Euroseas (ESEA) Projected to Post Quarterly Earnings on Thursday

Euroseas (NASDAQ:ESEA) is anticipated to announce its Q1 2025 earnings results before the market opens on Thursday, May 22nd. Analysts expect the company to announce earnings of $3.41 per share and revenue of $53.92 million for the quarter.

Euroseas Trading Up 3.0%

Shares of NASDAQ:ESEA opened at $38.99 on Wednesday. Euroseas has a 52-week low of $26.30 and a 52-week high of $50.92. The company has a quick ratio of 1.59, a current ratio of 1.65 and a debt-to-equity ratio of 0.53. The stock has a market cap of $273.32 million, a price-to-earnings ratio of 2.40 and a beta of 0.75. The business has a 50-day moving average price of $31.82 and a 200-day moving average price of $34.33.

Euroseas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.65 per share. This is a positive change from Euroseas’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 6.67%. The ex-dividend date was Tuesday, March 11th. Euroseas’s dividend payout ratio is presently 16.10%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Euroseas in a report on Tuesday. They issued a “hold” rating on the stock.

Institutional Trading of Euroseas

A hedge fund recently raised its stake in Euroseas stock. Bank of America Corp DE increased its position in shares of Euroseas Ltd. (NASDAQ:ESEA) by 1,611.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,865 shares of the shipping company’s stock after buying an additional 1,756 shares during the quarter. Bank of America Corp DE’s holdings in Euroseas were worth $68,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.