Euronav NV (NYSE:EURN) Expected to Post Earnings of $1.12 Per Share

Wall Street analysts predict that Euronav NV (NYSE:EURN) will announce earnings of $1.12 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Euronav’s earnings, with estimates ranging from $1.09 to $1.16. Euronav posted earnings per share of $0.09 during the same quarter last year, which would indicate a positive year-over-year growth rate of 1,144.4%. The company is scheduled to issue its next earnings results on Tuesday, May 5th.

On average, analysts expect that Euronav will report full year earnings of $1.88 per share for the current year, with EPS estimates ranging from $1.63 to $2.06. For the next fiscal year, analysts expect that the company will report earnings of $1.51 per share, with EPS estimates ranging from $0.92 to $2.09. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Euronav.

Euronav (NYSE:EURN) last released its quarterly earnings results on Thursday, January 30th. The shipping company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.68 by $0.07. The firm had revenue of $320.27 million for the quarter, compared to analyst estimates of $353.27 million. Euronav had a return on equity of 5.32% and a net margin of 12.70%.

A number of brokerages have issued reports on EURN. Stifel Nicolaus raised Euronav from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. ValuEngine lowered Euronav from a “sell” rating to a “strong sell” rating in a research report on Friday, February 7th. TheStreet raised Euronav from a “c” rating to a “b” rating in a research report on Thursday, January 30th. Evercore ISI reaffirmed a “buy” rating on shares of Euronav in a research report on Sunday, February 2nd. Finally, Zacks Investment Research raised Euronav from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $13.33.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Quantitative Systematic Strategies LLC raised its position in shares of Euronav by 7.4% in the 4th quarter. Quantitative Systematic Strategies LLC now owns 15,625 shares of the shipping company’s stock valued at $196,000 after purchasing an additional 1,083 shares in the last quarter. Albert D Mason Inc. raised its position in shares of Euronav by 3.1% in the 4th quarter. Albert D Mason Inc. now owns 52,365 shares of the shipping company’s stock valued at $657,000 after purchasing an additional 1,590 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Euronav by 20.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,892 shares of the shipping company’s stock valued at $245,000 after purchasing an additional 3,370 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Euronav in the 4th quarter valued at approximately $110,000. Finally, Swiss National Bank increased its holdings in shares of Euronav by 2.9% in the 4th quarter. Swiss National Bank now owns 336,947 shares of the shipping company’s stock valued at $4,151,000 after acquiring an additional 9,430 shares during the last quarter. 32.78% of the stock is currently owned by institutional investors.

Euronav stock traded down $0.06 during midday trading on Friday, hitting $10.06. 1,504,737 shares of the company were exchanged, compared to its average volume of 2,605,469. The company’s fifty day moving average price is $11.27 and its 200-day moving average price is $10.21. The company has a market cap of $2.24 billion, a PE ratio of 18.29 and a beta of 1.07. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.47 and a quick ratio of 1.90. Euronav has a fifty-two week low of $7.21 and a fifty-two week high of $13.21.

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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