Equities research analysts expect that Euronav NV (NYSE:EURN) will report earnings of ($0.18) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Euronav’s earnings, with the lowest EPS estimate coming in at ($0.19) and the highest estimate coming in at ($0.18). Euronav reported earnings of ($0.27) per share during the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The business is expected to report its next quarterly earnings results before the market opens on Tuesday, October 29th.
On average, analysts expect that Euronav will report full year earnings of $0.60 per share for the current fiscal year, with EPS estimates ranging from ($0.25) to $2.10. For the next year, analysts anticipate that the business will report earnings of $0.91 per share, with EPS estimates ranging from $0.46 to $1.48. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Euronav.
Euronav (NYSE:EURN) last issued its quarterly earnings results on Thursday, August 8th. The shipping company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.01. The company had revenue of $132.47 million for the quarter, compared to the consensus estimate of $124.00 million. Euronav had a negative net margin of 9.69% and a negative return on equity of 2.89%.
NYSE:EURN traded down $0.11 during mid-day trading on Wednesday, hitting $11.11. 35,104 shares of the stock traded hands, compared to its average volume of 1,821,781. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of -17.08 and a beta of 0.99. Euronav has a 52 week low of $6.77 and a 52 week high of $11.54. The firm’s 50 day moving average is $9.25 and its two-hundred day moving average is $8.93. The company has a quick ratio of 1.17, a current ratio of 1.53 and a debt-to-equity ratio of 0.69.
The business also recently disclosed a — dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 27th were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a yield of 1.4%.
Institutional investors have recently added to or reduced their stakes in the business. Paloma Partners Management Co purchased a new stake in Euronav in the 2nd quarter valued at about $467,000. Aperio Group LLC purchased a new stake in Euronav in the 2nd quarter valued at about $68,000. JPMorgan Chase & Co. boosted its position in Euronav by 104.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 433,186 shares of the shipping company’s stock valued at $4,007,000 after buying an additional 221,416 shares during the period. A.R.T. Advisors LLC boosted its position in Euronav by 8.2% in the 2nd quarter. A.R.T. Advisors LLC now owns 43,610 shares of the shipping company’s stock valued at $412,000 after buying an additional 3,300 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Euronav in the 2nd quarter valued at about $25,000. 29.35% of the stock is owned by institutional investors.
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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