Streetbeat News

PSHG

Performance Shipping Inc.

https://www.pshipping.com

Industry

Marine Shipping

Performance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of tanker vessels worldwide. It owned and operated five Aframax tanker vessels with a combined carrying capacity of 546,094 dwt. The company was incorporated in 2010 and is based in Athens, Greece.

Open

1.95

Mkt cap

24M

Volume

62K

High

1.95

P/E Ratio

1.27

52-wk high

2.58

Low

1.83

Div yield

N/A

52-wk low

1.70

Performance Shipping Inc. reported a net income of $12.4 million for Q3 2024, an increase from $10.4 million in Q3 2023. Earnings per share for the quarter were $0.96 (basic) and $0.32 (diluted).

Portfolio Pulse from

November 07, 2024 | 2:45 pm

Nike's Q1 FY25 earnings report revealed a 10% revenue decline and a 26% drop in earnings due to lower unit sales and traffic declines. Despite challenges, management is optimistic about the second half, focusing on innovation in Performance Sports. The stock is upgraded to a 'hold' with a price target of $80.

Portfolio Pulse from

November 05, 2024 | 4:30 pm

Several industrial stocks experienced significant price movements in Thursday's after-market session. Notable gainers included Smart Powerr, Antelope Ent Hldgs, McGrath RentCorp, Nuburu, L3Harris Technologies, and Performance Shipping. Meanwhile, 1847 Holdings, Expion360, Joby Aviation, GrafTech International, Paycor HCM, and SOS saw declines.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 8:31 pm

Performance Shipping (NASDAQ:PSHG) reported Q2 2024 GAAP EPS of $0.26, meeting analyst expectations. However, the company missed sales estimates, reporting $20.50 million against the expected $22.60 million, a 9.29% shortfall and a 34.83% decrease from the same period last year.