Analysts expect that Euronav NV (NYSE:EURN) will announce $412.17 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Euronav’s earnings. The highest sales estimate is $421.12 million and the lowest is $403.21 million. Euronav posted sales of $197.00 million in the same quarter last year, which suggests a positive year over year growth rate of 109.2%. The company is expected to issue its next earnings results on Tuesday, May 5th.

According to Zacks, analysts expect that Euronav will report full-year sales of $1.06 billion for the current fiscal year, with estimates ranging from $1.03 billion to $1.09 billion. For the next fiscal year, analysts expect that the company will report sales of $994.04 million, with estimates ranging from $892.43 million to $1.10 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Euronav.

Euronav (NYSE:EURN) last announced its quarterly earnings data on Thursday, January 30th. The shipping company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. Euronav had a net margin of 12.70% and a return on equity of 5.32%. The business had revenue of $320.27 million during the quarter, compared to analysts’ expectations of $353.27 million.

Several research firms recently issued reports on EURN. Evercore ISI reiterated a “buy” rating on shares of Euronav in a research note on Sunday, February 2nd. Zacks Investment Research upgraded shares of Euronav from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Friday, January 17th. TheStreet upgraded shares of Euronav from a “c” rating to a “b” rating in a research note on Thursday, January 30th. Stifel Nicolaus upgraded shares of Euronav from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Finally, ValuEngine cut shares of Euronav from a “sell” rating to a “strong sell” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $13.33.

Shares of EURN traded down $0.06 during trading hours on Friday, hitting $10.06. The stock had a trading volume of 1,504,737 shares, compared to its average volume of 2,605,469. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.90 and a current ratio of 2.47. The firm has a 50-day moving average price of $11.27 and a 200 day moving average price of $10.21. Euronav has a fifty-two week low of $7.21 and a fifty-two week high of $13.21. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 18.29 and a beta of 1.07.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Euronav in the 4th quarter worth $1,093,000. Sciencast Management LP purchased a new stake in Euronav in the 4th quarter worth $220,000. Barclays PLC increased its holdings in Euronav by 1,015.6% in the 3rd quarter. Barclays PLC now owns 544,890 shares of the shipping company’s stock worth $5,013,000 after acquiring an additional 496,046 shares in the last quarter. Millennium Management LLC increased its holdings in Euronav by 3,562.3% in the 3rd quarter. Millennium Management LLC now owns 366,230 shares of the shipping company’s stock worth $3,369,000 after acquiring an additional 356,230 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Euronav by 260.4% in the 4th quarter. Russell Investments Group Ltd. now owns 2,926,539 shares of the shipping company’s stock worth $36,687,000 after acquiring an additional 2,114,494 shares in the last quarter. Hedge funds and other institutional investors own 32.78% 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.

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