Euroseas (ESEA) Expected to Announce Quarterly Earnings on Wednesday

Euroseas (NASDAQ:ESEA) is expected to be posting its quarterly earnings results before the market opens on Wednesday, February 19th. Analysts expect Euroseas to post earnings of $3.66 per share and revenue of $52.20 million for the quarter.

Euroseas Stock Up 0.3 %

NASDAQ ESEA opened at $33.76 on Wednesday. Euroseas has a 52 week low of $30.21 and a 52 week high of $50.92. The firm has a market capitalization of $236.66 million, a price-to-earnings ratio of 2.08 and a beta of 0.85. The company has a quick ratio of 1.59, a current ratio of 1.65 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average of $34.39 and a two-hundred day moving average of $39.88.

Euroseas Dividend Announcement

The firm also recently declared 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. This represents a $2.40 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date was Monday, December 9th. Euroseas’s dividend payout ratio is currently 14.80%.

Analysts Set New Price Targets

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

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.