Streetbeat News

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.

Open

2.16

Mkt cap

19M

Volume

32K

High

2.16

P/E Ratio

2.26

52-wk high

3.00

Low

2.08

Div yield

0.14

52-wk low

2.05

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

United Maritime (NASDAQ:USEA) reported a significant increase in Q3 earnings per share (EPS) to $0.95, up from $0.08 YoY, and a 48.78% increase in sales to $11.68M from $7.85M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:03 pm

Benzinga Insights has identified five value stocks in the industrials sector based on quantified analysis. These include Crane NXT (CXT), Herc Hldgs (HRI), United Maritime (USEA), Shyft Group (SHYF), and Euroseas (ESEA). Each of these companies has seen changes in their earnings per share and dividend yields in recent quarters.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 2:41 pm

United Maritime (NASDAQ:USEA) reported Q2 losses of $(0.25) per share and sales of $10.01 million.

Portfolio Pulse from bharat@benzinga.com

August 04, 2023 | 1:26 pm

United Maritime Corporation (NASDAQ:USEA) has announced the sale of its remaining LR2 tanker vessel, the M/T Epanastasea, for $37.5 million, and the acquisition of a Panamax dry bulk vessel for $17.8 million. The profit from the sale is expected to be approximately $14.2 million, with a return on equity of about 400%. The net cash surplus from the sale and acquisition is expected to be approximately $18 million.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 1:06 pm

United Maritime (NASDAQ:USEA) reported Q1 losses of $(0.48) per share and sales of $2.82 million.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 1:11 pm

United Maritime (NASDAQ:USEA) reported Q1 earnings of $0.48 per share and sales of $2.82 million.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 1:02 pm

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