Equities research analysts forecast that Euronav NV (NYSE:EURN) will post $0.84 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Euronav’s earnings. The highest EPS estimate is $0.90 and the lowest is $0.74. Euronav reported earnings of $0.06 per share in the same quarter last year, which would indicate a positive year over year growth rate of 1,300%. The business is expected to report its next quarterly earnings results before the market opens on Thursday, January 30th.

According to Zacks, analysts expect that Euronav will report full-year earnings of $0.59 per share for the current year, with EPS estimates ranging from $0.54 to $0.63. For the next year, analysts expect that the company will post earnings of $1.37 per share, with EPS estimates ranging from $1.12 to $1.50. Zacks’ EPS averages are an average based on a survey of research firms that cover Euronav.

Euronav (NYSE:EURN) last announced its quarterly earnings data on Tuesday, October 29th. The shipping company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.06. The business had revenue of $90.44 million for the quarter, compared to analysts’ expectations of $134.83 million. Euronav had a negative return on equity of 1.31% and a negative net margin of 5.12%.

EURN has been the topic of several recent research reports. ValuEngine downgraded Euronav from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Stifel Nicolaus raised Euronav from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Evercore ISI reiterated a “buy” rating and issued a $16.00 price objective on shares of Euronav in a research note on Monday, August 12th. Finally, Zacks Investment Research raised Euronav from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $12.50.

NYSE:EURN traded up $0.46 during midday trading on Friday, reaching $11.16. The company had a trading volume of 1,601,957 shares, compared to its average volume of 1,129,931. Euronav has a 12-month low of $6.77 and a 12-month high of $11.79. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of -17.17 and a beta of 1.00. The company has a current ratio of 1.88, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $11.01 and its 200-day simple moving average is $9.34.

Several hedge funds have recently modified their holdings of EURN. Steward Partners Investment Advisory LLC purchased a new position in Euronav in the second quarter valued at $25,000. Aperio Group LLC acquired a new stake in Euronav in the second quarter valued at $68,000. Albert D Mason Inc. purchased a new stake in Euronav during the 2nd quarter worth about $99,000. Quantitative Systematic Strategies LLC purchased a new stake in Euronav during the 2nd quarter worth about $104,000. Finally, Ellington Management Group LLC lifted its holdings in Euronav by 16.9% during the 2nd quarter. Ellington Management Group LLC now owns 14,500 shares of the shipping company’s stock worth $137,000 after buying an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 28.51% of the company’s stock.

About Euronav

Euronav NV, together with its subsidiaries, engages in the 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 December 12, 2018, it owned and operated a fleet of vessels, including 43 very large crude carriers, 2 ULCCs, 26 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 1 LR1s.

Further Reading: Monthly Dividend Stocks

Get a free copy of the Zacks research report on Euronav (EURN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Euronav (NYSE:EURN)

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