Euroseas FY2025 EPS Estimate Lowered by Noble Financial

Euroseas Ltd. (NASDAQ:ESEA) – Equities researchers at Noble Financial lowered their FY2025 EPS estimates for Euroseas in a research note issued to investors on Tuesday, January 21st. Noble Financial analyst M. Reichman now expects that the shipping company will earn $14.80 per share for the year, down from their previous estimate of $14.91. The consensus estimate for Euroseas’ current full-year earnings is $15.15 per share.

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

Euroseas Stock Performance

NASDAQ ESEA opened at $32.07 on Wednesday. Euroseas has a fifty-two week low of $31.14 and a fifty-two week high of $50.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.59 and a current ratio of 1.65. The firm has a market capitalization of $224.81 million, a P/E ratio of 1.98 and a beta of 0.90. The stock has a 50-day simple moving average of $36.75 and a two-hundred day simple moving average of $40.52.

Institutional Investors Weigh In On Euroseas

A number of institutional investors have recently modified their holdings of the business. Barclays PLC grew its holdings in Euroseas by 67.5% in the third quarter. Barclays PLC now owns 623 shares of the shipping company’s stock valued at $30,000 after purchasing an additional 251 shares during the period. Redhawk Wealth Advisors Inc. grew its stake in Euroseas by 6.8% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 7,593 shares of the shipping company’s stock valued at $371,000 after acquiring an additional 485 shares during the period. BayBridge Capital Group LLC increased its holdings in Euroseas by 8.7% in the 3rd quarter. BayBridge Capital Group LLC now owns 13,244 shares of the shipping company’s stock worth $647,000 after acquiring an additional 1,057 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its position in Euroseas by 25.0% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 7,810 shares of the shipping company’s stock worth $382,000 after acquiring an additional 1,560 shares during the period. Finally, Renaissance Technologies LLC raised its position in Euroseas by 3.0% during the second 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. 6.27% of the stock is currently owned by institutional investors and hedge funds.

Euroseas Announces Dividend

The company also recently announced 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. This represents a $2.40 annualized dividend and a dividend yield of 7.48%. The ex-dividend date was Monday, December 9th. Euroseas’s payout ratio is currently 14.80%.

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.