Stock analysts predict that Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) will post earnings of $2.54 per share for the current quarter, according to Zacks Investment Research. Two analysts have released earnings estimates for Grindrod Shipping. The highest EPS estimate is $2.85 and the lowest is $2.23. The company is expected to release its next earnings report on Wednesday, February 23.
On average, analysts expect Grindrod Shipping to report annual earnings of $5.55 per share for the current fiscal year. For the next fiscal year, analysts expect the company to post earnings of $5.25 per share, with EPS estimates ranging from $5.05 to $5.44. Zacks earnings per share averages are an average based on a survey of sell-side research analysts who provide coverage for Grindrod Shipping.
Grindrod Shipping Inc (NASDAQ:GRIN) last released its quarterly results on Tuesday, November 16. The company reported earnings per share of $2.28 for the quarter, beating the consensus estimate of $2.09 by $0.19. The company posted revenue of $135.14 million for the quarter, versus analyst estimates of $117.33 million.
Several analysts have recently commented on the stock. Jefferies Financial Group assumed coverage of Grindrod Shipping shares in a Thursday, October 28, report. They set a “buy” rating and a price target of $20.00 for the company. Noble Financial reissued a “buy” rating and set a price target of $31.00 on shares of Grindrod Shipping in a research note on Friday, October 15. Finally, Zacks Investment Research moved Grindrod Shipping shares from a “sell” rating to a “buy” rating and set a price target of $22.00 on the stock in a research note on Wednesday.
NASDAQ: GRIN opened at $15.33 on Friday. Grindrod Shipping has a fifty-two week low of $4.64 and a fifty-two week high of $19.99. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt ratio of 0.81. The stock’s 50-day moving average is $15.79 and its two-hundred-day moving average is $14.54.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 13. Investors of record on Friday, December 3 received a dividend of $0.72. The ex-dividend date was Thursday, December 2. This represents a dividend of $2.88 on an annualized basis and a yield of 18.79%.
Hedge funds and other institutional investors have recently been buying and selling shares of the company. Advisor Group Holdings Inc. acquired a new stake in Grindrod Shipping in the third quarter worth approximately $52,000. Jump Financial LLC bought a new stake in Grindrod Shipping in the third quarter worth $158,000. Trexquant Investment LP acquired a new position in Grindrod Shipping during the third quarter worth $212,000. Royal Bank of Canada increased its holdings in Grindrod Shipping by 25,408.3% during the third quarter. Royal Bank of Canada now owns 15,305 shares of the company valued at $236,000 after buying an additional 15,245 shares last quarter. Finally, Tudor Investment Corp Et Al acquired a new equity stake in Grindrod Shipping in the third quarter worth approximately $337,000. Hedge funds and other institutional investors own 38.94% of the company’s shares.
About Grindrod Shipping
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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