Wall Street analysts expect Euronav NV (NYSE:EURN) to report $114.87 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Euronav’s earnings, with the lowest sales estimate coming in at $103.80 million and the highest estimate coming in at $136.22 million. Euronav posted sales of $111.50 million in the same quarter last year, which would indicate a positive year over year growth rate of 3%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 3rd.
According to Zacks, analysts expect that Euronav will report full-year sales of $352.81 million for the current year, with estimates ranging from $337.79 million to $376.54 million. For the next fiscal year, analysts anticipate that the business will post sales of $731.76 million, with estimates ranging from $647.51 million to $830.17 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Euronav.
Euronav (NYSE:EURN) last posted its earnings results on Thursday, November 4th. The shipping company reported ($0.53) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.03. Euronav had a negative return on equity of 14.82% and a negative net margin of 71.01%. During the same period last year, the firm earned $0.22 EPS.
NYSE EURN traded up $0.13 during trading hours on Thursday, hitting $9.63. The company had a trading volume of 886,082 shares, compared to its average volume of 1,480,942. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.01 and a current ratio of 1.05. Euronav has a 1-year low of $7.55 and a 1-year high of $11.20. The company has a market cap of $1.94 billion, a PE ratio of -5.98 and a beta of 0.27. The business has a 50 day moving average of $10.02 and a 200-day moving average of $9.26.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 30th. Investors of record on Tuesday, November 23rd will be paid a dividend of $0.021 per share. This represents a $0.08 annualized dividend and a yield of 0.87%. The ex-dividend date is Monday, November 22nd. Euronav’s dividend payout ratio (DPR) is -4.97%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of Euronav by 2.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,951,990 shares of the shipping company’s stock worth $19,051,000 after purchasing an additional 49,838 shares during the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Euronav by 0.8% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 3,829,535 shares of the shipping company’s stock worth $37,376,000 after purchasing an additional 29,109 shares during the last quarter. Cetera Advisor Networks LLC increased its position in shares of Euronav by 8.7% in the 3rd quarter. Cetera Advisor Networks LLC now owns 26,241 shares of the shipping company’s stock worth $256,000 after purchasing an additional 2,108 shares during the last quarter. Two Sigma Advisers LP bought a new stake in shares of Euronav in the 3rd quarter worth about $218,000. Finally, UBS Group AG increased its position in shares of Euronav by 21.3% in the 3rd quarter. UBS Group AG now owns 157,150 shares of the shipping company’s stock worth $1,533,000 after purchasing an additional 27,632 shares during the last quarter. 38.96% of the stock is owned by institutional investors.
Euronav NV engages in the transportation and storage of crude oil. The firm operates through the following segments: Operation of Crude Oil Tankers (Tankers) and Floating Production, Storage and Offloading Operation (FpSO). The Tankers segment provides shipping services for crude oil seaborne transportation.
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