Analysts Expect Euronav NV (NYSE:EURN) to Post -$0.27 EPS

Analysts expect Euronav NV (NYSE:EURN – Get Rating) to report ($0.27) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Euronav’s earnings. The highest EPS estimate is ($0.23) and the lowest is ($0.33). Euronav reported earnings per share of ($0.35) in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.9%. The business is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Euronav will report full year earnings of $0.43 per share for the current fiscal year, with EPS estimates ranging from ($0.06) to $1.45. For the next fiscal year, analysts expect that the company will report earnings of $1.27 per share, with EPS estimates ranging from $0.86 to $1.88. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Euronav.

Euronav (NYSE:EURN – Get Rating) last posted its earnings results on Thursday, February 3rd. The shipping company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.03. Euronav had a negative net margin of 77.54% and a negative return on equity of 16.42%. The firm had revenue of $85.34 million during the quarter, compared to analysts’ expectations of $104.58 million.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Euronav from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Thursday. StockNews.com assumed coverage on shares of Euronav in a research report on Thursday, March 31st. They set a “sell” rating for the company. Finally, Jefferies Financial Group cut shares of Euronav from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $13.00 to $12.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $12.67.

Institutional investors have recently added to or reduced their stakes in the company. Segantii Capital Management Ltd purchased a new stake in shares of Euronav during the fourth quarter worth $3,016,000. OLD Mission Capital LLC purchased a new stake in shares of Euronav in the third quarter valued at about $290,000. Donald Smith & CO. Inc. grew its holdings in shares of Euronav by 2.0% in the third quarter. Donald Smith & CO. Inc. now owns 2,861,364 shares of the shipping company’s stock valued at $27,927,000 after purchasing an additional 55,715 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Euronav by 30.4% in the third quarter. Dimensional Fund Advisors LP now owns 715,815 shares of the shipping company’s stock valued at $6,986,000 after purchasing an additional 167,086 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Euronav by 321.0% in the third quarter. Invesco Ltd. now owns 356,365 shares of the shipping company’s stock valued at $3,478,000 after purchasing an additional 271,727 shares during the period. 36.71% of the stock is owned by institutional investors and hedge funds.

EURN opened at $11.96 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.42 and a quick ratio of 1.21. The firm has a fifty day moving average price of $11.32 and a 200 day moving average price of $10.13. Euronav has a 1 year low of $7.55 and a 1 year high of $13.24. The stock has a market cap of $2.41 billion, a P/E ratio of -7.12 and a beta of 0.17.

Euronav Company Profile (Get Rating)

Euronav NV, together with its subsidiaries, engages in the ocean transportation and storage of crude oil worldwide. The company also offers floating, storage, and offloading (FSO) services. As of April 1, 2021, it owned and operated a fleet of 77 vessels, including 10 chartered-in vessels with an aggregate carrying capacity of approximately 19.5 million deadweight tons consisting of 45 very large crude carriers, two V-plus, 28 Suezmax vessels, and two floating, storage, and offloading vessels.

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