What is Noble Financial's Estimate for Euroseas Q1 Earnings?

Euroseas Ltd. (NASDAQ:ESEA - Free Report) - Equities researchers at Noble Financial upped their Q1 2025 earnings estimates for shares of Euroseas in a research report issued to clients and investors on Tuesday, February 4th. Noble Financial analyst M. Reichman now forecasts that the shipping company will post earnings per share of $5.05 for the quarter, up from their prior forecast of $5.02. The consensus estimate for Euroseas' current full-year earnings is $15.15 per share.

Separately, StockNews.com downgraded shares of Euroseas from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th.

Euroseas Trading Up 0.7 %

Shares of NASDAQ:ESEA traded up $0.24 during mid-day trading on Wednesday, reaching $32.85. 23,011 shares of the company's stock were exchanged, compared to its average volume of 33,580. The business's fifty day moving average price is $34.62 and its 200-day moving average price is $39.90. Euroseas has a twelve month low of $30.21 and a twelve month high of $50.92. The firm has a market capitalization of $230.28 million, a price-to-earnings ratio of 2.03 and a beta of 0.85. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.59 and a current ratio of 1.65.

Euroseas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 7.31%. The ex-dividend date of this dividend was Monday, December 9th. Euroseas's payout ratio is presently 14.80%.

Hedge Funds Weigh In On Euroseas

Several large investors have recently bought and sold shares of the stock. Squarepoint Ops LLC lifted its holdings in Euroseas by 42.5% during the second quarter. Squarepoint Ops LLC now owns 12,135 shares of the shipping company's stock valued at $424,000 after purchasing an additional 3,617 shares during the last quarter. Inspire Investing LLC purchased a new position in Euroseas in the 3rd quarter worth approximately $913,000. Redhawk Wealth Advisors Inc. grew its stake in shares of Euroseas by 6.8% in the third quarter. Redhawk Wealth Advisors Inc. now owns 7,593 shares of the shipping company's stock worth $371,000 after purchasing an additional 485 shares during the last quarter. BayBridge Capital Group LLC increased its position in Euroseas by 8.7% during the 3rd quarter. BayBridge Capital Group LLC now owns 13,244 shares of the shipping company's stock valued at $647,000 after purchasing an additional 1,057 shares during the period. Finally, Sheaff Brock Investment Advisors LLC raised its position in shares of Euroseas by 25.0% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 7,810 shares of the shipping company's stock worth $382,000 after acquiring an additional 1,560 shares in the last quarter. 6.27% of the stock is currently owned by institutional investors.

Euroseas Company Profile

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.