Greece's Seanergy Maritime Q4 revenue beats expectations on strong Capesize market

Overview

• Greece-based Capesize shipping firm's Q4 revenue rose, beating analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

• Company declared a Q4 dividend of $0.20 per share

Outlook

• Seanergy expects Q1 2026 TCE rate of approximately $25,273

• Company sees favorable market fundamentals in 2026 with robust trade flows

• Seanergy plans fleet expansion with eco vessels, enhancing earnings capacity

Result Drivers

• STRONG CAPESIZE MARKET - Co's Q4 results benefited from a strong Capesize market, enhancing net revenues and adjusted net income

• NEWBUILDING PROGRAM - Expanded newbuilding program with eco vessels expected to enhance future earnings capacity

• REFINANCINGS - Completed $123 mln in refinancings, generating $51.9 mln of incremental liquidity

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the marine freight & logistics peer group is "buy"

• Wall Street's median 12-month price target for Seanergy Maritime Holdings Corp is $15.50, about 34.7% above its February 13 closing price of $11.51

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release: ID:nGNX57qnM1

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)