What is Noble Financial’s Estimate for Euroseas Q1 Earnings?

Euroseas Ltd. (NASDAQ:ESEA) – Equities researchers at Noble Financial lifted their Q1 2025 earnings estimates for Euroseas in a report released on Tuesday, January 21st. Noble Financial analyst M. Reichman now expects that the shipping company will post earnings per share of $5.02 for the quarter, up from their previous forecast of $3.89. The consensus estimate for Euroseas’ current full-year earnings is $15.15 per share. Noble Financial also issued estimates for Euroseas’ Q2 2025 earnings at $3.24 EPS, Q3 2025 earnings at $3.32 EPS and Q4 2025 earnings at $3.22 EPS.

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

Euroseas Stock Up 0.2 %

Shares of ESEA stock opened at $32.07 on Thursday. The stock’s fifty day moving average price is $36.75 and its 200 day moving average price is $40.52. Euroseas has a 1-year low of $31.14 and a 1-year high of $50.92. The company has a market cap of $224.81 million, a price-to-earnings ratio of 1.98 and a beta of 0.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.65 and a quick ratio of 1.59.

Hedge Funds Weigh In On Euroseas

Several hedge funds have recently made changes to their positions in ESEA. Renaissance Technologies LLC lifted its position in Euroseas by 3.0% during the 2nd quarter. Renaissance Technologies LLC now owns 97,478 shares of the shipping company’s stock worth $3,403,000 after acquiring an additional 2,877 shares during the period. Inspire Investing LLC purchased a new position in shares of Euroseas in the third quarter worth about $913,000. BayBridge Capital Group LLC lifted its holdings in shares of Euroseas by 8.7% during the third quarter. BayBridge Capital Group LLC now owns 13,244 shares of the shipping company’s stock worth $647,000 after purchasing an additional 1,057 shares during the period. Squarepoint Ops LLC boosted its position in Euroseas by 42.5% in the second quarter. Squarepoint Ops LLC now owns 12,135 shares of the shipping company’s stock valued at $424,000 after buying an additional 3,617 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in Euroseas in the 4th quarter worth approximately $306,000. 6.27% of the stock is owned by institutional investors and hedge funds.

Euroseas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders 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 dividend yield of 7.48%. Euroseas’s payout ratio is currently 14.80%.

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.