Euroseas Ltd. (ESEA) to Distribute Quarterly Dividend of $0.80 on September 16th

Euroseas Ltd. (NASDAQ:ESEA) declared a quarterly dividend on Thursday, August 13th. Shareholders of record on Wednesday, September 9th will be paid a dividend of 0.80 per share by the shipping company on Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 9th.

Euroseas has a dividend payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings.

Euroseas Stock Performance

Shares of ESEA stock opened at $76.35 on Monday. Euroseas has a 12-month low of $51.00 and a 12-month high of $79.67. The company has a market capitalization of $538.65 million, a P/E ratio of 3.93 and a beta of 0.41. The firm has a 50-day moving average price of $73.62 and a 200 day moving average price of $69.63. The company has a quick ratio of 5.38, a current ratio of 5.46 and a debt-to-equity ratio of 0.36.

Euroseas (NASDAQ:ESEA) last issued its quarterly earnings data on Thursday, August 13th. The shipping company reported $4.70 earnings per share for the quarter, topping the consensus estimate of $4.09 by $0.61. Euroseas had a net margin of 59.98% and a return on equity of 26.58%. The firm had revenue of $56.50 million for the quarter, compared to analysts’ expectations of $55.98 million. Research analysts forecast that Euroseas will post 18.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ESEA shares. Wall Street Zen raised Euroseas from a “hold” rating to a “buy” rating in a report on Monday, June 1st. Weiss Ratings upgraded Euroseas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 14th. Finally, Zacks Research lowered Euroseas from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Euroseas Company Profile

Euroseas Ltd. (NASDAQ: ESEA) is an international shipping company specializing in seaborne transportation of containerized and drybulk cargoes. Incorporated in Bermuda with its principal operations and management office based in Athens, Greece, the company owns and charters a diversified fleet of containerships, drybulk carriers and multipurpose vessels. Euroseas provides tailored shipping solutions on time-charter and voyage-charter agreements, serving manufacturers, commodity traders and logistics providers across major trade routes.

Euroseas’s fleet comprises both owned and chartered tonnage, enabling the company to adjust capacity to market conditions and customer requirements.