Zacks: Analysts Expect Euronav NV (NYSE:EURN) Will Announce Earnings of $0.84 Per Share
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%.
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.
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.
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