First Quarter 2022 EPS Estimates for Grindrod Shipping Holdings Ltd. Boosted by an analyst (NASDAQ:GRIN)

Grindrod Shipping Holdings Ltd. (NASDAQ: GRINGet a rating) – Analysts at Jefferies Financial Group raised their first quarter 2022 earnings per share estimates for shares of Grindrod Shipping in a note to investors on Wednesday, April 27. Jefferies Financial Group analyst R. Giveans now expects the company to post earnings of $1.55 per share for the quarter, up from its previous estimate of $1.37. Jefferies Financial Group has a “Buy” rating and a price target of $26.00 on the stock. Jefferies Financial Group also released estimates for Grindrod Shipping’s fiscal year 2022 earnings at $5.84 EPS.

Other research analysts have also recently published research reports on the stock. TheStreet upgraded the shares of Grindrod Shipping from a “d+” rating to a “c+” rating in a Monday, April 18 research report. Zacks Investment Research upgraded Grindrod Shipping shares from a “hold” rating to a “strong-buy” rating and set a price target of $26.00 for the company in a Wednesday, Feb. 23 research report.

Grindrod Shipping Stock opened at $25.60 on Friday. The company has a fifty-day simple moving average of $24.24 and a 200-day simple moving average of $18.81. Grindrod Shipping has a 1 year minimum of $7.38 and a 1 year maximum of $28.93. The company has a market capitalization of $492.80 million, a P/E ratio of 4.28 and a beta of 0.86. The company has a current ratio of 1.61, a quick ratio of 1.47 and a debt ratio of 0.70.

Grindrod Expedition (NASDAQ: GRINGet a rating) last reported results on Wednesday, February 16. The company reported earnings per share of $2.75 for the quarter, beating consensus analyst estimates of $2.50 by $0.25. The company posted revenue of $114.86 million in the quarter, versus a consensus estimate of $118.51 million. Grindrod Shipping achieved a net margin of 23.38% and a return on equity of 41.13%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Two Sigma Investments LP acquired a new stake in Grindrod Shipping in Q3 worth approximately $378,000. Trexquant Investment LP acquired a new stake in Grindrod Shipping in Q3 worth approximately $212,000. Advisor Group Holdings Inc. acquired a new stake in Grindrod Shipping in Q3 worth approximately $52,000. Marshall Wace LLP acquired a new stake in Grindrod Shipping in Q3 worth approximately $5,475,000. Finally, Dorsey Wright & Associates acquired a new stake in Grindrod Shipping in Q4 worth approximately $66,000. Institutional investors hold 38.87% of the company’s shares.

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 a dividend of $2.88 on an annualized basis and a dividend yield of 11.25%. 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 worldwide. It operates a fleet of 32 vessels consisting of 24 owned dry bulk carriers and 7 long-term charter dry bulk carriers that transport a range of bulk and bulk cargo, including ores, coal, grain, forest products, iron and steel products and fertilizers. .

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