Euroseas Ltd. (NASDAQ:ESEA - Free Report) - Noble Financial upped their FY2025 earnings per share (EPS) estimates for shares of Euroseas in a research note issued to investors on Monday, September 15th. Noble Financial analyst M. Reichman now forecasts that the shipping company will earn $16.68 per share for the year, up from their prior forecast of $16.61. The consensus estimate for Euroseas' current full-year earnings is $15.15 per share. Noble Financial also issued estimates for Euroseas' Q4 2025 earnings at $4.32 EPS, Q1 2026 earnings at $4.45 EPS, Q2 2026 earnings at $4.53 EPS, Q3 2026 earnings at $4.33 EPS, Q4 2026 earnings at $4.19 EPS and FY2026 earnings at $17.49 EPS.
A number of other analysts have also recently weighed in on the company. Maxim Group increased their price objective on Euroseas from $57.00 to $62.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Wall Street Zen raised Euroseas from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $62.00.
Check Out Our Latest Analysis on ESEA
Euroseas Stock Down 0.5%
Shares of NASDAQ ESEA opened at $63.63 on Tuesday. Euroseas has a 52-week low of $26.30 and a 52-week high of $65.50. The business has a 50-day moving average price of $55.91 and a 200 day moving average price of $42.92. The company has a quick ratio of 3.15, a current ratio of 3.21 and a debt-to-equity ratio of 0.51. The stock has a market cap of $446.05 million, a PE ratio of 3.74 and a beta of 0.94.
Euroseas (NASDAQ:ESEA - Get Free Report) last announced its earnings results on Wednesday, August 13th. The shipping company reported $4.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.87 by $0.33. The firm had revenue of $57.23 million during the quarter, compared to analysts' expectations of $53.31 million. Euroseas had a return on equity of 28.56% and a net margin of 53.75%.
Euroseas Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 9th will be paid a dividend of $0.70 per share. This is a positive change from Euroseas's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.4%. Euroseas's dividend payout ratio (DPR) is currently 16.45%.
Hedge Funds Weigh In On Euroseas
Large investors have recently modified their holdings of the business. Millennium Management LLC raised its stake in shares of Euroseas by 661.4% during the 4th quarter. Millennium Management LLC now owns 40,931 shares of the shipping company's stock worth $1,482,000 after buying an additional 35,555 shares in the last quarter. Boston Partners raised its stake in shares of Euroseas by 37.5% during the 1st quarter. Boston Partners now owns 17,045 shares of the shipping company's stock worth $522,000 after buying an additional 4,647 shares in the last quarter. Novem Group purchased a new position in shares of Euroseas during the 4th quarter worth approximately $847,000. Lazard Asset Management LLC raised its stake in shares of Euroseas by 30.9% during the 4th quarter. Lazard Asset Management LLC now owns 30,165 shares of the shipping company's stock worth $1,091,000 after buying an additional 7,127 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in Euroseas in the 2nd quarter valued at approximately $277,000. 6.27% of the stock is owned by hedge funds and other institutional investors.
About Euroseas
(
Get Free Report)
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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