CMB.TECH (NYSE:CMBT) Releases Earnings Results

CMB.TECH (NYSE:CMBT) posted its earnings results on Tuesday. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $1.00, FiscalAI reports. The business had revenue of $519.63 million during the quarter, compared to analyst estimates of $422.43 million. CMB.TECH had a return on equity of 6.25% and a net margin of 9.70%.

CMB.TECH Stock Performance

CMBT stock opened at $15.09 on Tuesday. The company has a market cap of $2.98 billion, a P/E ratio of 23.22 and a beta of 0.06. CMB.TECH has a 1 year low of $7.78 and a 1 year high of $15.57. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.86 and a quick ratio of 0.79. The stock’s fifty day moving average price is $13.24 and its 200-day moving average price is $11.89.

CMB.TECH Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 15th were paid a $0.16 dividend. The ex-dividend date was Wednesday, April 15th. CMB.TECH’s dividend payout ratio (DPR) is 27.69%.

Analyst Ratings Changes

A number of research firms have commented on CMBT. Weiss Ratings lowered CMB.TECH from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Wall Street Zen raised CMB.TECH from a “sell” rating to a “hold” rating in a report on Sunday, April 12th. Finally, Berenberg Bank raised CMB.TECH to a “strong-buy” rating in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Hedge Funds Weigh In On CMB.TECH

A number of institutional investors and hedge funds have recently modified their holdings of the company. Headlands Technologies LLC boosted its stake in shares of CMB.TECH by 3.0% in the 4th quarter. Headlands Technologies LLC now owns 67,058 shares of the company’s stock worth $647,000 after buying an additional 1,957 shares during the last quarter. Mariner LLC boosted its stake in shares of CMB.TECH by 4.0% in the 4th quarter. Mariner LLC now owns 63,372 shares of the company’s stock worth $612,000 after buying an additional 2,439 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new position in shares of CMB.TECH in the 4th quarter worth $26,000. Raymond James Financial Inc. purchased a new position in shares of CMB.TECH in the 2nd quarter worth $27,000. Finally, Swiss National Bank boosted its stake in shares of CMB.TECH by 1.7% in the 4th quarter. Swiss National Bank now owns 248,913 shares of the company’s stock worth $2,368,000 after buying an additional 4,126 shares during the last quarter.

About CMB.TECH

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.