What is Noble Financial’s Forecast for Euroseas Q1 Earnings?

Euroseas Ltd. (NASDAQ:ESEA) – Equities researchers at Noble Financial decreased their Q1 2025 earnings per share (EPS) estimates for Euroseas in a research note issued to investors on Thursday, June 5th. Noble Financial analyst M. Reichman now forecasts that the shipping company will earn $3.35 per share for the quarter, down from their previous forecast of $3.41. 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 $3.38 EPS.

Separately, Wall Street Zen initiated coverage on Euroseas in a report on Tuesday, May 20th. They issued a “hold” rating for the company.

Euroseas Stock Performance

NASDAQ:ESEA opened at $41.30 on Monday. The firm has a market capitalization of $289.51 million, a PE ratio of 2.55 and a beta of 0.78. The business’s fifty day moving average price is $34.17 and its 200 day moving average price is $34.09. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.65 and a quick ratio of 1.59. Euroseas has a 12 month low of $26.30 and a 12 month high of $50.92.

Institutional Investors Weigh In On Euroseas

A number of institutional investors have recently added to or reduced their stakes in ESEA. Bank of America Corp DE raised 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 acquiring an additional 1,756 shares in the last quarter. Mariner LLC purchased a new position in Euroseas in the fourth quarter worth $306,000. Cubist Systematic Strategies LLC raised its position in Euroseas by 4.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 10,813 shares of the shipping company’s stock worth $391,000 after acquiring an additional 471 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its position in Euroseas by 46.1% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 11,410 shares of the shipping company’s stock worth $413,000 after acquiring an additional 3,600 shares in the last quarter. Finally, Boston Partners raised its position in Euroseas by 37.5% in the first quarter. Boston Partners now owns 17,045 shares of the shipping company’s stock worth $522,000 after acquiring an additional 4,647 shares in the last quarter. Hedge funds and other institutional investors own 6.27% of the company’s stock.

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.