Okeanis Eco Tankers (ECO) Projected to Post Quarterly Earnings on Thursday

Okeanis Eco Tankers (NYSE:ECO) is expected to be issuing its quarterly earnings data after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $49.53 million for the quarter.

Okeanis Eco Tankers (NYSE:ECO) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.19. The company had revenue of $85.19 million for the quarter, compared to analyst estimates of $82.46 million. Okeanis Eco Tankers had a return on equity of 25.40% and a net margin of 27.68%.

Okeanis Eco Tankers Trading Up 1.0 %

NYSE:ECO opened at $21.67 on Thursday. The stock’s 50 day moving average price is $22.93 and its 200 day moving average price is $26.43. The company has a market capitalization of $697.68 million and a PE ratio of 6.41. Okeanis Eco Tankers has a 52-week low of $18.79 and a 52-week high of $36.69. The company has a quick ratio of 1.34, a current ratio of 1.64 and a debt-to-equity ratio of 1.46.

Okeanis Eco Tankers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.35 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 6.46%. Okeanis Eco Tankers’s dividend payout ratio is presently 41.42%.

Wall Street Analyst Weigh In

Separately, B. Riley dropped their target price on Okeanis Eco Tankers from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.