Noble Financial Has Strong Forecast for Euroseas Q1 Earnings

Euroseas Ltd. (NASDAQ:ESEA) – Investment analysts at Noble Financial lifted their Q1 2025 earnings per share (EPS) estimates for shares of Euroseas in a report released on Tuesday, January 21st. Noble Financial analyst M. Reichman now forecasts that the shipping company will earn $5.02 per share for the quarter, up from their previous forecast of $3.89. 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 $3.24 EPS, Q3 2025 earnings at $3.32 EPS and Q4 2025 earnings at $3.22 EPS.

Separately, StockNews.com lowered shares of Euroseas from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

Euroseas Stock Down 3.6 %

Shares of Euroseas stock opened at $32.02 on Thursday. Euroseas has a one year low of $31.14 and a one year high of $50.92. The company has a market cap of $224.46 million, a P/E ratio of 1.97 and a beta of 0.90. 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 fifty day moving average of $36.75 and a two-hundred day moving average of $40.52.

Institutional Trading of Euroseas

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC increased its stake in Euroseas by 67.5% in the 3rd quarter. Barclays PLC now owns 623 shares of the shipping company’s stock valued at $30,000 after purchasing an additional 251 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its position in shares of Euroseas by 6.8% in the third quarter. Redhawk Wealth Advisors Inc. now owns 7,593 shares of the shipping company’s stock valued at $371,000 after buying an additional 485 shares in the last quarter. BayBridge Capital Group LLC raised its stake in shares of Euroseas by 8.7% during the 3rd quarter. BayBridge Capital Group LLC now owns 13,244 shares of the shipping company’s stock worth $647,000 after buying an additional 1,057 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in shares of Euroseas by 25.0% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 7,810 shares of the shipping company’s stock worth $382,000 after buying an additional 1,560 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Euroseas by 3.0% in the 2nd quarter. Renaissance Technologies LLC now owns 97,478 shares of the shipping company’s stock valued at $3,403,000 after acquiring an additional 2,877 shares during the last quarter. Institutional investors and hedge funds own 6.27% of the company’s stock.

Euroseas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th were issued a $0.60 dividend. The ex-dividend date was Monday, December 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 7.50%. Euroseas’s dividend payout ratio is presently 14.80%.

Euroseas Company Profile

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.