Euroseas Ltd. (NASDAQ:ESEA) has received an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokers have set a one year consensus price target of $2.10 for the company and are anticipating that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also given Euroseas an industry rank of 210 out of 265 based on the ratings given to its competitors.
Several research firms have recently weighed in on ESEA. Zacks Investment Research raised Euroseas from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. ValuEngine lowered Euroseas from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd.
TRADEMARK VIOLATION WARNING: “Euroseas Ltd. (NASDAQ:ESEA) Receives Average Rating of “Hold” from Brokerages” was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://stocknewstimes.com/2017/08/09/euroseas-ltd-nasdaqesea-receives-average-rating-of-hold-from-brokerages-updated.html.
Shares of Euroseas (ESEA) traded up 1.48% during mid-day trading on Tuesday, reaching $1.37. 8,292 shares of the company traded hands. Euroseas has a 52-week low of $1.04 and a 52-week high of $8.07. The company’s 50 day moving average is $1.30 and its 200 day moving average is $1.42. The stock’s market capitalization is $15.31 million.
Euroseas (NASDAQ:ESEA) last issued its quarterly earnings results on Friday, May 12th. The shipping company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.14. The business had revenue of $8.29 million during the quarter. Euroseas had a negative return on equity of 20.36% and a negative net margin of 144.43%. On average, equities analysts forecast that Euroseas will post ($0.48) earnings per share for the current year.
An institutional investor recently raised its position in Euroseas stock. Renaissance Technologies LLC boosted its stake in shares of Euroseas Ltd. (NASDAQ:ESEA) by 28.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,670 shares of the shipping company’s stock after buying an additional 43,800 shares during the period. Renaissance Technologies LLC owned about 2.42% of Euroseas worth $336,000 at the end of the most recent quarter. Institutional investors and hedge funds own 2.82% of the company’s stock.
Euroseas Company Profile
Euroseas Ltd. is engaged in the shipping business. The Company is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company’s operations. The Company also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers.
Get a free copy of the Zacks research report on Euroseas (ESEA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Euroseas Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euroseas Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.
