Euroseas (ESEA) Expected to Announce Earnings on Thursday

Euroseas (NASDAQ:ESEA - Get Free Report) is projected to announce its Q1 2025 earnings results before the market opens on Thursday, May 22nd. Analysts expect the company to announce earnings of $3.41 per share and revenue of $53.92 million for the quarter.

Euroseas Price Performance

Euroseas stock opened at $37.61 on Thursday. Euroseas has a 12 month low of $26.30 and a 12 month high of $50.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.65 and a quick ratio of 1.59. The business has a 50 day simple moving average of $31.38 and a 200-day simple moving average of $34.45. The stock has a market capitalization of $263.65 million, a PE ratio of 2.32 and a beta of 0.75.

Euroseas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were paid a dividend of $0.65 per share. The ex-dividend date was Tuesday, March 11th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.91%. This is a positive change from Euroseas's previous quarterly dividend of $0.60. Euroseas's dividend payout ratio (DPR) is presently 16.10%.

Institutional Trading of Euroseas

An institutional investor recently raised its position in Euroseas stock. Bank of America Corp DE raised its holdings in shares of Euroseas Ltd. (NASDAQ:ESEA - Free Report) by 1,611.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,865 shares of the shipping company's stock after buying an additional 1,756 shares during the quarter. Bank of America Corp DE's holdings in Euroseas were worth $68,000 as of its most recent SEC filing. Institutional investors and hedge funds own 6.27% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Euroseas in a report on Monday. They issued a "buy" rating on the stock.

About Euroseas

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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