Euronav NV (NYSE:EURN) Expected to Post Quarterly Sales of $412.17 Million
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.
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.
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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