Brokerages expect that Euronav NV (NYSE:EURN) will announce earnings per share (EPS) of ($0.19) for the current quarter, according to Zacks. Two analysts have made estimates for Euronav’s earnings, with the highest EPS estimate coming in at ($0.15) and the lowest estimate coming in at ($0.22). Euronav reported earnings of ($0.28) per share in the same quarter last year, which suggests a positive year over year growth rate of 32.1%. The business is scheduled to report its next quarterly earnings report before the market opens on Thursday, August 8th.
According to Zacks, analysts expect that Euronav will report full-year earnings of ($0.14) per share for the current financial year, with EPS estimates ranging from ($0.25) to ($0.06). For the next fiscal year, analysts anticipate that the firm will report earnings of $0.77 per share, with EPS estimates ranging from $0.46 to $1.27. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Euronav.
Several equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of Euronav from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Evercore ISI restated a “buy” rating and issued a $16.00 target price on shares of Euronav in a report on Monday. Finally, Zacks Investment Research upgraded shares of Euronav from a “sell” rating to a “hold” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $11.83.
Shares of NYSE:EURN traded up $0.31 on Friday, reaching $7.56. The company’s stock had a trading volume of 429,794 shares, compared to its average volume of 397,938. Euronav has a 52-week low of $6.77 and a 52-week high of $10.22. The company has a market cap of $1.68 billion, a P/E ratio of -11.63 and a beta of 0.96. The company has a 50-day simple moving average of $8.63 and a 200 day simple moving average of $8.62. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.19 and a current ratio of 1.53.
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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