FY2025 EPS Estimates for Euroseas Cut by Noble Financial

Euroseas Ltd. (NASDAQ:ESEA) – Stock analysts at Noble Financial lowered their FY2025 earnings estimates for Euroseas in a research report issued on Tuesday, January 21st. Noble Financial analyst M. Reichman now forecasts that the shipping company will post earnings of $14.80 per share for the year, down from their prior forecast of $14.91. The consensus estimate for Euroseas’ current full-year earnings is $15.15 per share.

Separately, StockNews.com downgraded shares of Euroseas from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

Euroseas Stock Up 0.7 %

Shares of NASDAQ:ESEA opened at $33.23 on Wednesday. The company’s fifty day moving average is $36.91 and its two-hundred day moving average is $40.58. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.59 and a current ratio of 1.65. Euroseas has a 1-year low of $31.14 and a 1-year high of $50.92. The stock has a market capitalization of $232.94 million, a price-to-earnings ratio of 2.05 and a beta of 0.90.

Institutional Trading of Euroseas

Several hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in Euroseas by 3.0% in the second quarter. Renaissance Technologies LLC now owns 97,478 shares of the shipping company’s stock worth $3,403,000 after purchasing an additional 2,877 shares during the period. Inspire Investing LLC bought a new stake in shares of Euroseas during the 3rd quarter worth about $913,000. BayBridge Capital Group LLC lifted its stake in shares of Euroseas by 8.7% in the 3rd quarter. BayBridge Capital Group LLC now owns 13,244 shares of the shipping company’s stock worth $647,000 after acquiring an additional 1,057 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of Euroseas by 42.5% in the second quarter. Squarepoint Ops LLC now owns 12,135 shares of the shipping company’s stock valued at $424,000 after acquiring an additional 3,617 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Euroseas during the fourth quarter valued at approximately $306,000. 6.27% of the stock is currently owned by institutional investors.

Euroseas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 7.22%. The ex-dividend date of this dividend was Monday, December 9th. Euroseas’s payout ratio is 14.80%.

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.