Zacks: Brokerages Expect Euronav NV (EURN) to Post -$0.20 EPS

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Equities analysts expect Euronav NV (NYSE:EURN) to post earnings per share of ($0.20) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Euronav’s earnings, with estimates ranging from ($0.31) to ($0.15). Euronav posted earnings of ($0.28) per share during the same quarter last year, which would suggest a positive year over year growth rate of 28.6%. The company is scheduled to report its next quarterly earnings results on Thursday, August 8th.

On average, analysts expect that Euronav will report full year earnings of ($0.16) per share for the current year, with EPS estimates ranging from ($0.60) to $0.11. For the next financial year, analysts expect that the company will post earnings of $0.70 per share, with EPS estimates ranging from ($0.32) to $1.27. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Euronav.

Euronav (NYSE:EURN) last issued its quarterly earnings data on Tuesday, April 30th. The shipping company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Euronav had a negative net margin of 7.01% and a negative return on equity of 3.29%. The business had revenue of $197.00 million during the quarter, compared to analyst estimates of $206.08 million.

Several analysts have commented on the company. Zacks Investment Research raised Euronav from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 10th. ValuEngine raised Euronav from a “hold” rating to a “buy” rating in a report on Monday, April 1st. TheStreet raised Euronav from a “d+” rating to a “c-” rating in a research note on Monday, April 15th. Stifel Nicolaus set a $10.00 price target on Euronav and gave the stock a “hold” rating in a research note on Friday, January 25th. Finally, DNB Markets raised Euronav from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $10.61.

Several large investors have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Euronav in the fourth quarter worth approximately $30,706,000. Bank of New York Mellon Corp lifted its position in Euronav by 1,326.4% during the fourth quarter. Bank of New York Mellon Corp now owns 3,551,658 shares of the shipping company’s stock worth $24,613,000 after buying an additional 3,302,656 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Euronav by 12.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,008,119 shares of the shipping company’s stock worth $20,846,000 after buying an additional 327,132 shares in the last quarter. MARSHALL WACE ASIA Ltd lifted its position in Euronav by 12.8% during the first quarter. MARSHALL WACE ASIA Ltd now owns 2,718,735 shares of the shipping company’s stock worth $22,158,000 after buying an additional 308,432 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its position in Euronav by 5.1% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,440,387 shares of the shipping company’s stock worth $16,912,000 after buying an additional 117,467 shares in the last quarter. 34.81% of the stock is currently owned by hedge funds and other institutional investors.

EURN traded up $0.01 during trading on Thursday, hitting $10.09. The company’s stock had a trading volume of 630,500 shares, compared to its average volume of 410,333. The company has a current ratio of 1.29, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. Euronav has a twelve month low of $6.77 and a twelve month high of $10.22. The firm has a market cap of $2.26 billion, a P/E ratio of -15.52 and a beta of 0.86.

The company also recently declared a semiannual dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, May 16th will be paid a $0.06 dividend. This represents a dividend yield of 1.5%. The ex-dividend date is Wednesday, May 15th.

Euronav Company Profile

Euronav NV, together with its subsidiaries, engages in the 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 December 12, 2018, it owned and operated a fleet of vessels, including 43 very large crude carriers, 2 ULCCs, 26 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 1 LR1s.

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Earnings History and Estimates for Euronav (NYSE:EURN)

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