Shares of Euroseas Ltd. (NASDAQ:ESEA) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus price target of $1.15 for the company and are anticipating that the company will post ($0.05) EPS for the current quarter, according to Zacks. Zacks has also given Euroseas an industry rank of 185 out of 256 based on the ratings given to its competitors.
A number of research analysts have weighed in on ESEA shares. Zacks Investment Research lowered shares of Euroseas from a “buy” rating to a “sell” rating in a research note on Wednesday, August 21st. Noble Financial reaffirmed a “buy” rating and issued a $1.30 price target on shares of Euroseas in a research note on Thursday, August 22nd. Finally, Maxim Group set a $1.00 price target on shares of Euroseas and gave the company a “buy” rating in a research note on Friday, August 9th.
Euroseas stock traded down $0.06 during midday trading on Wednesday, hitting $0.69. 54,914 shares of the stock were exchanged, compared to its average volume of 33,828. The company has a fifty day simple moving average of $0.63 and a two-hundred day simple moving average of $0.65. Euroseas has a 52 week low of $0.51 and a 52 week high of $3.87. The stock has a market capitalization of $8.32 million, a PE ratio of -2.48 and a beta of 0.76. The company has a quick ratio of 0.41, a current ratio of 0.54 and a debt-to-equity ratio of 21.13.
Euroseas (NASDAQ:ESEA) last released its quarterly earnings data on Thursday, August 8th. The shipping company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.09). Euroseas had a negative return on equity of 76.01% and a negative net margin of 2.34%. The firm had revenue of $8.44 million for the quarter, compared to the consensus estimate of $8.67 million. As a group, equities research analysts anticipate that Euroseas will post -0.11 EPS for the current fiscal year.
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; and drybulk carriers that transport iron ore, coal, grains, bauxite, phosphate, and fertilizers.
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