Q2 2024 EPS Estimates for Okeanis Eco Tankers Corp. (NYSE:ECO) Boosted by B. Riley

Okeanis Eco Tankers Corp. (NYSE:ECO) – Research analysts at B. Riley lifted their Q2 2024 earnings estimates for shares of Okeanis Eco Tankers in a research note issued to investors on Thursday, July 11th. B. Riley analyst L. Burke now expects that the company will post earnings per share of $0.90 for the quarter, up from their prior forecast of $0.88. B. Riley has a “Buy” rating and a $44.00 price target on the stock. The consensus estimate for Okeanis Eco Tankers’ current full-year earnings is $4.22 per share. B. Riley also issued estimates for Okeanis Eco Tankers’ FY2024 earnings at $4.27 EPS.

Okeanis Eco Tankers (NYSE:ECO) last issued its earnings results on Thursday, May 16th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. Okeanis Eco Tankers had a return on equity of 31.86% and a net margin of 32.84%. The business had revenue of $111.12 million during the quarter, compared to analyst estimates of $109.19 million.

Okeanis Eco Tankers Price Performance

Shares of Okeanis Eco Tankers stock opened at $30.25 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.61 and a debt-to-equity ratio of 1.47. The business’s 50-day simple moving average is $33.11. Okeanis Eco Tankers has a 1 year low of $22.00 and a 1 year high of $36.69. The company has a market cap of $973.75 million and a PE ratio of 7.22.

Hedge Funds Weigh In On Okeanis Eco Tankers

Large investors have recently added to or reduced their stakes in the company. Susquehanna International Securities Ltd. purchased a new position in Okeanis Eco Tankers in the first quarter worth $210,000. Glenorchy Capital Ltd purchased a new stake in Okeanis Eco Tankers in the fourth quarter valued at approximately $678,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Okeanis Eco Tankers in the fourth quarter worth $804,000.

Okeanis Eco Tankers Increases Dividend

The business also recently announced a — dividend, which was paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, June 5th. This is a boost from Okeanis Eco Tankers’s previous — dividend of $0.66. Okeanis Eco Tankers’s dividend payout ratio (DPR) is 105.01%.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.