Wall Street brokerages forecast that Euronav NV (NYSE:EURN) will announce earnings per share (EPS) of $0.10 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Euronav’s earnings. The lowest EPS estimate is ($0.14) and the highest is $0.22. Euronav posted earnings of ($0.25) per share during the same quarter last year, which would indicate a positive year over year growth rate of 140%. The business is expected to report its next earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that Euronav will report full-year earnings of ($0.04) per share for the current financial year, with EPS estimates ranging from ($0.53) to $0.33. For the next financial year, analysts anticipate that the firm will report earnings of $0.75 per share, with EPS estimates ranging from ($0.39) to $1.33. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Euronav.
Euronav (NYSE:EURN) last announced its quarterly earnings results on Thursday, January 24th. The shipping company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The company had revenue of $191.62 million for the quarter, compared to analysts’ expectations of $190.76 million. Euronav had a negative net margin of 18.38% and a negative return on equity of 6.17%.
Shares of NYSE EURN traded up $0.27 during midday trading on Monday, reaching $8.42. 534,300 shares of the stock were exchanged, compared to its average volume of 377,019. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of -12.95 and a beta of 0.79. Euronav has a 12 month low of $6.77 and a 12 month high of $10.10.
The business also recently disclosed a semiannual dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, May 16th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a yield of 1.5%.
A number of institutional investors and hedge funds have recently bought and sold shares of EURN. Northern Trust Corp lifted its position in Euronav by 15.0% in the 2nd quarter. Northern Trust Corp now owns 103,951 shares of the shipping company’s stock valued at $956,000 after acquiring an additional 13,546 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Euronav by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 148,865 shares of the shipping company’s stock valued at $1,295,000 after acquiring an additional 7,207 shares in the last quarter. AXA bought a new stake in Euronav in the 3rd quarter valued at $2,007,000. Rubric Capital Management LP bought a new stake in Euronav in the 3rd quarter valued at $3,277,000. Finally, Stevens Capital Management LP bought a new stake in Euronav in the 3rd quarter valued at $205,000. 34.68% of the stock is currently owned by institutional investors and hedge funds.
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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