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

Euroseas Ltd. (NASDAQ:ESEA) – Stock analysts at Noble Financial reduced their Q1 2025 earnings per share estimates for shares of Euroseas in a research report issued on Monday, March 3rd. Noble Financial analyst M. Reichman now forecasts that the shipping company will earn $3.39 per share for the quarter, down from their prior estimate of $5.25. 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 $3.34 EPS, Q3 2025 earnings at $3.36 EPS, Q4 2025 earnings at $3.26 EPS and FY2025 earnings at $13.35 EPS.

Separately, StockNews.com upgraded shares of Euroseas from a “hold” rating to a “buy” rating in a report on Monday.

Euroseas Trading Down 0.6 %

NASDAQ:ESEA opened at $33.07 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 1.65 and a debt-to-equity ratio of 0.53. Euroseas has a 1-year low of $30.21 and a 1-year high of $50.92. The firm has a market capitalization of $231.69 million, a price-to-earnings ratio of 2.04 and a beta of 0.85. The stock has a fifty day simple moving average of $33.75 and a 200 day simple moving average of $39.20.

Institutional Trading of Euroseas

Several institutional investors have recently made changes to their positions in ESEA. Barclays PLC increased its holdings in Euroseas by 67.5% in the third quarter. Barclays PLC now owns 623 shares of the shipping company’s stock worth $30,000 after buying an additional 251 shares during the last quarter. Bank of America Corp DE increased its stake in Euroseas by 1,611.0% during the fourth quarter. Bank of America Corp DE now owns 1,865 shares of the shipping company’s stock valued at $68,000 after acquiring an additional 1,756 shares during the period. Retireful LLC bought a new position in shares of Euroseas during the 4th quarter worth about $222,000. Geode Capital Management LLC bought a new position in Euroseas during the third quarter worth about $248,000. Finally, Mariner LLC acquired a new stake in Euroseas in the 4th quarter valued at $306,000. 6.27% of the stock is currently owned by institutional investors and hedge funds.

Euroseas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 7.86%. This is a positive change from Euroseas’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, March 11th. Euroseas’s payout ratio is presently 16.10%.

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.