Euroseas Ltd. (NASDAQ:ESEA - Free Report) - Stock analysts at Noble Financial dropped their Q3 2024 earnings per share estimates for Euroseas in a research report issued to clients and investors on Wednesday, October 23rd. Noble Financial analyst M. Reichman now expects that the shipping company will post earnings per share of $3.77 for the quarter, down from their prior forecast of $3.78. Noble Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Euroseas' current full-year earnings is $14.99 per share. Noble Financial also issued estimates for Euroseas' Q2 2025 earnings at $3.04 EPS, Q3 2025 earnings at $3.12 EPS, Q4 2025 earnings at $3.12 EPS and FY2025 earnings at $13.04 EPS.
Euroseas (NASDAQ:ESEA - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The shipping company reported $4.92 earnings per share for the quarter, topping analysts' consensus estimates of $2.49 by $2.43. Euroseas had a net margin of 57.36% and a return on equity of 38.07%. The business had revenue of $60.29 million during the quarter, compared to the consensus estimate of $49.33 million.
ESEA has been the subject of a number of other research reports. StockNews.com upgraded Euroseas from a "hold" rating to a "buy" rating in a report on Saturday, October 12th. Alliance Global Partners initiated coverage on Euroseas in a research report on Monday, September 9th. They set a "buy" rating and a $60.00 target price for the company.
Check Out Our Latest Research Report on ESEA
Euroseas Trading Down 1.4 %
ESEA traded down $0.58 during trading on Friday, reaching $41.94. 20,891 shares of the company's stock were exchanged, compared to its average volume of 41,139. The company's fifty day moving average price is $44.79 and its 200-day moving average price is $40.01. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.41 and a current ratio of 1.46. The firm has a market capitalization of $293.83 million, a PE ratio of 2.75 and a beta of 0.85. Euroseas has a fifty-two week low of $22.50 and a fifty-two week high of $50.92.
Euroseas Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Monday, September 9th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date was Monday, September 9th. Euroseas's dividend payout ratio is currently 15.76%.
Institutional Trading of Euroseas
Several hedge funds have recently added to or reduced their stakes in ESEA. Janney Montgomery Scott LLC increased its holdings in shares of Euroseas by 18.8% in the first quarter. Janney Montgomery Scott LLC now owns 17,053 shares of the shipping company's stock worth $611,000 after acquiring an additional 2,693 shares in the last quarter. Acadian Asset Management LLC increased its stake in Euroseas by 49.6% during the 1st quarter. Acadian Asset Management LLC now owns 71,763 shares of the shipping company's stock worth $2,570,000 after purchasing an additional 23,796 shares in the last quarter. Lazard Asset Management LLC raised its holdings in Euroseas by 3,282.3% during the 1st quarter. Lazard Asset Management LLC now owns 8,219 shares of the shipping company's stock worth $294,000 after buying an additional 7,976 shares during the period. Beacon Capital Management LLC acquired a new stake in Euroseas during the 1st quarter worth approximately $36,000. Finally, Redhawk Wealth Advisors Inc. acquired a new position in shares of Euroseas in the second quarter valued at approximately $248,000. Institutional investors and hedge funds own 6.27% of the company's stock.
Euroseas Company Profile
(
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Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables. As of March 31, 2024, it had a fleet of 20 containerships with a cargo carrying capacity of approximately 777,749 dwt.
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