Wall Street analysts expect Euronav NV (NASDAQ:EURN) to report $117.71 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Euronav NV’s earnings. The lowest sales estimate is $111.50 million and the highest is $122.38 million. Euronav NV posted sales of $189.58 million in the same quarter last year, which would indicate a negative year over year growth rate of 37.9%. The firm is expected to report its next earnings results before the market opens on Thursday, August 10th.

According to Zacks, analysts expect that Euronav NV will report full year sales of $117.71 million for the current year, with estimates ranging from $466.81 million to $575.92 million. For the next year, analysts forecast that the firm will report sales of $576.44 million per share, with estimates ranging from $427.99 million to $794.20 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Euronav NV.

Euronav NV (NASDAQ:EURN) last announced its earnings results on Wednesday, April 26th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $164.16 million during the quarter, compared to analyst estimates of $153.13 million.

A number of brokerages have commented on EURN. Zacks Investment Research upgraded Euronav NV from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 27th. ValuEngine downgraded Euronav NV from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded Euronav NV from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $9.80.

Several hedge funds and other institutional investors have recently bought and sold shares of EURN. Lingohr & Partner Asset Management GmbH increased its stake in shares of Euronav NV by 25.8% in the first quarter. Lingohr & Partner Asset Management GmbH now owns 1,640,365 shares of the shipping company’s stock valued at $12,959,000 after buying an additional 336,932 shares during the period. Parametric Portfolio Associates LLC boosted its position in Euronav NV by 88.2% in the first quarter. Parametric Portfolio Associates LLC now owns 28,265 shares of the shipping company’s stock valued at $223,000 after buying an additional 13,247 shares in the last quarter. Cedar Capital LLC boosted its position in Euronav NV by 81.3% in the first quarter. Cedar Capital LLC now owns 329,597 shares of the shipping company’s stock valued at $2,604,000 after buying an additional 147,782 shares in the last quarter. Yorktown Management & Research Co Inc bought a new position in Euronav NV during the first quarter valued at approximately $198,000. Finally, Swiss National Bank boosted its position in Euronav NV by 2.8% in the first quarter. Swiss National Bank now owns 209,883 shares of the shipping company’s stock valued at $1,681,000 after buying an additional 5,691 shares in the last quarter.

Shares of Euronav NV (NASDAQ EURN) opened at 7.65 on Friday. Euronav NV has a 12 month low of $6.65 and a 12 month high of $9.51. The company has a 50 day moving average price of $7.54 and a 200-day moving average price of $7.86. The firm has a market capitalization of $1.21 billion and a PE ratio of 9.70.

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Earnings History and Estimates for Euronav NV (NASDAQ:EURN)

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