Okeanis Eco Tankers (NYSE:ECO - Get Free Report) is expected to post its quarterly earnings results after the market closes on Thursday, March 6th. Analysts expect Okeanis Eco Tankers to post earnings of $0.22 per share and revenue of $49.53 million for the quarter.
Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.19. Okeanis Eco Tankers had a net margin of 27.68% and a return on equity of 25.40%. The firm had revenue of $85.19 million during the quarter, compared to analyst estimates of $82.46 million.
Okeanis Eco Tankers Trading Up 1.7 %
Shares of Okeanis Eco Tankers stock traded up $0.36 during trading on Friday, reaching $20.97. The company's stock had a trading volume of 190,568 shares, compared to its average volume of 256,397. The company has a market cap of $675.11 million and a price-to-earnings ratio of 6.20. The firm's 50-day moving average is $23.00 and its two-hundred day moving average is $26.29. Okeanis Eco Tankers has a 52-week low of $18.79 and a 52-week high of $36.69. The company has a quick ratio of 1.34, a current ratio of 1.64 and a debt-to-equity ratio of 1.46.
Okeanis Eco Tankers Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date is Monday, March 3rd. Okeanis Eco Tankers's dividend payout ratio (DPR) is presently 41.42%.
Wall Street Analyst Weigh In
Separately, B. Riley lowered their price target on Okeanis Eco Tankers from $44.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th.
View Our Latest Report on ECO
About Okeanis Eco Tankers
(
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Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.
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