Equities analysts expect Euronav NV (NYSE:EURN) to report earnings of $0.86 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Euronav’s earnings, with the highest EPS estimate coming in at $1.11 and the lowest estimate coming in at $0.39. Euronav reported earnings of ($0.18) per share in the same quarter last year, which would indicate a positive year over year growth rate of 577.8%. The company is expected to report its next earnings results on Thursday, August 13th.
According to Zacks, analysts expect that Euronav will report full-year earnings of $3.12 per share for the current financial year, with EPS estimates ranging from $2.63 to $3.61. For the next year, analysts forecast that the company will report earnings of $1.43 per share, with EPS estimates ranging from $0.58 to $2.18. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Euronav.
Euronav (NYSE:EURN) last posted its earnings results on Thursday, May 7th. The shipping company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.14. The company had revenue of $383.99 million during the quarter, compared to analysts’ expectations of $341.69 million. Euronav had a return on equity of 14.13% and a net margin of 29.07%.
Several research firms have issued reports on EURN. ValuEngine cut Euronav from a “hold” rating to a “sell” rating in a research note on Thursday, April 30th. Fearnley Fonds cut Euronav from a “buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Zacks Investment Research cut Euronav from a “buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Finally, DNB Markets raised Euronav from a “hold” rating to a “buy” rating and set a $13.50 target price for the company in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.50.
EURN stock traded up $0.16 during midday trading on Wednesday, hitting $8.08. 63,958 shares of the company’s stock were exchanged, compared to its average volume of 2,945,310. The business has a 50-day simple moving average of $9.66 and a two-hundred day simple moving average of $10.41. The company has a current ratio of 2.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.74 billion, a PE ratio of 5.36 and a beta of 0.38. Euronav has a 1-year low of $7.21 and a 1-year high of $13.21.
The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Tuesday, June 16th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.24 annualized dividend and a dividend yield of 40.10%. Euronav’s dividend payout ratio is currently 589.09%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in EURN. Swiss National Bank boosted its position in shares of Euronav by 2.9% during the fourth quarter. Swiss National Bank now owns 336,947 shares of the shipping company’s stock worth $4,151,000 after buying an additional 9,430 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Euronav during the fourth quarter worth $18,918,000. Acadian Asset Management LLC purchased a new position in Euronav in the fourth quarter valued at $110,000. Quantbot Technologies LP purchased a new position in Euronav in the fourth quarter valued at $379,000. Finally, Barclays PLC boosted its holdings in Euronav by 88.5% in the fourth quarter. Barclays PLC now owns 1,027,370 shares of the shipping company’s stock valued at $12,884,000 after purchasing an additional 482,480 shares during the period. Institutional investors and hedge funds own 34.48% of the company’s stock.
Euronav Company Profile
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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