FY2025 EPS Estimates for Euroseas Cut by Noble Financial

Euroseas Ltd. (NASDAQ:ESEA) – Investment analysts at Noble Financial cut their FY2025 EPS estimates for shares of Euroseas in a research report issued on Tuesday, January 21st. Noble Financial analyst M. Reichman now anticipates that the shipping company will earn $14.80 per share for the year, down from their prior estimate of $14.91. The consensus estimate for Euroseas’ current full-year earnings is $15.15 per share.

Separately, StockNews.com lowered Euroseas from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

Euroseas Trading Down 3.6 %

NASDAQ:ESEA opened at $32.02 on Wednesday. Euroseas has a 1 year low of $31.14 and a 1 year high of $50.92. The stock’s fifty day moving average price is $36.75 and its two-hundred day moving average price is $40.52. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.65 and a quick ratio of 1.59. The company has a market cap of $224.46 million, a P/E ratio of 1.97 and a beta of 0.90.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Inspire Investing LLC purchased a new position in shares of Euroseas in the 3rd quarter worth about $913,000. Exchange Traded Concepts LLC bought a new stake in Euroseas during the 4th quarter valued at $306,000. Retireful LLC bought a new stake in Euroseas in the 4th quarter worth $222,000. Geode Capital Management LLC bought a new position in shares of Euroseas during the third quarter valued at about $248,000. Finally, Squarepoint Ops LLC boosted its holdings in shares of Euroseas by 42.5% during the second quarter. Squarepoint Ops LLC now owns 12,135 shares of the shipping company’s stock worth $424,000 after purchasing an additional 3,617 shares during the period. 6.27% of the stock is currently owned by hedge funds and other institutional investors.

Euroseas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 9th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, December 9th. This represents a $2.40 annualized dividend and a yield of 7.50%. Euroseas’s dividend payout ratio is currently 14.80%.

About Euroseas

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.