Research Analysts Issue Forecasts for Euroseas Ltd.’s Q2 2024 Earnings (NASDAQ:ESEA)

Euroseas Ltd. (NASDAQ:ESEAFree Report) – Analysts at Noble Financial lowered their Q2 2024 EPS estimates for shares of Euroseas in a report released on Friday, May 24th. Noble Financial analyst M. Heim now expects that the shipping company will earn $2.49 per share for the quarter, down from their previous estimate of $2.55. The consensus estimate for Euroseas’ current full-year earnings is $11.64 per share. Noble Financial also issued estimates for Euroseas’ Q1 2025 earnings at $2.34 EPS and Q2 2025 earnings at $1.35 EPS.

Euroseas Trading Up 2.6 %

ESEA opened at $37.73 on Monday. The stock has a 50-day moving average of $35.86 and a 200 day moving average of $34.57. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.38. Euroseas has a 12 month low of $19.71 and a 12 month high of $42.29. The firm has a market cap of $264.49 million, a P/E ratio of 2.48 and a beta of 0.88.

Euroseas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 12th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.36%. The ex-dividend date is Wednesday, June 12th. Euroseas’s dividend payout ratio (DPR) is 15.76%.

Hedge Funds Weigh In On Euroseas

Several large investors have recently modified their holdings of ESEA. Beacon Capital Management LLC bought a new stake in Euroseas in the first quarter worth $36,000. Tucker Asset Management LLC bought a new stake in shares of Euroseas in the 4th quarter worth about $86,000. Jump Financial LLC purchased a new position in shares of Euroseas during the 4th quarter worth about $262,000. Lazard Asset Management LLC boosted its stake in shares of Euroseas by 3,282.3% during the 1st quarter. Lazard Asset Management LLC now owns 8,219 shares of the shipping company’s stock worth $294,000 after purchasing an additional 7,976 shares during the period. Finally, Virtu Financial LLC bought a new position in Euroseas during the 4th quarter valued at about $350,000. Institutional investors own 6.27% of the company’s stock.

Euroseas Company Profile

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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.

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Earnings History and Estimates for Euroseas (NASDAQ:ESEA)

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