Analysts predict that Euronav NV (NYSE:EURN) will post earnings of ($0.19) per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Euronav’s earnings. The highest EPS estimate is ($0.15) and the lowest is ($0.22). Euronav posted earnings per share of ($0.27) during the same quarter last year, which would indicate a positive year over year growth rate of 29.6%. The company is expected to announce its next earnings results on Wednesday, October 30th.
On average, analysts expect that Euronav will report full year earnings of ($0.14) per share for the current fiscal year, with EPS estimates ranging from ($0.25) to ($0.06). For the next financial year, analysts anticipate that the firm will post earnings of $0.77 per share, with EPS estimates ranging from $0.46 to $1.27. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Euronav.
Euronav (NYSE:EURN) last released its quarterly earnings results on Thursday, August 8th. The shipping company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.01. The firm had revenue of $132.47 million for the quarter, compared to analyst estimates of $124.00 million. Euronav had a negative return on equity of 2.89% and a negative net margin of 9.69%.
EURN has been the topic of several recent research reports. ValuEngine raised Euronav from a “hold” rating to a “buy” rating in a research report on Thursday. Evercore ISI reissued a “buy” rating and set a $16.00 price target on shares of Euronav in a research report on Monday, August 12th. Finally, Zacks Investment Research raised Euronav from a “sell” rating to a “hold” rating in a research report on Monday, September 16th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Euronav has an average rating of “Buy” and an average target price of $11.80.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Euronav by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,589,312 shares of the shipping company’s stock worth $43,324,000 after purchasing an additional 111,349 shares during the last quarter. MARSHALL WACE ASIA Ltd increased its holdings in Euronav by 12.8% during the 1st quarter. MARSHALL WACE ASIA Ltd now owns 2,718,735 shares of the shipping company’s stock worth $22,158,000 after purchasing an additional 308,432 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in Euronav by 1.6% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 2,176,450 shares of the shipping company’s stock worth $20,546,000 after purchasing an additional 34,812 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Euronav by 249.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,615,704 shares of the shipping company’s stock worth $15,202,000 after purchasing an additional 1,153,365 shares during the last quarter. Finally, GAM Holding AG increased its holdings in Euronav by 31.4% during the 2nd quarter. GAM Holding AG now owns 1,089,877 shares of the shipping company’s stock worth $10,220,000 after purchasing an additional 260,465 shares during the last quarter. Institutional investors own 29.35% of the company’s stock.
Euronav stock traded up $0.07 during midday trading on Monday, hitting $9.20. 553,119 shares of the company were exchanged, compared to its average volume of 391,498. The company’s fifty day moving average price is $8.26 and its 200-day moving average price is $8.72. The company has a market cap of $1.99 billion, a PE ratio of -14.15 and a beta of 0.97. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.53 and a quick ratio of 1.17. Euronav has a fifty-two week low of $6.77 and a fifty-two week high of $10.22.
The firm also recently disclosed a — dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a yield of 1.4%.
Euronav Company Profile
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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