Wall Street analysts expect that Euroseas Ltd. (NASDAQ:ESEA) will report earnings per share of $0.01 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Euroseas’ earnings. Euroseas posted earnings of ($0.07) per share in the same quarter last year, which suggests a positive year over year growth rate of 114.3%. The business is expected to issue its next earnings results on Wednesday, February 19th.
According to Zacks, analysts expect that Euroseas will report full-year earnings of ($0.11) per share for the current financial year. For the next financial year, analysts forecast that the business will post earnings of $0.10 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Euroseas.
Euroseas (NASDAQ:ESEA) last posted its quarterly earnings data on Monday, November 25th. The shipping company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $10.78 million during the quarter. Euroseas had a negative return on equity of 28.84% and a negative net margin of 4.11%.
Several research analysts have weighed in on the stock. Maxim Group reiterated a “buy” rating and issued a $1.00 price target on shares of Euroseas in a research report on Wednesday, November 20th. Noble Financial reiterated a “buy” rating and set a $1.30 target price on shares of Euroseas in a research report on Thursday, August 22nd. ValuEngine downgraded Euroseas from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. Finally, Zacks Investment Research upgraded Euroseas from a “strong sell” rating to a “hold” rating in a research report on Monday, October 21st.
NASDAQ ESEA traded down $0.02 during trading hours on Thursday, hitting $0.44. 21,572 shares of the company’s stock traded hands, compared to its average volume of 150,407. Euroseas has a 52 week low of $0.42 and a 52 week high of $1.03. The firm has a market capitalization of $5.89 million, a P/E ratio of -1.52 and a beta of 0.69. The company has a current ratio of 0.49, a quick ratio of 0.38 and a debt-to-equity ratio of 3.26. The business’s fifty day moving average price is $0.59 and its two-hundred day moving average price is $0.63.
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; and drybulk carriers that transport iron ore, coal, grains, bauxite, phosphate, and fertilizers.
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