Euroseas (NASDAQ:ESEA) Issues Earnings Results

Euroseas (NASDAQ:ESEA) announced its quarterly earnings results on Thursday. The shipping company reported $3.33 EPS for the quarter, missing analysts’ consensus estimates of $3.66 by ($0.33), Zacks reports. Euroseas had a net margin of 54.21% and a return on equity of 34.73%.

Euroseas Trading Down 2.2 %

ESEA traded down $0.73 during trading on Thursday, reaching $33.25. 28,425 shares of the company’s stock were exchanged, compared to its average volume of 35,727. The company has a current ratio of 1.65, a quick ratio of 1.59 and a debt-to-equity ratio of 0.53. Euroseas has a one year low of $30.21 and a one year high of $50.92. The firm has a fifty day moving average price of $33.78 and a two-hundred day moving average price of $39.54. The stock has a market capitalization of $232.92 million, a PE ratio of 2.05 and a beta of 0.85.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Euroseas stock. Bank of America Corp DE raised its position in Euroseas Ltd. (NASDAQ:ESEA) by 1,611.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,865 shares of the shipping company’s stock after purchasing an additional 1,756 shares during the period. Bank of America Corp DE’s holdings in Euroseas were worth $68,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 6.27% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.