Q1 Earnings Estimate for Euroseas Issued By Noble Financial

Euroseas Ltd. (NASDAQ:ESEA - Free Report) - Equities researchers at Noble Financial decreased their Q1 2025 EPS estimates for shares of Euroseas in a research report issued to clients and investors on Thursday, June 5th. Noble Financial analyst M. Reichman now anticipates that the shipping company will earn $3.35 per share for the quarter, down from their prior 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 assumed coverage on Euroseas in a report on Tuesday, May 20th. They set a "hold" rating on the stock.

Euroseas Price Performance

Shares of ESEA stock traded up $0.37 during trading hours on Monday, hitting $43.60. The company's stock had a trading volume of 20,792 shares, compared to its average volume of 37,130. The company has a current ratio of 1.65, a quick ratio of 1.59 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average of $34.49 and a 200-day moving average of $34.16. Euroseas has a twelve month low of $26.30 and a twelve month high of $50.92. The stock has a market cap of $305.64 million, a price-to-earnings ratio of 2.69 and a beta of 0.78.

Institutional Trading of Euroseas

Hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC grew its holdings in Euroseas by 4.6% during the 4th quarter. Cubist Systematic Strategies LLC now owns 10,813 shares of the shipping company's stock valued at $391,000 after purchasing an additional 471 shares in the last quarter. Bank of America Corp DE boosted its position in Euroseas by 1,611.0% in the 4th quarter. Bank of America Corp DE now owns 1,865 shares of the shipping company's stock valued at $68,000 after buying an additional 1,756 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in shares of Euroseas by 46.1% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 11,410 shares of the shipping company's stock valued at $413,000 after acquiring an additional 3,600 shares in the last quarter. Boston Partners increased its position in shares of Euroseas by 37.5% during the first quarter. Boston Partners now owns 17,045 shares of the shipping company's stock worth $522,000 after acquiring an additional 4,647 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Euroseas by 30.9% during the fourth quarter. Lazard Asset Management LLC now owns 30,165 shares of the shipping company's stock worth $1,091,000 after acquiring an additional 7,127 shares during the last quarter. Hedge funds and other institutional investors own 6.27% of the company's stock.

Euroseas Company Profile

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.