Jefferies Group Cuts DryShips EPS Estimates (DRYS)

By admin | 6 years ago

Research analysts at Jefferies Group (NYSE: JEF) cut their EPS estimates on shares of DryShips (NASDAQ: DRYS) in a report released on Thursday. The firm currently has a “hold” rating and a $2.50 target price on the company’s shares.

DryShips opened at 2.145 on Thursday. DryShips has a 52-week low of $1.75 and a 52-week high of $4.73. The company’s market cap is $815.4 million.

DryShips last posted its quarterly earnings results on Tuesday, May 29th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.06. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. Analysts expect that DryShips will post $0.05 EPS next quarter.

DRYS has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. (NYSE: WFC) reiterated an “outperform” rating on shares of DryShips in a research note to investors on Wednesday. Separately, analysts at Barclays Capital (NYSE: BCS) reiterated an “equal weight” rating on shares of DryShips in a research note to investors on Tuesday. Finally, analysts at Global Hunter Securities initiated coverage on shares of DryShips in a research note to investors on Tuesday, May 22nd. They set a “buy” rating and a $6.00 price target on the stock.

DryShips Inc. (DryShips) is a holding company. The Company is engaged in the ocean transportation services of drybulk cargoes and crude oil worldwide through the ownership and operation of drybulk carrier vessels and oil tankers and offshore drilling services through the ownership and operation of ultra-deepwater drilling units.

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