Equities analysts forecast that Euroseas Ltd. (NASDAQ:ESEA) will announce ($0.02) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Euroseas’ earnings. Euroseas posted earnings of ($0.10) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 80%. The business is scheduled to report its next quarterly earnings results on Thursday, November 21st.

On average, analysts expect that Euroseas will report full year earnings of ($0.11) per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will report earnings of $0.10 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Euroseas.

Euroseas (NASDAQ:ESEA) last posted its earnings results on Thursday, August 8th. The shipping company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.09). Euroseas had a negative return on equity of 76.01% and a negative net margin of 2.34%. The business had revenue of $8.44 million for the quarter, compared to the consensus estimate of $8.67 million.

ESEA has been the topic of a number of analyst reports. Maxim Group set a $1.00 price objective on shares of Euroseas and gave the company a “buy” rating in a research note on Friday, August 9th. Zacks Investment Research lowered shares of Euroseas from a “buy” rating to a “sell” rating in a research note on Wednesday, August 21st. Noble Financial reaffirmed a “buy” rating and issued a $1.30 price objective on shares of Euroseas in a research note on Thursday, August 22nd. Finally, ValuEngine lowered shares of Euroseas from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th.

ESEA remained flat at $$0.75 during trading on Friday. 125,868 shares of the company’s stock were exchanged, compared to its average volume of 242,295. Euroseas has a 52-week low of $0.51 and a 52-week high of $3.87. The company has a quick ratio of 0.41, a current ratio of 0.54 and a debt-to-equity ratio of 21.13. The stock has a market capitalization of $9.39 million, a PE ratio of -2.59 and a beta of 0.77. The stock has a 50 day moving average price of $0.69 and a two-hundred day moving average price of $0.66.

About Euroseas

Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables; and drybulk carriers that transport iron ore, coal, grains, bauxite, phosphate, and fertilizers.

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