United Maritime Corporation (USEA)

NASDAQ: USEA · Real-Time Price · USD
2.525
+0.010 (0.40%)
Oct 7, 2024, 4:00 PM EDT - Market closed
0.40%
Market Cap 22.76M
Revenue (ttm) 46.28M
Net Income (ttm) 7.45M
Shares Out 9.01M
EPS (ttm) 0.85
PE Ratio 2.98
Forward PE 14.03
Dividend $0.30 (11.88%)
Ex-Dividend Date Sep 27, 2024
Volume 42,047
Open 2.520
Previous Close 2.515
Day's Range 2.520 - 2.570
52-Week Range 2.010 - 3.000
Beta 0.28
Analysts Strong Buy
Price Target 6.00 (+137.62%)
Earnings Date Nov 13, 2024

About USEA

United Maritime Corporation, a shipping company, offers seaborne transportation services worldwide. It operates a fleet of eight dry bulk vessels comprising three Panamax, three Capesize, and two Kamsarmax vessels with an aggregate cargo-carrying capacity of approximately 922,054 dwt. The company was incorporated in 2022 and is based in Glyfada, Greece. [Read more]

Industry Marine Shipping
Sector Industrials
Founded 2004
Employees 5
Stock Exchange NASDAQ
Ticker Symbol USEA
Full Company Profile

Financial Performance

In 2023, United Maritime's revenue was $36.07 million, an increase of 45.11% compared to the previous year's $24.86 million. Earnings were $126,000, a decrease of -99.67%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for USEA stock is "Strong Buy" and the 12-month stock price forecast is $6.0.

Price Target
$6.0
(137.62% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

United Maritime Corporation (USEA) Q2 2024 Earnings Call Transcript

United Maritime Corporation (NASDAQ:USEA) Q2 2024 Earnings Conference Call August 6, 2024 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman and Chief Executive Officer Stavros Gyftakis ...

2 months ago - Seeking Alpha

United Maritime Announces the Date for the Second Quarter and Six Months Ended June 30, 2024, Financial Results, Conference Call and Webcast

Earnings Release: Tuesday, August 6, 2024, Before Market Open in New York Conference Call and Webcast: Tuesday, August 6, 2024, at 12:00 p.m. Eastern Time

2 months ago - GlobeNewsWire

United Maritime Reports First Quarter 2024 Financial Results and Declares Quarterly Cash Dividend of $0.075 Per Share

Highlights     (in million USD except LPS)   Q1 2024 Q1 2023 Net Revenues   $10.6 $2.8 Net Loss   ($1.3) ($4.9) Adjusted Net Loss1   ($1.1) ($3.7) EBITDA1   $3.5 ($2.7) Adjusted EBITDA1   $3.7 ($1.5) ...

4 months ago - GlobeNewsWire

United Maritime Announces the Date for the First Quarter Ended March 31, 2024, Financial Results

Earnings Release: Friday, May 24, 2024, Before Market Open in New York Earnings Release: Friday, May 24, 2024, Before Market Open in New York

4 months ago - GlobeNewsWire

Seanergy Maritime (NASDAQ: SHIP) And United Maritime (NASDAQ: USEA) Provide Financial Update To Shareholders

GLYFADA, GREECE / ACCESSWIRE / April 9, 2024 / Seanergy Maritime Holdings Corp. (NASDAQ:SHIP), a leading player in the global shipping industry, reported a fourth-quarter net profit of $10.8 million, ...

Other symbols: SHIP
6 months ago - Accesswire

United Maritime Announces Availability of its 2023 Annual Report on Form 20-F

GLYFADA, Greece, April 03, 2024 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA) announced today that its Annual Report on Form 20-F for the fiscal year ended...

6 months ago - GlobeNewsWire

United Maritime Corporation (USEA) Q4 2023 Earnings Call Transcript

United Maritime Corporation (USEA) Q4 2023 Earnings Call Transcript

8 months ago - Seeking Alpha

United Maritime Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2023 and Declares Cash Dividend of $0.075 Per Share

Highlights   Quarterly   Full Year (in million USD except EPS)   Q4 2023 Q4 2022   FY 2023 FY 2022 1 Net Revenues   $11.6  $14.9   $36.1 $22.8 Net (Loss) / Income   ($0.7) $36.5   $0.2 $37.5 Adjusted ...

8 months ago - GlobeNewsWire

United Maritime Announces the Date for the Fourth Quarter and Year Ended December 31, 2023, Financial Results, Conference Call and Webcast

Earnings Release: Tuesday, February 20, 2024, Before Market Open in New York Conference Call and Webcast: Tuesday, February 20, 2024, at 10:00 a.m. Eastern Time

8 months ago - GlobeNewsWire

Seanergy Maritime (NASDAQ: SHIP) Is Optimistic About The Future; United Maritime (NASDAQ: USEA) Posts Profit Surge for 3Q23, Both Companies Extend Shareholder Rewards

GLYFADA, GREECE / ACCESSWIRE / December 19, 2023 / In the third quarter, Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) faced challenges, reporting Net Revenues of $24.5 million and an Adjusted Net Lo...

Other symbols: SHIP
10 months ago - Accesswire

United Maritime Corporation (USEA) Q3 2023 Earnings Call Transcript

United Maritime Corporation (NASDAQ:USEA) Q3 2023 Results Conference Call November 15, 2023 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman and Chief Executive Officer Stavros Gyftaki...

11 months ago - Seeking Alpha

United Maritime Reports Strong Profit for the Third Quarter, Financial Results for the Nine Months Ended September 30, 2023 and Declares Dividend of $0.075 Per Share

Highlights (in million USD, except EPS) Q3 2023 Q3 2022 9M 2023 From January 20, 2022 (date of inception) to September 30, 2022 Net Revenues $11.7 $7.9 $24.5 $7.9 Net income $8.9 $1.0 $0.9 $1.0 Adjust...

11 months ago - GlobeNewsWire

United Maritime Announces the Date for the Third Quarter and Nine Months Ended September 30, 2023, Financial Results, Conference Call and Webcast

Earnings Release: Wednesday, November 15, 2023, Before Market Open in New York Conference Call and Webcast: Wednesday, November 15, 2023, at 10:00 a.m. Eastern Time

11 months ago - GlobeNewsWire

United Maritime: Upgrading To Buy On Vastly Improved Charter Rates And Generous Dividend

Over the past twelve months, United Maritime has sold all of the tanker vessels acquired in July 2022 at an aggregate gain of $48 million. The company has shifted its focus back to the larger dry bulk...

1 year ago - Seeking Alpha

United Maritime Corporation (USEA) Q2 2023 Earnings Call Transcript

United Maritime Corporation (NASDAQ:USEA) Q2 2023 Earnings Call Transcript August 3, 2023 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman, CEO and Founder Stavros Gyftakis - CFO Confe...

1 year ago - Seeking Alpha

United Maritime Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2023 and Declares Dividend of $0.075 Per Share

Highlights       (in million USD, except for per share data)   Q2 2023 6M 2023 Net Revenues   $10.0 $12.8 Net loss   ($3.0) ($7.9) Adjusted net loss1   ($2.1) ($5.7) EBITDA1   $1.0 ($1.7) Adjusted EBI...

1 year ago - GlobeNewsWire

United Maritime Announces the Date for the Second Quarter Ended June 30, 2023, Financial Results, Conference Call and Webcast

Earnings Release: Thursday, August 3, 2023, Before Market Open in New York Conference Call and Webcast: Thursday, August 3, 2023, at 10:00 a.m. Eastern Time

1 year ago - GlobeNewsWire

United Maritime Corporation (USEA) Q1 2023 Earnings Call Transcript

United Maritime Corporation (NASDAQ:USEA) Q1 2023 Earnings Conference Call May 17, 2023 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman, CEO and Founder Stavros Gyftakis - CFO Confere...

1 year ago - Seeking Alpha

United Maritime Reports First Quarter 2023 Financial Results and Declares Quarterly Dividend of $0.075 Per Share

Financial Highlights of the First Quarter of 2023: Net Loss of $4.9 million and loss per share (basic & diluted) of $0.64 Adjusted net loss 1 of $3.7 million and adjusted loss per share 1 of $0.48 Oth...

1 year ago - GlobeNewsWire

United Maritime Announces the Date for the First Quarter Ended March 31, 2023 Financial Results, Conference Call and Webcast

Earnings Release: Thursday, May 18, 2023, Before Market Open in New York  Conference Call and Webcast: Thursday, May 18, 2023, at 10:00 a.m. Eastern Time

1 year ago - GlobeNewsWire

United Maritime Announces Agreement to Acquire a Modern Panamax Vessel through a Bareboat-in Charter and Delivery of Two Kamsarmax Vessels with Immediate Period Employment

GLYFADA, Greece, May 10, 2023 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA), announced today that it has entered into a twelve-month bareboat charter agree...

1 year ago - GlobeNewsWire

United Maritime Announces Availability of its 2022 Annual Report on Form 20-F

GLYFADA, Greece, April 06, 2023 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA) announced today that its Annual Report on Form 20-F for the fiscal year ended...

1 year ago - GlobeNewsWire

United Maritime Corporation (USEA) Q4 2022 Earnings Call Transcript

United Maritime Corporation (NASDAQ:USEA) Q4 2022 Earnings Conference Call February 22, 2023 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman, CEO and Founder Stavros Gyftakis - CFO Co...

1 year ago - Seeking Alpha

United Maritime Announces the Date for the 2022 Fourth Quarter and for the Period from the Commencement of Operations (July 6, 2022) to December 31, 2022 Financial Results, Conference Call and Webcast

Earnings Release: Wednesday, February 22, 2023, Before Market Open in New York Conference Call and Webcast: Wednesday, February 22, 2023, at 10:00 a.m. Eastern Time

1 year ago - GlobeNewsWire