Euroseas (ESEA) Given Consensus Rating of “Strong Buy” by Analysts

Shares of Euroseas (NASDAQ:ESEA) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokers have set a 12 month consensus price objective of $3.00 for the company, according to Zacks. Zacks has also assigned Euroseas an industry rank of 208 out of 265 based on the ratings given to related companies.

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Separately, ValuEngine upgraded shares of Euroseas from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 19th.

NASDAQ ESEA opened at $2.31 on Friday. Euroseas has a 1 year low of $1.13 and a 1 year high of $2.73. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.29.

Euroseas (NASDAQ:ESEA) last posted its earnings results on Monday, March 5th. The shipping company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.04. Euroseas had a negative net margin of 14.20% and a negative return on equity of 4.87%. The firm had revenue of $13.55 million during the quarter.

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About Euroseas

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; and drybulk carriers that transport iron ore, coal, grains, bauxite, phosphate, and fertilizers.

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