrod Shipping has a one-year minimum of $6.99 and a one-year maximum of $28.47. The company’s 50-day moving average is $23.31 and its 200-day moving average is $18.15. The company has a market capitalization of $477.02 million, a price-earnings ratio of 4.14 and a beta of 0.86. The company has a debt ratio of 0.70, a quick ratio of 1.47 and a current ratio of 1.61.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 22. Shareholders of record on Friday, March 11 received a dividend of $0.72 per share. This represents an annualized dividend of $2.88 and a yield of 11.62%. The ex-dividend date was Thursday, March 10. Grindrod Shipping’s dividend payout ratio is currently 48.16%.
Grindrod Transport Company Profile (Get a rating)
Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters and operates a fleet of dry bulk carriers and tankers around the world. It operates a fleet of 23 owned dry bulk carriers and 8 long-term charter dry bulk carriers that transport a range of bulk commodities and general cargo, including ores, coal, grain, forest products, steel products and fertilizers.
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