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USEA

United Maritime Corporation

https://www.unitedmaritime.gr

Industry

Marine Shipping

United Maritime Corporation, a shipping company, provides seaborne transportation services worldwide. It owns one Capesize dry bulk vessel having a carrying capacity of 171,314 deadweight tons. The company was incorporated in 2022 and is based in Glyfada, Greece. United Maritime Corporation operates independently of Seanergy Maritime Holdings Corp. as of July 5, 2022.

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United Maritime has declared a cash dividend of $0.075 per common share, payable on or about October 10 to all shareholders of record as of September 27.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:38 pm

United Maritime (NASDAQ:USEA) reported significant improvements in its Q2 financial results, with earnings per share rising to $0.09 from a loss of $(0.25) YoY and sales increasing by 24.29% to $12.44 million.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:36 pm

Maxim Group has initiated coverage on United Maritime (NASDAQ:USEA) with a Buy rating and set a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:05 pm

United Maritime (NASDAQ:USEA) reported a significant improvement in its Q1 financial results, with a 72.92% reduction in losses per share and a 275.68% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:02 pm

United Maritime announced its expectation for the Q1 2024 daily net Time Charter Equivalent (TCE) rate to be around $14,157 per day. This forecast provides insight into the company's revenue potential from its shipping operations for the first quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:05 pm

United Maritime reported a Q4 Time Charter Equivalent (TCE) rate of $15,874 per day, a significant decrease from the $32,161 per day reported in the prior year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:04 pm

United Maritime (NASDAQ:USEA) reported a significant decrease in Q4 adjusted EPS to $(0.07) from $3.90 YoY, with sales also dropping to $11.60M from $14.93M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:01 pm

In Thursday's pre-market session, several industrials stocks showed significant movement. Ultralife (ULBI) led the gainers with a 30.2% increase following its Q4 earnings report, while Addentax Group (ATXG) experienced the largest drop among the losers, declining by 26.5% after its Q3 earnings were announced. Other notable movers included Graphex Gr (GRFX), Pixie Dust Technologies (PXDT), and Zoomcar Holdings (ZCAR), each responding to market dynamics and recent earnings reports.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 1:05 pm

Seanergy Maritime Holdings Corp. (SHIP) reported Q3 revenues of $24.5M with an adjusted net loss of $2.6M, while United Maritime Corp. (USEA) saw a 210% increase in revenues for the first nine months of 2023 and an adjusted net profit of $9.2M. Despite challenges in the Capesize market, Seanergy remains optimistic due to increased demand and limited new vessel orders. United Maritime's smaller fleet size has insulated it from market fluctuations, and the company has been actively repurchasing shares, signaling confidence in its business.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 2:45 pm

The article provides an overview of notable value stocks in the industrials sector, highlighting five companies with low price-to-earnings (P/E) multiples, suggesting they may be undervalued. Grindrod Shipping Hldgs, AGCO, Bridger Aerospace Gr, Target Hospitality, and United Maritime are identified as value stocks with their respective P/E ratios and recent earnings per share (EPS) data. AGCO also reported a dividend yield increase.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 2:41 pm

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