Euroseas (NASDAQ:ESEA) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Euroseas (NASDAQ:ESEA) from a "buy" to a "hold"; overall analyst coverage remains mildly positive with three Buys and one Hold, a consensus Moderate Buy and an average price target of $62.00.
• Euroseas beat quarterly EPS expectations ($4.48 vs. $4.47) and reported strong profitability (net margin 60.11%, ROE 27.82%), while trading at a low P/E of 3.47 and near its 12‑month high (opened $68.03, 12‑month high $74.75).

Euroseas (NASDAQ:ESEA - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

Other research analysts have also issued reports about the company. Weiss Ratings reissued a "buy (b-)" rating on shares of Euroseas in a research report on Monday, December 29th. Alliance Global Partners reissued a "buy" rating on shares of Euroseas in a research report on Monday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $62.00.

Euroseas Trading Down 1.0%

ESEA opened at $68.03 on Friday. The firm has a market cap of $476.89 million, a price-to-earnings ratio of 3.47 and a beta of 0.73. The company has a current ratio of 4.89, a quick ratio of 4.82 and a debt-to-equity ratio of 0.43. Euroseas has a 12 month low of $30.38 and a 12 month high of $74.75. The stock has a fifty day moving average price of $66.13 and a 200-day moving average price of $59.86.

Euroseas (NASDAQ:ESEA - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The shipping company reported $4.48 EPS for the quarter, topping the consensus estimate of $4.47 by $0.01. The firm had revenue of $57.39 million during the quarter, compared to analyst estimates of $57.83 million. Euroseas had a return on equity of 27.82% and a net margin of 60.11%. As a group, equities research analysts anticipate that Euroseas will post 17.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ESEA. Millennium Management LLC increased its position in Euroseas by 171.7% during the 4th quarter. Millennium Management LLC now owns 53,386 shares of the shipping company's stock valued at $2,915,000 after buying an additional 33,738 shares in the last quarter. Inspire Investing LLC acquired a new position in shares of Euroseas in the first quarter valued at about $1,591,000. Raymond James Financial Inc. acquired a new position in shares of Euroseas in the second quarter valued at about $870,000. Mackenzie Financial Corp acquired a new position in shares of Euroseas in the third quarter valued at about $1,136,000. Finally, Two Sigma Investments LP acquired a new position in shares of Euroseas in the third quarter valued at about $989,000. 6.27% of the stock is owned by institutional investors and hedge funds.

About Euroseas

Euroseas Ltd. NASDAQ: ESEA is an international shipping company specializing in seaborne transportation of containerized and drybulk cargoes. Incorporated in Bermuda with its principal operations and management office based in Athens, Greece, the company owns and charters a diversified fleet of containerships, drybulk carriers and multipurpose vessels. Euroseas provides tailored shipping solutions on time-charter and voyage-charter agreements, serving manufacturers, commodity traders and logistics providers across major trade routes.

Euroseas’s fleet comprises both owned and chartered tonnage, enabling the company to adjust capacity to market conditions and customer requirements.

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