Wall Street analysts forecast that Euronav NV (NYSE:EURN) will post earnings per share of ($0.32) for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Euronav’s earnings, with the lowest EPS estimate coming in at ($0.41) and the highest estimate coming in at ($0.25). Euronav reported earnings of ($0.06) per share during the same quarter last year, which indicates a negative year over year growth rate of 433.3%. The firm is scheduled to issue its next quarterly earnings report on Thursday, August 9th.
On average, analysts expect that Euronav will report full-year earnings of ($0.93) per share for the current financial year, with EPS estimates ranging from ($1.12) to ($0.71). For the next fiscal year, analysts anticipate that the company will report earnings of ($0.11) per share, with EPS estimates ranging from ($0.73) to $0.59. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Euronav.
Euronav (NYSE:EURN) last issued its earnings results on Wednesday, April 25th. The shipping company reported ($0.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.04). Euronav had a negative return on equity of 5.18% and a negative net margin of 16.10%. The company had revenue of $78.33 million during the quarter, compared to analysts’ expectations of $89.58 million.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EURN. Swiss National Bank raised its position in Euronav by 4.3% in the fourth quarter. Swiss National Bank now owns 218,867 shares of the shipping company’s stock worth $2,017,000 after acquiring an additional 8,984 shares during the period. Bank of New York Mellon Corp raised its position in Euronav by 4.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,361,788 shares of the shipping company’s stock worth $12,565,000 after acquiring an additional 62,744 shares during the period. Schroder Investment Management Group raised its position in Euronav by 8.4% in the fourth quarter. Schroder Investment Management Group now owns 242,621 shares of the shipping company’s stock worth $1,864,000 after acquiring an additional 18,870 shares during the period. Impala Asset Management LLC bought a new position in Euronav in the fourth quarter worth approximately $687,000. Finally, Jefferies Group LLC bought a new position in Euronav in the fourth quarter worth approximately $163,000. Institutional investors and hedge funds own 21.39% of the company’s stock.
EURN stock traded up $0.50 on Friday, hitting $9.25. The company had a trading volume of 1,293,200 shares, compared to its average volume of 510,792. Euronav has a 12-month low of $6.90 and a 12-month high of $9.65. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $1.39 billion, a P/E ratio of -102.78 and a beta of 0.62.
Euronav Company Profile
Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean 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 August 23, 2017, it owned and operated a fleet of 56 double hulled vessels, including 30 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 4 Suezmax vessels under construction.
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