United Maritime (NASDAQ:USEA) Announces Quarterly Earnings Results

United Maritime (NASDAQ:USEA) posted its quarterly earnings results on Thursday. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12, FiscalAI reports. The company had revenue of $11.97 million during the quarter, compared to analyst estimates of $10.90 million. United Maritime had a negative net margin of 5.07% and a positive return on equity of 2.31%.

United Maritime Price Performance

NASDAQ:USEA traded up $0.58 on Thursday, reaching $3.04. 527,335 shares of the company’s stock traded hands, compared to its average volume of 79,578. The firm has a market cap of $29.01 million, a PE ratio of -15.15 and a beta of 0.83. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 1.45. United Maritime has a 12 month low of $1.42 and a 12 month high of $3.20. The stock has a 50-day simple moving average of $2.70 and a 200-day simple moving average of $2.41.

Wall Street Analyst Weigh In

Several research firms have weighed in on USEA. Weiss Ratings cut United Maritime from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, October 8th. Wall Street Zen cut shares of United Maritime from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

United Maritime Company Profile

United Maritime Corporation (NASDAQ: USEA) is a global shipping company engaged in the ownership and operation of oceangoing vessels. The company primarily provides seaborne transportation services for dry bulk commodities and liquid cargoes through its fleet of dry bulk carriers and tankers. United Maritime’s vessels transport commodities such as grains, coal, and other dry bulk materials, as well as petroleum products and related liquid cargoes. The company generates revenue by employing its vessels under voyage charters, time charters, and other commercial arrangements with customers in international shipping markets.