What is Noble Financial's Estimate for Euroseas Q3 Earnings?

Key Points

• Noble Financial lowered its Q3 2026 EPS estimate for Euroseas to $3.84, from $4.40 previously. The firm forecasts $2.64 EPS for Q4 and $15.87 for full-year 2026, below the broader full-year consensus of $18.03.
• Analyst sentiment remains favorable overall, with Euroseas carrying a consensus “Moderate Buy” rating and a $93 price target based on three Buy ratings and one Hold rating.
• Euroseas recently reported quarterly EPS of $4.70, beating expectations of $4.09, and pays a quarterly dividend of $0.80, equivalent to a 4.6% annualized yield.

Euroseas Ltd. (NASDAQ:ESEA - Free Report) - Equities research analysts at Noble Financial cut their Q3 2026 earnings per share (EPS) estimates for Euroseas in a research report issued to clients and investors on Tuesday, October 20th. Noble Financial analyst M. Reichman now forecasts that the shipping company will post earnings per share of $3.84 for the quarter, down from their previous estimate of $4.40. The consensus estimate for Euroseas' current full-year earnings is $18.03 per share. Noble Financial also issued estimates for Euroseas' Q4 2026 earnings at $2.64 EPS and FY2026 earnings at $15.87 EPS.

Several other research firms also recently commented on ESEA. Weiss Ratings upgraded shares of Euroseas from a "hold (c)" rating to a "buy (b-)" rating in a research note on Friday, October 16th. Zacks Research lowered Euroseas from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th. Finally, Freedom Broker began coverage on Euroseas in a research report on Tuesday, September 29th. They set a "buy" rating and a $93.00 price target for the company. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Euroseas has a consensus rating of "Moderate Buy" and a consensus price target of $93.00.

Euroseas Trading Up 2.3%

Shares of Euroseas stock opened at $68.87 on Thursday. The company has a current ratio of 5.46, a quick ratio of 5.38 and a debt-to-equity ratio of 0.36. Euroseas has a 12-month low of $51.00 and a 12-month high of $79.67. The firm has a market capitalization of $486.22 million, a price-to-earnings ratio of 3.54 and a beta of 0.62. The firm's 50 day simple moving average is $73.26 and its two-hundred day simple moving average is $71.23.

Euroseas (NASDAQ:ESEA - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The shipping company reported $4.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.09 by $0.61. The firm had revenue of $56.50 million for the quarter, compared to the consensus estimate of $55.98 million. Euroseas had a net margin of 59.98% and a return on equity of 26.58%.

Institutional Investors Weigh In On Euroseas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ESEA. Inspire Investing LLC acquired a new position in shares of Euroseas in the 1st quarter valued at about $1,591,000. Navellier & Associates Inc. boosted its position in Euroseas by 94.8% in the 2nd quarter. Navellier & Associates Inc. now owns 15,562 shares of the shipping company's stock worth $1,033,000 after purchasing an additional 7,575 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Euroseas in the 2nd quarter worth approximately $423,000. State of Wyoming acquired a new stake in shares of Euroseas during the 1st quarter worth approximately $323,000. Finally, Renaissance Technologies LLC grew its stake in shares of Euroseas by 4.2% during the 1st quarter. Renaissance Technologies LLC now owns 100,765 shares of the shipping company's stock worth $6,736,000 after purchasing an additional 4,087 shares during the period. 6.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Euroseas

In related news, insider Symeon Pariaros sold 950 shares of the firm's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $79.00, for a total transaction of $75,050.00. Following the completion of the transaction, the insider owned 1,900 shares of the company's stock, valued at $150,100. This trade represents a 33.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 55.90% of the stock is owned by insiders.

Euroseas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 9th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Wednesday, September 9th. Euroseas's dividend payout ratio is 16.47%.

About Euroseas

Euroseas Ltd. NASDAQ: ESEA is a shipping company that owns and operates containerships engaged in the transportation of containerized cargo. Its vessels generally serve the feeder and intermediate segments of the container shipping market, connecting smaller or regional ports with major international trade routes.

The company's fleet is employed primarily through time charters, voyage charters and pool arrangements, depending on market conditions and vessel characteristics. Euroseas serves customers involved in global commerce across a range of international and regional trading areas, with operations managed from Athens, Greece, and a corporate domicile in the Marshall Islands.

Euroseas was established in 2005 by the Pittas family, which has a long history in commercial shipping.

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