Euroseas Ltd. (NASDAQ:ESEA) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Analysts have set a 1 year consensus price objective of $2.63 for the company and are predicting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also given Euroseas an industry rank of 66 out of 256 based on the ratings given to its competitors.

A number of research analysts have issued reports on ESEA shares. Noble Financial started coverage on shares of Euroseas in a research note on Friday, September 21st. They set an “outperform” rating on the stock. Zacks Investment Research lowered shares of Euroseas from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 21st. ValuEngine upgraded shares of Euroseas from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. Finally, Maxim Group restated a “buy” rating and set a $3.00 price target on shares of Euroseas in a research note on Friday, November 16th.

NASDAQ ESEA opened at $0.85 on Friday. The company has a debt-to-equity ratio of 9.79, a current ratio of 0.67 and a quick ratio of 0.57. Euroseas has a 52 week low of $0.53 and a 52 week high of $3.87. The company has a market cap of $8.79 million, a P/E ratio of -2.23 and a beta of 0.70.

Euroseas (NASDAQ:ESEA) last issued its quarterly earnings results on Thursday, November 15th. The shipping company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.14). Euroseas had a net margin of 3.76% and a negative return on equity of 8.84%. The company had revenue of $8.35 million for the quarter, compared to analyst estimates of $8.32 million. Research analysts forecast that Euroseas will post -0.1 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Euroseas stock. Renaissance Technologies LLC lifted its holdings in Euroseas Ltd. (NASDAQ:ESEA) by 98.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,395 shares of the shipping company’s stock after acquiring an additional 43,800 shares during the quarter. Renaissance Technologies LLC owned 0.78% of Euroseas worth $155,000 as of its most recent SEC filing. 2.29% of the stock is currently owned by hedge funds and other institutional investors.

About Euroseas

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.

Featured Story: Investing strategies using the yield curve

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euroseas and related companies with MarketBeat.com's FREE daily email newsletter.