Shares of Euroseas Ltd. (NASDAQ:ESEA) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus target price of $2.18 for the company, according to Zacks. Zacks has also given Euroseas an industry rank of 83 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded Euroseas from a “strong sell” rating to a “hold” rating in a report on Monday, January 21st.
ESEA stock traded down $0.03 during midday trading on Friday, hitting $0.69. 20,905 shares of the company traded hands, compared to its average volume of 47,317. Euroseas has a twelve month low of $0.53 and a twelve month high of $3.87. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 8.30. The company has a market cap of $8.52 million, a PE ratio of -2.38 and a beta of 0.70.
Euroseas (NASDAQ:ESEA) last announced its quarterly earnings results on Wednesday, February 20th. The shipping company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.08). Euroseas had a negative net margin of 1.29% and a negative return on equity of 31.79%. The company had revenue of $8.43 million for the quarter, compared to analyst estimates of $8.75 million. As a group, equities analysts expect that Euroseas will post 0.01 EPS 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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