According to Zacks, “EUROSEAS LTD. was formed under the laws of the Republic of the Marshall Islands to consolidate the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 136 years. Euroseas trades on the NASDAQ Global Select Market under the ticker ESEA. Euroseas operates in the dry cargo, drybulk and container shipping markets. Euroseas’ operations are managed by Eurobulk Ltd., an ISO 9001:2000 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroseas employs its vessels on spot and period charters and through pool arrangements. “
Other equities research analysts have also issued reports about the stock. Maxim Group set a $1.00 price objective on shares of Euroseas and gave the company a buy rating in a report on Friday, August 9th. Noble Financial reissued a buy rating and set a $1.30 price objective on shares of Euroseas in a report on Thursday, August 22nd. Finally, ValuEngine lowered shares of Euroseas from a hold rating to a sell rating in a report on Thursday, October 10th.
Euroseas (NASDAQ:ESEA) last announced its quarterly earnings data on Thursday, August 8th. The shipping company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.09). The company had revenue of $8.44 million for the quarter, compared to analysts’ expectations of $8.67 million. Euroseas had a negative net margin of 2.34% and a negative return on equity of 76.01%. As a group, research analysts predict that Euroseas will post -0.11 EPS for the current fiscal year.
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.
See Also: Market Timing
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Euroseas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euroseas and related companies with MarketBeat.com's FREE daily email newsletter.