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

Euroseas Ltd. (NASDAQ:ESEA - Free Report) - Noble Financial dropped their Q1 2025 earnings per share estimates for shares of Euroseas in a note issued to investors on Thursday, June 5th. Noble Financial analyst M. Reichman now forecasts that the shipping company will earn $3.35 per share for the quarter, down from their previous estimate of $3.41. The consensus estimate for Euroseas' current full-year earnings is $15.15 per share. Noble Financial also issued estimates for Euroseas' Q2 2025 earnings at $3.38 EPS.

Separately, Wall Street Zen began coverage on Euroseas in a report on Tuesday, May 20th. They issued a "hold" rating on the stock.

Euroseas Stock Performance

Euroseas stock opened at $40.85 on Monday. 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 company's 50-day moving average is $33.73 and its 200 day moving average is $34.04. Euroseas has a 1-year low of $26.30 and a 1-year high of $50.92. The firm has a market capitalization of $286.36 million, a P/E ratio of 2.52 and a beta of 0.78.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ESEA. Millennium Management LLC increased its position in shares of Euroseas by 661.4% during the fourth quarter. Millennium Management LLC now owns 40,931 shares of the shipping company's stock worth $1,482,000 after acquiring an additional 35,555 shares during the period. Marshall Wace LLP increased its holdings in Euroseas by 71.5% during the 4th quarter. Marshall Wace LLP now owns 40,703 shares of the shipping company's stock worth $1,473,000 after purchasing an additional 16,969 shares during the period. Mariner LLC purchased a new position in Euroseas during the 4th quarter worth $306,000. Novem Group purchased a new position in shares of Euroseas during the fourth quarter valued at $847,000. Finally, Renaissance Technologies LLC increased its stake in shares of Euroseas by 17.0% during the fourth quarter. Renaissance Technologies LLC now owns 115,078 shares of the shipping company's stock valued at $4,166,000 after buying an additional 16,700 shares during the period. Hedge funds and other institutional investors own 6.27% of the company's 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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