Majorpennystocks.com Report on DryShips Inc (NASDAQ:DRYS)
DryShips Inc. (NASDAQ:DRYS) was incorporated in 2004 and is engaged in ownership and operation of drybulk carriers and drilling rigs around the globe. Based in Athens, Greece, the company is mainly involved in carrying of items in bulk such as coal, iron ore, grain, bauxite, phosphate, fertilizers and steel products. The company is reported to own a fleet of 37 drybulk carriers which include 9 capesize, 26Panamax and 2 Supramax with total deadweight tonnage of 3.4 million tons. The company also owns 12 tankers with 6 Suemax and 6 Aframax with dead weight of 1.6 million tons. The company also owns 9 offshore ultra deepwater drilling units with 2 ultra deepwater semisubmersible drilling rigs and 7 ultra deepwater drillships which are operated through its fully owned subsidiary Ocean Rig UDW.
DryShips Inc. (NASDAQ:DRYS) is ranked 6th among 113 shipping companies by EPS growth rate. The company maintains the EPS growth rate of 86.10 percent as compared to highest EPS growth rate of 859.30 percent in its industry.
DryShips Inc. (NASDAQ:DRYS) generated the total revenue of $207.41 million for the quarter ended March 31th 2011 as compared to revenue of $125.83 million for the same period last year. The company reported the net profit of $25.77 million or diluted earnings of $0.08 per share for the respective quarter as compared to net income of $13.28 million or earnings of $0.05 per share last year.
The company’s total assets accumulate up to $6.991 billion with highest proportion of fix assets in its composition. The company maintains short term liquidity position as per its current ratio of 0.72 times.← Majorpennystocks.com Reports on JetBlue Airways Corporation (NASDAQ:JBLU) Majorpennystocks.com Reports on VCA Antech Inc (NASDAQ:WOOF) →