Equities analysts expect Euronav NV (NYSE:EURN) to report sales of $185.01 million for the current quarter, Zacks reports. Four analysts have made estimates for Euronav’s earnings, with estimates ranging from $162.12 million to $202.70 million. Euronav posted sales of $119.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 55.5%. The firm is scheduled to issue its next quarterly earnings results on Thursday, January 24th.

On average, analysts expect that Euronav will report full-year sales of $463.32 million for the current fiscal year, with estimates ranging from $420.93 million to $548.88 million. For the next fiscal year, analysts forecast that the company will post sales of $702.27 million, with estimates ranging from $594.15 million to $805.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Euronav.

Several analysts recently weighed in on EURN shares. Zacks Investment Research raised shares of Euronav from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Tuesday, October 16th. Jefferies Financial Group started coverage on shares of Euronav in a research note on Monday, October 1st. They issued a “buy” rating and a $11.00 price objective on the stock. BTIG Research started coverage on shares of Euronav in a research note on Thursday, September 27th. They issued a “buy” rating and a $12.00 price objective on the stock. Pareto Securities raised shares of Euronav from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. Finally, ValuEngine cut shares of Euronav from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 12th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $10.31.

Shares of Euronav stock traded up $0.17 during trading on Friday, hitting $8.43. The company’s stock had a trading volume of 385,600 shares, compared to its average volume of 594,867. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.72. Euronav has a 52 week low of $7.50 and a 52 week high of $10.10. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -93.67 and a beta of 0.33.

Hedge funds have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Euronav in the second quarter valued at $114,000. Aperio Group LLC acquired a new position in Euronav in the second quarter valued at $124,000. Cubist Systematic Strategies LLC acquired a new position in Euronav in the second quarter valued at $161,000. Citadel Advisors LLC acquired a new position in Euronav in the third quarter valued at $166,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Euronav by 156.6% in the second quarter. Tower Research Capital LLC TRC now owns 18,311 shares of the shipping company’s stock valued at $169,000 after buying an additional 11,176 shares during the period. Institutional investors and hedge funds own 40.15% of the company’s stock.

About Euronav

Euronav NV, together with its subsidiaries, engages in 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 March 19, 2018, it owned and operated a fleet of 53 vessels, including 28 very large crude carriers, 1 V-Plus vessel, 22 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 4 Suezmax vessels under construction.

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Earnings History and Estimates for Euronav (NYSE:EURN)

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