DryShips, Inc. (DRYS) Posts Q4 EPS Loss

DryShips, Inc. (DRYS) shares are down 2.06% to $0.999 in after-hours trading Wednesday after the company reported fourth quarter earnings results.

The provider of marine transportation services for drybulk and petroleum cargoes reported non-GAAP earnings of $0.02 per share on revenues of $598.41 million, up 38.7% from a year ago. Analysts were expecting EPS of $0.05 on revenues of $550.38 million. Adjusted EBITDA came in at $298.7 million vs. $179.8 million year-over-year.

For the year ended December 31, 2014, the company reported a net loss of $47.5 million, or $0.11 basic and diluted loss per share.

On valuation measures, DryShips Inc. shares, which currently have an average 3-month trading volume of 8.88 million shares, trade at a forward P/E of 6.38 and a P/E to growth ratio of 2.45. The median Wall Street price target on the name is $1.00 with a high target of $1.50. Currently ticker has 2 ‘Buy’ endorsements, compared to 4 ’Holds’ and 2 ‘Sell’.

Profitability-wise, DRYS has a t-12 profit and operating margin of (2.37%) and 24.30%, respectively. The $443.77 million market cap company reported $739.312 million in cash vs. $5.97 billion in debt in its most recent quarter.

DRYS currently prints a one year loss of about 70% and a year-to-date loss of around 3.80%.

The chart below shows where the equity has traded over the last 52 weeks.

DryShips Inc. provides ocean transportation services for drybulk and petroleum cargoes, and offshore drilling services. The company was founded in 2004 and is based in Athens, Greece.

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