Wall Street brokerages forecast that Euronav NV (NYSE:EURN) will report earnings of $0.91 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Euronav’s earnings, with estimates ranging from $0.77 to $1.09. Euronav reported earnings of $0.09 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 911.1%. The firm is scheduled to issue its next earnings report on Tuesday, May 5th.
On average, analysts expect that Euronav will report full year earnings of $2.36 per share for the current financial year, with EPS estimates ranging from $1.64 to $3.38. For the next year, analysts forecast that the business will report earnings of $1.56 per share, with EPS estimates ranging from $0.98 to $2.18. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Euronav.
Euronav (NYSE:EURN) last posted its quarterly earnings results on Thursday, January 30th. The shipping company reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.07. Euronav had a return on equity of 5.32% and a net margin of 12.70%. The firm had revenue of $320.27 million for the quarter, compared to the consensus estimate of $353.27 million.
A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Euronav from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Friday, January 17th. ValuEngine upgraded Euronav from a “sell” rating to a “hold” rating in a research report on Tuesday. Evercore ISI reiterated a “buy” rating on shares of Euronav in a research report on Sunday, February 2nd. TheStreet upgraded Euronav from a “c” rating to a “b” rating in a research report on Thursday, January 30th. Finally, DNB Markets downgraded Euronav from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $14.50.
Euronav stock opened at $10.36 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.47 and a quick ratio of 1.90. Euronav has a 1-year low of $7.21 and a 1-year high of $13.21. The company has a market cap of $2.10 billion, a PE ratio of 18.84 and a beta of 1.03. The stock’s 50 day moving average price is $9.42 and its 200 day moving average price is $10.48.
A number of institutional investors and hedge funds have recently bought and sold shares of EURN. Barclays PLC boosted its position in Euronav by 1,015.6% during the third quarter. Barclays PLC now owns 544,890 shares of the shipping company’s stock worth $5,013,000 after purchasing an additional 496,046 shares in the last quarter. Millennium Management LLC boosted its position in Euronav by 3,562.3% during the third quarter. Millennium Management LLC now owns 366,230 shares of the shipping company’s stock worth $3,369,000 after purchasing an additional 356,230 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in Euronav during the fourth quarter worth $614,000. Tocqueville Asset Management L.P. purchased a new stake in Euronav during the fourth quarter worth $502,000. Finally, Sciencast Management LP purchased a new stake in Euronav during the fourth quarter worth $220,000. Institutional investors own 37.87% of the company’s stock.
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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