Wall Street brokerages expect Euronav NV (NYSE:EURN) to report $362.70 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Euronav’s earnings, with estimates ranging from $360.26 million to $365.13 million. Euronav posted sales of $191.62 million in the same quarter last year, which suggests a positive year-over-year growth rate of 89.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, January 23rd.

On average, analysts expect that Euronav will report full year sales of $832.40 million for the current fiscal year, with estimates ranging from $827.68 million to $837.12 million. For the next financial year, analysts forecast that the company will post sales of $989.05 million, with estimates ranging from $983.06 million to $995.04 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side 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, topping analysts’ consensus estimates of ($0.19) by $0.01. The business had revenue of $132.47 million during the quarter, compared to the consensus estimate of $124.00 million. Euronav had a negative net margin of 5.12% and a negative return on equity of 1.30%.

EURN has been the subject of a number of recent research reports. Stifel Nicolaus upgraded shares of Euronav from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. ValuEngine downgraded shares of Euronav from a “buy” rating to a “hold” rating in a report on Wednesday, October 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 report on Monday, October 21st. Finally, Evercore ISI restated a “buy” rating and issued a $16.00 target price on shares of Euronav in a report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $12.50.

Institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC purchased a new stake in Euronav in the second quarter valued at approximately $25,000. Aperio Group LLC purchased a new stake in Euronav in the second quarter valued at approximately $68,000. Albert D Mason Inc. purchased a new stake in Euronav in the second quarter valued at approximately $99,000. Quantitative Systematic Strategies LLC purchased a new stake in Euronav in the second quarter valued at approximately $104,000. Finally, Ellington Management Group LLC grew its holdings in Euronav by 16.9% in the second quarter. Ellington Management Group LLC now owns 14,500 shares of the shipping company’s stock valued at $137,000 after purchasing an additional 2,100 shares during the period. Hedge funds and other institutional investors own 29.44% of the company’s stock.

Shares of NYSE EURN opened at $10.81 on Friday. The company has a market cap of $2.33 billion, a PE ratio of -16.63 and a beta of 1.03. Euronav has a 12 month low of $6.77 and a 12 month high of $11.79. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.53 and a quick ratio of 1.17. The company has a 50-day simple moving average of $10.43 and a 200-day simple moving average of $9.17.

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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Earnings History and Estimates for Euronav (NYSE:EURN)

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