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Diana Containerships Inc – Results for this quarter indicative of potential to generate revenue

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Diana Containerships Inc (NASDAQ:DCIX). Last Market Price: 4.97, Change: -0.01, % Change: (-0.20%). Shares trade in the range of 4.97 – 5.13 dollars. It has a market capitalization of 114.69M dollars, making it a Small Cap Stock and has 23.08M outstanding shares. As per the most recent quarterly report, the net income per share (EPS) is 0.2; P/E of 25.34 indicating high expected future growth in earnings. It operates in Transportation sector and belongs to Water Transportation industry. The company has a 52 week Price range (low – high) of $ 4.58 – 15.50. Average volumes of shares traded daily are 57,631. Volume traded in the last session was at 45,999, 0.80 times the average volume.

  • Reports Q3 (Sep)
    • EPS of $0.12, in-line with the estimates
    • Revenues rose 302.1% year/year to $9.73 million
  • States: This quarter represents the first time that we have operated for the entire period with our full fleet of five container vessels — the last three of which were delivered in June 2011. Therefore, as compared with prior periods, our results for this quarter are more indicative of our potential to generate revenue, cash flow and to provide dividends for shareholders. It is also important to note that the Company has a substantial pool of capital remaining from the June 2011 public offering to further expand the fleet. We continue to seek to identify suitable vessel acquisition opportunities that fit our fleet profile and that we believe will increase our potential to deliver shareholder value

For Q2 (Jun ’11), It had a Net profit margin of -15.20%, an Operating margin of 7.18%.

Consensus Recommendation is a Buy.


Estimate for sales for the Quarter Ending Dec-11 show a mean of 10.33 million dollars, an estimate high of 13.01 million dollars and an estimate low of 9.10 million dollars.

Estimate for sales for the Quarter Ending Mar-12 show a mean of 10.94 million dollars, an estimate high of 13.24 million dollars and an estimate low of 9.40 million dollars.

Estimate for EPS for the Quarter Ending Dec-11 show a mean of 0.12 dollars, an estimate high of 0.16 dollars and an estimate low of 0.08 dollars.

Estimate for EPS for the Quarter Ending Mar-12 show a mean of 0.13 dollars, an estimate high of 0.15 dollars and an estimate low of 0.10 dollars.

Sales for Quarter Ending Jun-11 was estimated at 4.86 million dollars, however the actual sales figure stood at 4.25 million dollars, 0.62 million dollars less than estimates.

Sales for Quarter Ending Mar-11 was estimated at 3.10 million dollars, however the actual sales figure stood at 3.24 million dollars, 0.14 million dollars more than estimates.

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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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