Equities research analysts expect Euronav NV (NYSE:EURN) to post $362.70 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Euronav’s earnings, with the highest sales estimate coming in at $365.13 million and the lowest estimate coming in at $360.26 million. Euronav posted sales of $191.62 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 89.3%. The business is expected to report its next quarterly earnings report before the market opens on Thursday, January 30th.
On average, analysts expect that Euronav will report full-year sales of $832.40 million for the current year, with estimates ranging from $827.68 million to $837.12 million. For the next fiscal year, analysts expect that the firm will post sales of $989.05 million, with estimates ranging from $983.06 million to $995.04 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Euronav.
Euronav (NYSE:EURN) last posted its quarterly earnings data on Tuesday, October 29th. The shipping company reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.06. The business had revenue of $90.44 million for the quarter, compared to the consensus estimate of $134.83 million. Euronav had a negative net margin of 5.12% and a negative return on equity of 1.31%.
A number of hedge funds have recently made changes to their positions in the business. Millennium Management LLC increased its position in shares of Euronav by 3,562.3% during the third quarter. Millennium Management LLC now owns 366,230 shares of the shipping company’s stock valued at $3,369,000 after acquiring an additional 356,230 shares during the last quarter. Barclays PLC increased its holdings in Euronav by 1,015.6% in the 3rd quarter. Barclays PLC now owns 544,890 shares of the shipping company’s stock valued at $5,013,000 after purchasing an additional 496,046 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Euronav by 6.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 812,045 shares of the shipping company’s stock valued at $7,465,000 after purchasing an additional 50,746 shares during the last quarter. Albert D Mason Inc. increased its holdings in Euronav by 383.6% in the 3rd quarter. Albert D Mason Inc. now owns 50,775 shares of the shipping company’s stock valued at $467,000 after purchasing an additional 40,275 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its position in Euronav by 198.1% in the third quarter. Campbell & CO Investment Adviser LLC now owns 67,847 shares of the shipping company’s stock valued at $624,000 after purchasing an additional 45,090 shares during the period. 28.51% of the stock is owned by institutional investors.
NYSE:EURN traded up $0.46 during trading hours on Tuesday, hitting $11.16. 1,601,957 shares of the stock were exchanged, compared to its average volume of 1,129,931. The firm’s fifty day moving average price is $11.01 and its 200 day moving average price is $9.34. Euronav has a 52-week low of $6.77 and a 52-week high of $11.79. The company has a market cap of $2.35 billion, a P/E ratio of -17.17 and a beta of 1.00. The company has a current ratio of 1.88, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72.
Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of December 12, 2018, it owned and operated a fleet of vessels, including 43 very large crude carriers, 2 ULCCs, 26 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 1 LR1s.
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