Analysts Expect Euronav NV (EURN) Will Post Earnings of -$0.08 Per Share
Equities research analysts expect that Euronav NV (NYSE:EURN) will post earnings per share of ($0.08) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Euronav’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.10). Euronav posted earnings of $0.09 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 188.9%. The business is expected to issue its next quarterly earnings report on Thursday, January 25th.
According to Zacks, analysts expect that Euronav will report full-year earnings of ($0.06) per share for the current financial year, with EPS estimates ranging from ($0.08) to ($0.02). For the next financial year, analysts expect that the company will report earnings of ($0.18) per share, with EPS estimates ranging from ($0.42) to $0.17. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Euronav.
Several research analysts recently weighed in on the company. Stifel Nicolaus reissued a “hold” rating and set a $8.50 price target on shares of Euronav in a research report on Wednesday, December 6th. TheStreet lowered Euronav from a “c-” rating to a “d+” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised Euronav from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. BidaskClub raised Euronav from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Finally, ValuEngine raised Euronav from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Euronav presently has a consensus rating of “Hold” and a consensus price target of $9.00.
A number of large investors have recently bought and sold shares of EURN. Lasry Marc acquired a new position in Euronav in the 3rd quarter worth about $14,203,000. Allianz Asset Management GmbH increased its position in Euronav by 5.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 200,574 shares of the shipping company’s stock worth $1,649,000 after purchasing an additional 10,072 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Euronav by 20.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 95,432 shares of the shipping company’s stock worth $773,000 after purchasing an additional 16,120 shares during the last quarter. 22.70% of the stock is currently owned by hedge funds and other institutional investors.
Euronav (NYSE EURN) traded down $0.05 during trading hours on Friday, reaching $8.10. The company had a trading volume of 293,100 shares, compared to its average volume of 499,675. The firm has a market capitalization of $1,297.55, a price-to-earnings ratio of 116.43 and a beta of 0.78. Euronav has a 52-week low of $6.90 and a 52-week high of $9.00. The company has a quick ratio of 1.64, a current ratio of 1.29 and a debt-to-equity ratio of 0.46.
Euronav Company Profile
Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of April 4, 2017, it owned and operated a fleet of 55 double hulled vessels, including 31 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 2 Suezmax vessels under construction.
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