Analysts predict that Euronav NV (NYSE:EURN) will announce $113.47 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Euronav’s earnings. The highest sales estimate is $135.80 million and the lowest is $99.30 million. Euronav posted sales of $147.74 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 23.2%. The business is scheduled to announce its next quarterly earnings report on Thursday, January 25th.

According to Zacks, analysts expect that Euronav will report full-year sales of $113.47 million for the current fiscal year, with estimates ranging from $432.73 million to $519.78 million. For the next fiscal year, analysts forecast that the firm will post sales of $500.73 million per share, with estimates ranging from $416.50 million to $562.26 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Euronav.

Several equities research analysts recently commented on the stock. TheStreet downgraded shares of Euronav from a “c-” rating to a “d+” rating in a research report on Tuesday, November 14th. Zacks Investment Research upgraded shares of Euronav from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. BidaskClub downgraded shares of Euronav from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Stifel Nicolaus set a $9.00 target price on shares of Euronav and gave the stock a “hold” rating in a research report on Friday, December 22nd. Finally, ValuEngine upgraded shares of Euronav from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $9.17.

Euronav (NYSE:EURN) remained flat at $$8.95 during trading hours on Friday. The company had a trading volume of 550,098 shares, compared to its average volume of 732,722. Euronav has a fifty-two week low of $6.90 and a fifty-two week high of $9.65. The firm has a market capitalization of $1,420.00 and a price-to-earnings ratio of 127.86.

Hedge funds and other institutional investors have recently modified their holdings of the company. Lasry Marc acquired a new position in shares of Euronav in the 3rd quarter worth approximately $14,203,000. Allianz Asset Management GmbH lifted its position in shares of Euronav by 5.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 200,574 shares of the shipping company’s stock worth $1,649,000 after purchasing an additional 10,072 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Euronav by 20.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 95,432 shares of the shipping company’s stock worth $773,000 after purchasing an additional 16,120 shares during the period. Hedge funds and other institutional investors own 22.69% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/14/zacks-brokerages-expect-euronav-nv-eurn-will-announce-quarterly-sales-of-113-47-million.html.

About Euronav

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.

Get a free copy of the Zacks research report on Euronav (EURN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Euronav (NYSE:EURN)

Receive News & Ratings for Euronav Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronav and related companies with MarketBeat.com's FREE daily email newsletter.