Euroseas Limited’s stock is traded under the ticker symbol NASDAQ: ESEA. In a report made public on Tuesday, August 23, equity research analysts working for Univest Sec cut their predictions for Euroseas’ earnings per share (EPS) for the third quarter of 2022. The analysis was made available for public consumption. J. Jang, an analyst, working for Univest Sec, has revised his previous projection for the shipping company’s earnings in the fourth quarter from $3.61 per share to $3.39 per share. This represents a decline from his former estimate of $3.61 per share. A “Buy” recommendation has been issued by Univest Sec on the stock. According to the opinions of the vast majority of market analysts, the current profit projection for Euroseas’ entire fiscal year is $15.43 per share. In a research report released on June 3, Bloomberg moved Euroseas’ recommendation from “hold” to “buy.” This adjustment was made public. The opinions of four distinct financial experts have been compiled, and all of them recommend that shareholders purchase the shares. According to Bloomberg, the consensus view regarding Euroseas is that investors should “Buy” the company’s shares, and the average price objective for the stock is $40. This price objective is in line with the consensus. On Thursday morning, the NASDAQ ESEA Euroseas Price PerformanceShares opened trading for $23.48. The moving average for the stock over the past 50 days is $24.08, and the moving average over the past 200 days is $26.64.
The company is estimated to have a market value of $171.17 million, while its PE ratio is 1.85 and its beta is 0.64. The current ratio is 0.23, the quick ratio is 0.18, and the debt to equity ratio is 0.48. In other words, the debt-to-equity ratio is 0.48. During the past year, the price in Europe has fluctuated between $20.38 and $39.17, with a low of $20.38 and a high of $39.17, respectively. The most current quarterly earnings report for Euroseas (NASDAQ: ESEA) was released on the company’s website on Monday, May 23, 2018. The shipping industry reported $3.70 per share earnings for the quarter, which was below the consensus forecast of $3.73 from market experts by $0.05. The industry as a whole earned earnings of $4.20 billion for the quarter. The actual revenue for the quarter was $47.12 million, which was significantly more than analysts’ predicted, which was $44.90 million. Euroseas had a return on equity of 94.39% and a net margin of 59.19% for the company overall. The company recorded a profit of $0.45 per share in the same period the year before. The viewpoints of various types of institutional investors When it comes to Europe, Recent months have seen several significant institutional investors adjusting the stock holding portfolios they maintain. At the end of the second quarter, Millennium Management LLC successfully achieved a 57.1% increase in the size of its assets in Europe.
Millennium Management LLC now has 136,234 shares of the shipping company’s stock, worth a combined total of $3,260,000, after purchasing an additional 49,492 shares during the most recent quarter. This brings Millennium Management LLC’s total number of shares to 136,234. Renaissance Technologies LLC was successful in growing its holdings in Europe by 20.7% during the second quarter. The previous quarter saw Renaissance Technologies LLC purchase an additional 10,800 shares, bringing their total number of shares in the shipping industry to 63,078. The value of these shares as of right now is $1,508,000 in total. Euroseas received a contribution of $766,000 from Walleye Capital LLC during the first three months of the year. During the first three months of 2018, L & S Advisors, Inc. invested 348,000 dollars in Europe.
Last but not least, during the fourth and final quarter of 2018, Navellier & Associates Inc. boosted the amount of Euroseas stock owned by 6.9%. Navellier & Associates Inc. now has 10,897 shares of the shipping company’s stock, worth a combined total of $271,000 after the firm made an additional 706 shares during the most recent quarter. Currently, institutions hold 7.33 percent of the total equity in the company. The Following Is a Statement Regarding the European Dividend. In addition, the business has recently announced the payment of a quarterly dividend, which will take place on September 16, according to the plan that was just made public. This payment will be made for $0.50 on Friday, September 9. As a result, the dividend yield is 8.52 percent, and the annual distribution is two dollars. The date shareholders will be required to pay taxes on the dividend that will be disbursed is Thursday, September 8. It has been determined that Euroseas has a payout percentage of 15.79%.
Regarding Europe’s waterways, Euroseas Ltd. is a firm that provides services related to oceangoing transportation to customers in every region of the world. The corporation owns and operates containerships, which are ships that can transport manufactured goods and perishable goods in either dry or cold containers. These containers can be dry or cold. As of May 3, 2022, the company has a total cargo capacity of around 58,871 twenty-foot equivalent units throughout its fleet of 18 boats. In addition, the company’s fleet consisted of eight intermediate containerships and ten feeder boats.
