Euroseas (NASDAQ:ESEA) Cut to Hold at Wall Street Zen
by Jessica Moore · The Cerbat GemWall Street Zen downgraded shares of Euroseas (NASDAQ:ESEA – Free Report) from a buy rating to a hold rating in a report published on Saturday morning.
Several other equities analysts also recently commented on ESEA. Alliance Global Partners reissued a “buy” rating on shares of Euroseas in a report on Monday, April 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Euroseas in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.00.
Check Out Our Latest Stock Analysis on ESEA
Euroseas Price Performance
ESEA stock opened at $69.42 on Friday. Euroseas has a one year low of $30.52 and a one year high of $74.75. The company’s fifty day moving average price is $66.39 and its 200-day moving average price is $60.01. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.82 and a current ratio of 4.89. The company has a market capitalization of $486.63 million, a PE ratio of 3.54 and a beta of 0.73.
Euroseas (NASDAQ:ESEA – Get Free Report) last released its earnings results on Thursday, February 26th. The shipping company reported $4.48 EPS for the quarter, topping the consensus estimate of $4.47 by $0.01. Euroseas had a net margin of 60.11% and a return on equity of 27.82%. The firm had revenue of $57.39 million for the quarter, compared to the consensus estimate of $57.83 million. On average, equities analysts anticipate that Euroseas will post 17.34 EPS for the current fiscal year.
Euroseas Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 10th were given a $0.75 dividend. This is a boost from Euroseas’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, March 10th. Euroseas’s dividend payout ratio (DPR) is presently 15.29%.
Institutional Investors Weigh In On Euroseas
Several large investors have recently bought and sold shares of ESEA. Bank of America Corp DE increased its position in Euroseas by 1,611.0% in the fourth quarter. Bank of America Corp DE now owns 1,865 shares of the shipping company’s stock worth $68,000 after purchasing an additional 1,756 shares during the last quarter. Geode Capital Management LLC bought a new stake in Euroseas in the second quarter worth $226,000. Jump Financial LLC bought a new stake in Euroseas in the second quarter worth $260,000. Raymond James Financial Inc. bought a new stake in Euroseas in the second quarter worth $870,000. Finally, Jane Street Group LLC bought a new stake in Euroseas in the second quarter worth $259,000. Institutional investors own 6.27% of the company’s stock.
About Euroseas
Euroseas Ltd. (NASDAQ: ESEA) is an international shipping company specializing in seaborne transportation of containerized and drybulk cargoes. Incorporated in Bermuda with its principal operations and management office based in Athens, Greece, the company owns and charters a diversified fleet of containerships, drybulk carriers and multipurpose vessels. Euroseas provides tailored shipping solutions on time-charter and voyage-charter agreements, serving manufacturers, commodity traders and logistics providers across major trade routes.
Euroseas’s fleet comprises both owned and chartered tonnage, enabling the company to adjust capacity to market conditions and customer requirements.