Zacks: Brokerages Expect Euronav NV (EURN) Will Announce Quarterly Sales of $120.45 Million
Brokerages expect that Euronav NV (NYSE:EURN) will post sales of $120.45 million for the current quarter, Zacks reports. Four analysts have made estimates for Euronav’s earnings, with estimates ranging from $111.31 million to $135.80 million. Euronav reported sales of $147.74 million in the same quarter last year, which would suggest a negative year over year growth rate of 18.5%. The business is expected to report its next quarterly earnings results on Thursday, January 25th.
On average, analysts expect that Euronav will report full-year sales of $120.45 million for the current year, with estimates ranging from $458.28 million to $519.78 million. For the next fiscal year, analysts expect that the firm will post sales of $508.19 million per share, with estimates ranging from $453.28 million to $550.44 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Euronav.
EURN has been the topic of several analyst reports. Zacks Investment Research raised shares of Euronav from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. ValuEngine lowered shares of Euronav from a “hold” rating to a “sell” rating in a report on Friday, September 1st. BidaskClub raised shares of Euronav from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Stifel Nicolaus set a $8.00 target price on shares of Euronav and gave the stock a “hold” rating in a report on Sunday, October 29th. Finally, TheStreet lowered shares of Euronav from a “c-” rating to a “d+” rating in a report on Tuesday, November 14th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $9.00.
Shares of Euronav (EURN) remained flat at $$8.15 during trading on Monday. 625,500 shares of the company’s stock were exchanged, compared to its average volume of 500,546. The stock has a market cap of $1,297.55, a P/E ratio of 116.43 and a beta of 0.78. The company has a current ratio of 1.29, a quick ratio of 1.64 and a debt-to-equity ratio of 0.46. Euronav has a fifty-two week low of $6.90 and a fifty-two week high of $9.00.
Euronav Company Profile
Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean 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 April 4, 2017, it owned and operated a fleet of 55 double hulled vessels, including 31 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 2 Suezmax vessels under construction.
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