Euronav (CMBT) Set to Announce Quarterly Earnings on Thursday

Euronav (NYSE:CMBT) is scheduled to issue its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.29 per share for the quarter.

Euronav (NYSE:CMBT) last posted its earnings results on Wednesday, May 8th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.05). Euronav had a net margin of 103.93% and a return on equity of 23.36%. The firm had revenue of $203.46 million for the quarter, compared to analysts’ expectations of $195.96 million. On average, analysts expect Euronav to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Euronav Stock Performance

NYSE:CMBT traded down $0.73 during midday trading on Friday, reaching $17.02. 27,435 shares of the stock traded hands, compared to its average volume of 827,374. Euronav has a 12-month low of $14.10 and a 12-month high of $21.26. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.46 and a quick ratio of 1.41.

Euronav Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, July 10th were given a dividend of $0.189 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $0.76 dividend on an annualized basis and a yield of 4.44%.

Euronav Company Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company also offers floating, storage, and offloading (FSO) services. As of April 1, 2022, it owned and operated a fleet of 72 vessels, including 6 chartered-in vessels with an aggregate carrying capacity of approximately 18.5 million deadweight tons consisting of 41 very large crude carriers, 2 V-plus, 27 Suezmax vessels, and 2 FSO vessels.