What is Noble Financial’s Estimate for Euroseas Q4 Earnings?

Euroseas Ltd. (NASDAQ:ESEA) – Research analysts at Noble Financial reduced their Q4 2026 earnings per share (EPS) estimates for shares of Euroseas in a report released on Thursday, December 11th. Noble Financial analyst M. Reichman now expects that the shipping company will post earnings of $4.23 per share for the quarter, down from their previous estimate of $4.27. The consensus estimate for Euroseas’ current full-year earnings is $15.15 per share.

Several other research firms have also recently issued reports on ESEA. Zacks Research cut Euroseas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Euroseas in a report on Monday. Two 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 Stock Up 0.5%

ESEA opened at $56.18 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.59 and a quick ratio of 3.53. Euroseas has a 12 month low of $26.30 and a 12 month high of $66.00. The stock has a market capitalization of $393.82 million, a P/E ratio of 3.24 and a beta of 0.80. The business has a 50 day simple moving average of $57.98 and a 200-day simple moving average of $55.05.

Euroseas Dividend Announcement

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

Institutional Trading of Euroseas

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP acquired a new stake in shares of Euroseas during the 2nd quarter worth about $45,000. Commons Capital LLC purchased a new position in shares of Euroseas during the second quarter valued at approximately $255,000. Boston Partners boosted its position in Euroseas by 37.5% during the first quarter. Boston Partners now owns 17,045 shares of the shipping company’s stock worth $522,000 after acquiring an additional 4,647 shares during the last quarter. Quarry LP purchased a new stake in Euroseas in the 3rd quarter worth approximately $89,000. Finally, Qube Research & Technologies Ltd acquired a new position in Euroseas in the 3rd quarter valued at $253,000. 6.27% 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. As of March 31, 2024, it had a fleet of 20 containerships with a cargo carrying capacity of approximately 777,749 dwt.