Brokerages Expect Euronav NV (EURN) to Announce -$0.16 Earnings Per Share

Brokerages forecast that Euronav NV (NYSE:EURN) will report earnings of ($0.16) per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Euronav’s earnings. The highest EPS estimate is ($0.11) and the lowest is ($0.21). Euronav posted earnings per share of $0.09 in the same quarter last year, which suggests a negative year over year growth rate of 277.8%. The business is expected to announce its next earnings results before the market opens on Thursday, January 25th.

According to Zacks, analysts expect that Euronav will report full year earnings of ($0.13) per share for the current financial year, with EPS estimates ranging from ($0.20) to ($0.09). For the next year, analysts anticipate that the firm will post earnings of ($0.64) per share, with EPS estimates ranging from ($1.07) to ($0.14). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Euronav.

Several research analysts have commented on the stock. Morgan Stanley raised shares of Euronav from an “equal weight” rating to an “overweight” rating and set a $10.00 price target on the stock in a research note on Monday. TheStreet raised shares of Euronav from a “d+” rating to a “c” rating in a research note on Thursday, January 25th. UBS Group raised their target price on shares of Euronav from $8.75 to $9.25 and gave the stock a “neutral” rating in a report on Friday, January 26th. Zacks Investment Research cut shares of Euronav from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Finally, Stifel Nicolaus set a $9.00 target price on shares of Euronav and gave the stock a “hold” rating in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $9.35.

Institutional investors have recently modified their holdings of the company. Jefferies Group LLC bought a new position in shares of Euronav in the fourth quarter worth approximately $163,000. Macquarie Group Ltd. bought a new position in shares of Euronav in the fourth quarter worth approximately $190,000. Impala Asset Management LLC bought a new position in shares of Euronav in the fourth quarter worth approximately $687,000. Dimensional Fund Advisors LP grew its holdings in shares of Euronav by 20.3% in the third 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 last quarter. Finally, Two Sigma Investments LP bought a new position in shares of Euronav in the fourth quarter worth approximately $894,000. Hedge funds and other institutional investors own 21.02% of the company’s stock.

Euronav (EURN) opened at $8.30 on Thursday. The company has a market cap of $1,297.55, a P/E ratio of 39.53 and a beta of 0.56. Euronav has a one year low of $6.90 and a one year high of $9.65.

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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.

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Earnings History and Estimates for Euronav (NYSE:EURN)

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