Euronav (EURN) to Release Earnings on Thursday

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Euronav (NYSE:EURN) will be posting its quarterly earnings results before the market opens on Thursday, May 6th. Analysts expect Euronav to post earnings of ($0.35) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Euronav (NYSE:EURN) last announced its earnings results on Thursday, February 4th. The shipping company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.05). The company had revenue of $111.50 million for the quarter, compared to the consensus estimate of $122.79 million. Euronav had a net margin of 47.83% and a return on equity of 27.32%. On average, analysts expect Euronav to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of EURN opened at $8.77 on Tuesday. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 2.72 and a beta of 0.47. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.62 and a current ratio of 1.96. Euronav has a fifty-two week low of $7.20 and a fifty-two week high of $11.46. The firm has a 50 day moving average price of $8.85 and a 200-day moving average price of $8.48.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 5th. Stockholders of record on Thursday, February 25th were issued a $0.12 dividend. The ex-dividend date was Wednesday, February 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.47%. Euronav’s payout ratio is 14.55%.

A hedge fund recently bought a new stake in Euronav stock. OLD Mission Capital LLC acquired a new stake in shares of Euronav NV (NYSE:EURN) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 32,892 shares of the shipping company’s stock, valued at approximately $290,000. 26.33% of the stock is currently owned by institutional investors and hedge funds.

EURN has been the subject of a number of recent research reports. ING Group lowered shares of Euronav from a “buy” rating to a “hold” rating in a report on Monday, April 12th. TheStreet downgraded shares of Euronav from a “b-” rating to a “c+” rating in a research report on Monday, February 8th. Zacks Investment Research downgraded shares of Euronav from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 6th. HC Wainwright initiated coverage on shares of Euronav in a research note on Monday, March 29th. They issued a “buy” rating and a $13.00 price target on the stock. Finally, BTIG Research upgraded shares of Euronav from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Friday, January 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $12.10.

About Euronav

Euronav NV, together with its subsidiaries, engages in the shipping and storage of crude oil worldwide. The company also offers floating, storage, and offloading (FSO) services. As of April 15, 2020, it owned and operated a fleet of 2 V-Plus vessels, 42 VLCCs, 26 Suezmaxes, and 2 FSO vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.

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Earnings History for Euronav (NYSE:EURN)

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