Equities research analysts expect Euronav NV (NYSE:EURN) to report earnings of $0.84 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Euronav’s earnings, with estimates ranging from $0.74 to $0.90. Euronav posted earnings of $0.06 per share during the same quarter last year, which indicates a positive year over year growth rate of 1,300%. The firm is expected to report its next earnings report before the market opens on Thursday, January 30th.
On average, analysts expect that Euronav will report full year earnings of $0.54 per share for the current year. For the next year, analysts expect that the company will post earnings of $1.37 per share, with EPS estimates ranging from $1.12 to $1.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Euronav.
Euronav (NYSE:EURN) last announced its earnings results on Tuesday, October 29th. The shipping company reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.06. Euronav had a negative net margin of 5.12% and a negative return on equity of 1.31%. The business had revenue of $90.44 million during the quarter, compared to analysts’ expectations of $134.83 million.
Several research analysts recently commented on EURN shares. ValuEngine cut shares of Euronav from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Zacks Investment Research raised shares of Euronav from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Friday. Finally, Stifel Nicolaus raised shares of Euronav from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Euronav currently has an average rating of “Buy” and a consensus price target of $12.50.
Shares of EURN opened at $11.74 on Wednesday. Euronav has a 12 month low of $7.21 and a 12 month high of $13.21. The firm has a fifty day simple moving average of $11.88 and a 200 day simple moving average of $10.03. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -58.70 and a beta of 1.04. The company has a current ratio of 1.88, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Ellington Management Group LLC raised its holdings in shares of Euronav by 16.9% during the second quarter. Ellington Management Group LLC now owns 14,500 shares of the shipping company’s stock valued at $137,000 after acquiring an additional 2,100 shares in the last quarter. A.R.T. Advisors LLC increased its position in Euronav by 8.2% in the 2nd quarter. A.R.T. Advisors LLC now owns 43,610 shares of the shipping company’s stock valued at $412,000 after acquiring an additional 3,300 shares during the period. Zurich Insurance Group Ltd FI increased its position in Euronav by 6.3% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 177,552 shares of the shipping company’s stock valued at $1,661,000 after acquiring an additional 10,544 shares during the period. Sciencast Management LP acquired a new position in Euronav in the 4th quarter valued at about $220,000. Finally, Jane Street Group LLC increased its position in Euronav by 9.3% in the 2nd quarter. Jane Street Group LLC now owns 213,740 shares of the shipping company’s stock valued at $2,018,000 after acquiring an additional 18,185 shares during the period. 28.56% of the stock is currently owned by hedge funds and other institutional investors.
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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