Euroseas (ESEA) Set to Announce Quarterly Earnings on Tuesday

Euroseas (NASDAQ:ESEA) is set to issue its quarterly earnings data before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $2.49 per share for the quarter.

Euroseas (NASDAQ:ESEA) last announced its quarterly earnings results on Thursday, May 23rd. The shipping company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.36). The company had revenue of $48.29 million during the quarter, compared to analyst estimates of $48.10 million. Euroseas had a net margin of 54.50% and a return on equity of 39.84%. On average, analysts expect Euroseas to post $10 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Euroseas Stock Performance

NASDAQ:ESEA opened at $36.98 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $259.23 million, a price-to-earnings ratio of 2.43 and a beta of 0.81. The firm’s fifty day simple moving average is $37.69 and its 200 day simple moving average is $36.93. Euroseas has a twelve month low of $21.01 and a twelve month high of $42.46.

Euroseas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, June 12th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend was Wednesday, June 12th. Euroseas’s dividend payout ratio (DPR) is 15.76%.

Analyst Upgrades and Downgrades

Separately, Noble Financial upgraded shares of Euroseas to a “strong-buy” rating in a research note on Wednesday, July 10th.

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.