Noble Financial Has Pessimistic View of Euroseas Q2 Earnings

Euroseas Ltd. (NASDAQ:ESEA) – Investment analysts at Noble Financial lowered their Q2 2026 earnings estimates for shares of Euroseas in a research note issued on Thursday, February 12th. Noble Financial analyst M. Reichman now forecasts that the shipping company will earn $4.32 per share for the quarter, down from their previous estimate of $4.43. The consensus estimate for Euroseas’ current full-year earnings is $15.15 per share. Noble Financial also issued estimates for Euroseas’ Q3 2026 earnings at $4.07 EPS, Q4 2026 earnings at $4.11 EPS and FY2026 earnings at $16.94 EPS.

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Euroseas in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.00.

Euroseas Price Performance

Shares of ESEA opened at $55.56 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.59 and a quick ratio of 3.53. The company’s fifty day moving average price is $55.37 and its 200-day moving average price is $57.49. Euroseas has a 1-year low of $26.30 and a 1-year high of $66.00. The firm has a market capitalization of $389.48 million, a PE ratio of 3.21 and a beta of 0.81.

Euroseas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Tuesday, December 9th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, December 9th. Euroseas’s dividend payout ratio is presently 16.17%.

Hedge Funds Weigh In On Euroseas

A number of institutional investors have recently modified their holdings of ESEA. Citadel Advisors LLC boosted its stake in shares of Euroseas by 144.9% in the third quarter. Citadel Advisors LLC now owns 26,576 shares of the shipping company’s stock worth $1,584,000 after buying an additional 15,724 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Euroseas by 1.3% in the third quarter. Raymond James Financial Inc. now owns 19,716 shares of the shipping company’s stock valued at $1,175,000 after acquiring an additional 260 shares during the period. Boston Partners boosted its position in Euroseas by 14.5% in the 3rd quarter. Boston Partners now owns 19,517 shares of the shipping company’s stock worth $1,163,000 after purchasing an additional 2,472 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Euroseas during the 3rd quarter worth approximately $1,136,000. Finally, Two Sigma Investments LP purchased a new position in shares of Euroseas during the 3rd quarter valued at approximately $989,000. Hedge funds and other institutional investors own 6.27% of the company’s stock.

About Euroseas

Euroseas Ltd. (NASDAQ: ESEA) is an international shipping company specializing in seaborne transportation of containerized and drybulk cargoes. Incorporated in Bermuda with its principal operations and management office based in Athens, Greece, the company owns and charters a diversified fleet of containerships, drybulk carriers and multipurpose vessels. Euroseas provides tailored shipping solutions on time-charter and voyage-charter agreements, serving manufacturers, commodity traders and logistics providers across major trade routes.

Euroseas’s fleet comprises both owned and chartered tonnage, enabling the company to adjust capacity to market conditions and customer requirements.