Euroseas Ltd. (NASDAQ:ESEA) has earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokerages have set a one year consensus price objective of $2.18 for the company, according to Zacks. Zacks has also assigned Euroseas an industry rank of 210 out of 255 based on the ratings given to its competitors.
ESEA has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Euroseas from a “hold” rating to a “strong sell” rating in a research note on Friday, March 15th. ValuEngine upgraded shares of Euroseas from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th.
ESEA opened at $0.71 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 8.30. Euroseas has a 52-week low of $0.53 and a 52-week high of $3.87. The company has a market cap of $8.20 million, a price-to-earnings ratio of -2.46 and a beta of 0.67.
Euroseas (NASDAQ:ESEA) last announced its earnings results on Wednesday, February 20th. The shipping company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.08). The firm had revenue of $8.43 million during the quarter, compared to analysts’ expectations of $8.75 million. Euroseas had a negative net margin of 1.29% and a negative return on equity of 31.79%. On average, research analysts predict that Euroseas will post 0.01 earnings per share for the current fiscal year.
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; and drybulk carriers that transport iron ore, coal, grains, bauxite, phosphate, and fertilizers.
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