Noble Financial Has Negative Outlook of Euroseas Q2 Earnings

Euroseas Ltd. (NASDAQ:ESEA) – Analysts at Noble Financial dropped their Q2 2026 earnings per share (EPS) estimates for Euroseas in a report issued on Thursday, December 11th. Noble Financial analyst M. Reichman now expects that the shipping company will post earnings per share of $4.43 for the quarter, down from their previous forecast of $4.46. The consensus estimate for Euroseas’ current full-year earnings is $15.15 per share. Noble Financial also issued estimates for Euroseas’ Q3 2026 earnings at $4.19 EPS and FY2026 earnings at $17.39 EPS.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings restated a “buy (b)” rating on shares of Euroseas in a research note on Monday, December 8th. Zacks Research cut Euroseas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $62.00.

Euroseas Trading Down 5.2%

Shares of ESEA stock opened at $55.14 on Friday. Euroseas has a 1-year low of $26.30 and a 1-year high of $66.00. The company has a 50-day moving average of $58.01 and a two-hundred day moving average of $54.68. The firm has a market cap of $386.53 million, a PE ratio of 3.18 and a beta of 0.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.59 and a quick ratio of 3.53.

Euroseas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Tuesday, December 9th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $2.80 dividend on an annualized basis and a yield of 5.1%. Euroseas’s dividend payout ratio is currently 16.17%.

Institutional Trading of Euroseas

Several institutional investors have recently added to or reduced their stakes in ESEA. Raymond James Financial Inc. bought a new stake in shares of Euroseas in the 2nd quarter worth approximately $870,000. Mackenzie Financial Corp acquired a new stake in Euroseas during the third quarter valued at approximately $1,136,000. Two Sigma Investments LP acquired a new stake in shares of Euroseas during the third quarter worth $989,000. Citadel Advisors LLC boosted its holdings in shares of Euroseas by 144.9% in the third quarter. Citadel Advisors LLC now owns 26,576 shares of the shipping company’s stock worth $1,584,000 after buying an additional 15,724 shares during the period. Finally, Credit Agricole S A acquired a new stake in Euroseas during the 3rd quarter valued at $848,000. Institutional investors own 6.27% of the company’s stock.

Euroseas Company Profile

Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables. As of March 31, 2024, it had a fleet of 20 containerships with a cargo carrying capacity of approximately 777,749 dwt.