Euroseas Ltd. (ESEA) Issues Quarterly Earnings Results, Beats Estimates By $0.14 EPS
Euroseas Ltd. (NASDAQ:ESEA) posted its quarterly earnings data on Thursday. The company reported ($0.40) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.54) by $0.14. Euroseas had a negative return on equity of 11.20% and a negative net margin of 79.44%. The firm earned $7.20 million during the quarter, compared to the consensus estimate of $7.70 million.
Shares of Euroseas (NASDAQ:ESEA) opened at 1.41 on Friday. Euroseas has a 52 week low of $1.04 and a 52 week high of $4.10. The firm’s market capitalization is $11.55 million. The firm has a 50 day moving average price of $1.74 and a 200-day moving average price of $2.00.
Separately, Zacks Investment Research downgraded Euroseas from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th.
Euroseas Company Profile
Euroseas Ltd. is engaged in the shipping business. The Company is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company’s operations. The Company also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers.
Receive News & Stock Ratings for Euroseas Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euroseas Ltd. and related stocks with our FREE daily email newsletter.