Key Points
- Euroseas insider Symeon Pariaros sold 950 shares at an average price of $79, generating $75,050 and reducing his holdings by 33.33% to 1,900 shares.
- Euroseas exceeded quarterly expectations, reporting $4.70 in EPS versus the $4.09 consensus estimate and $56.50 million in revenue. The company also declared a quarterly dividend of $0.80 per share, representing a 4.2% annualized yield.
- Shares opened at $76.93, near the company’s 12-month high, while analysts’ average rating remains “Hold”, with one Buy rating and two Hold ratings.
Euroseas Ltd. (NASDAQ:ESEA - Get Free Report) insider Symeon Pariaros sold 950 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $79.00, for a total transaction of $75,050.00. Following the completion of the transaction, the insider owned 1,900 shares in the company, valued at approximately $150,100. This represents a 33.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Euroseas Trading Down 0.2%
Shares of NASDAQ:ESEA opened at $76.93 on Friday. The firm has a fifty day moving average of $73.42 and a two-hundred day moving average of $69.49. The firm has a market capitalization of $542.74 million, a P/E ratio of 3.96 and a beta of 0.41. Euroseas Ltd. has a 12-month low of $51.00 and a 12-month high of $79.67. The company has a quick ratio of 5.38, a current ratio of 5.46 and a debt-to-equity ratio of 0.36.
Euroseas (NASDAQ:ESEA - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The shipping company reported $4.70 EPS for the quarter, beating the consensus estimate of $4.09 by $0.61. Euroseas had a net margin of 59.98% and a return on equity of 26.58%. The business had revenue of $56.50 million for the quarter, compared to analysts' expectations of $55.98 million. On average, equities analysts expect that Euroseas Ltd. will post 18.03 EPS for the current fiscal year.
Euroseas Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 9th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $3.20 dividend on an annualized basis and a yield of 4.2%. Euroseas's dividend payout ratio (DPR) is presently 16.47%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on ESEA. Zacks Research lowered Euroseas from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded Euroseas from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 14th. Finally, Wall Street Zen upgraded Euroseas from a "hold" rating to a "buy" rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Euroseas currently has an average rating of "Hold".
View Our Latest Report on ESEA
Institutional Investors Weigh In On Euroseas
Large investors have recently bought and sold shares of the business. Bank of America Corp DE increased its position in Euroseas by 1,611.0% during the fourth quarter. Bank of America Corp DE now owns 1,865 shares of the shipping company's stock worth $68,000 after buying an additional 1,756 shares during the last quarter. Geode Capital Management LLC acquired a new stake in shares of Euroseas in the second quarter worth about $226,000. Jump Financial LLC acquired a new stake in shares of Euroseas in the second quarter worth about $260,000. Raymond James Financial Inc. bought a new stake in shares of Euroseas during the 2nd quarter worth about $870,000. Finally, Jane Street Group LLC bought a new stake in shares of Euroseas during the 2nd quarter worth about $259,000. 6.27% of the stock is currently owned by institutional investors.
About Euroseas
(
Get Free Report)
Euroseas Ltd. (NASDAQ: ESEA) is an international shipping company specializing in seaborne transportation of containerized and drybulk cargoes. Incorporated in Bermuda with its principal operations and management office based in Athens, Greece, the company owns and charters a diversified fleet of containerships, drybulk carriers and multipurpose vessels. Euroseas provides tailored shipping solutions on time-charter and voyage-charter agreements, serving manufacturers, commodity traders and logistics providers across major trade routes.
Euroseas’s fleet comprises both owned and chartered tonnage, enabling the company to adjust capacity to market conditions and customer requirements.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
