Euroseas (ESEA) Stock Price, News & Analysis

Company Overview

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. The company was incorporated in 2005 and is based in Marousi, Greece.

Key Stats

• Today's Range: $42.02 to $43.15
• 50-Day Range: $40.08 to $50.40
• 52-Week Range: $22.50 to $50.92
• Volume: 27,306 shs
• Average Volume: 41,281 shs
• Market Capitalization: $297.05 million
• P/E Ratio: 2.51
• Dividend Yield: 5.66%
• Price Target: $56.50
• Consensus Rating: Strong Buy

Euroseas Stock Analysis - MarketRank™

Euroseas scored higher than 86% of companies evaluated by MarketBeat, and ranked 28th out of 124 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

Euroseas has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Euroseas has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -22.28%

Earnings Growth

Earnings for Euroseas are expected to decrease by -22.28% in the coming year, from $14.99 to $11.65 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Euroseas is 2.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.32.

Price to Earnings Ratio vs. Sector

The P/E ratio of Euroseas is 2.51, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 21.99.

Price to Book Value per Share Ratio

Euroseas has a P/B Ratio of 1.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.43% of the float of Euroseas has been sold short.

Short Interest Ratio / Days to Cover

Euroseas has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Euroseas has recently increased by 12.84%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Euroseas is a leading dividend payer. It pays a dividend yield of 5.56%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Euroseas does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Euroseas is 15.76%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Euroseas will have a dividend payout ratio of 20.60% next year. This indicates that Euroseas will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.43% of the float of Euroseas has been sold short.

Short Interest Ratio / Days to Cover

Euroseas has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Euroseas has recently increased by 12.84%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.90

News Sentiment

Euroseas has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Euroseas this week, compared to 2 articles on an average week.

Search Interest

10 people have searched for ESEA on MarketBeat in the last 30 days. This is an increase of 11% compared to the previous 30 days.

MarketBeat Follows

4 people have added Euroseas to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Euroseas insiders have not sold or bought any company stock.

Percentage Held by Insiders

55.90% of the stock of Euroseas is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 6.27% of the stock of Euroseas is held by institutions.

ESEA Stock Analysis - Frequently Asked Questions

How have ESEA shares performed this year?

Euroseas' stock was trading at $31.15 on January 1st, 2024. Since then, ESEA stock has increased by 36.1% and is now trading at $42.40.
View the best growth stocks for 2024 here.

How were Euroseas' earnings last quarter?

Euroseas Ltd. (NASDAQ:ESEA) issued its quarterly earnings results on Tuesday, August, 6th. The shipping company reported $4.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $2.43. The shipping company earned $60.29 million during the quarter, compared to the consensus estimate of $49.33 million. Euroseas had a trailing twelve-month return on equity of 38.07% and a net margin of 57.36%.

When did Euroseas' stock split?

Euroseas shares reverse split before market open on Thursday, December 19th 2019. The 1-8 reverse split was announced on Monday, December 9th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, December 18th 2019. An investor that had 100 shares of stock prior to the reverse split would have 13 shares after the split.

Who are Euroseas' major shareholders?

Euroseas' top institutional shareholders include Inspire Investing LLC (0.27%) and Redhawk Wealth Advisors Inc. (0.11%).

How do I buy shares of Euroseas?

Shares of ESEA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Euroseas own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Euroseas investors own include NVIDIA (NVDA), Broadcom (AVGO), Arista Networks (ANET), Jabil (JBL), Adobe (ADBE), e.l.f. Beauty (ELF) and Novo Nordisk A/S (NVO).

Company Calendar

• Last Earnings: 8/06/2024
• Ex-Dividend for 9/17 Dividend: 9/09/2024
• Dividend Payable: 9/17/2024
• Today: 10/17/2024
• Next Earnings (Estimated): 11/14/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: Transportation
• Current Symbol: NASDAQ:ESEA
• CUSIP: N/A
• CIK: 1341170
• Web: www.euroseas.gr
• Phone: 302111804005
• Fax: 30 21 1180 4097
• Employees: 360
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $56.50
• High Stock Price Target: $60.00
• Low Stock Price Target: $53.00
• Potential Upside/Downside: +33.3%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $15.23
• Trailing P/E Ratio: 2.51
• Forward P/E Ratio: 2.83
• P/E Growth: N/A
• Net Income: $114.55 million
• Net Margins: 57.36%
• Pretax Margin: 57.35%
• Return on Equity: 38.07%
• Return on Assets: 22.96%

Debt

• Debt-to-Equity Ratio: 0.52
• Current Ratio: 1.46
• Quick Ratio: 1.41

Sales & Book Value

• Annual Sales: $205.17 million
• Price / Sales: 1.45
• Cash Flow: $16.12 per share
• Price / Cash Flow: 2.63
• Book Value: $38.05 per share
• Price / Book: 1.11

Miscellaneous

• Outstanding Shares: 7,006,000
• Free Float: 3,090,000
• Market Cap: $297.05 million
• Optionable: Not Optionable
• Beta: 0.85