Euronav (NYSE:EURN) is set to post its quarterly earnings results before the market opens on Wednesday, April 25th. Analysts expect Euronav to post earnings of ($0.21) per share for the quarter.
Euronav (NYSE:EURN) last announced its quarterly earnings data on Thursday, January 25th. The shipping company reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. The company had revenue of $119.00 million for the quarter, compared to analysts’ expectations of $121.46 million. Euronav had a net margin of 0.24% and a negative return on equity of 1.16%.
Shares of EURN opened at $8.95 on Monday. The company has a market capitalization of $1,424.92, a PE ratio of -99.44 and a beta of 0.54. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.77 and a current ratio of 1.77. Euronav has a 12-month low of $6.90 and a 12-month high of $9.65.
Several research analysts have recently weighed in on EURN shares. TheStreet raised shares of Euronav from a “d+” rating to a “c” rating in a research report on Thursday, January 25th. Zacks Investment Research raised shares of Euronav from a “strong sell” rating to a “hold” rating in a research report on Monday, April 16th. UBS lifted their target price on shares of Euronav from $8.75 to $9.25 and gave the stock a “neutral” rating in a research report on Friday, January 26th. JPMorgan Chase lifted their target price on shares of Euronav from $8.50 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, March 23rd. Finally, DNB Markets raised shares of Euronav from a “hold” rating to a “buy” rating in a research report on Tuesday, March 6th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.29.
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Euronav Company Profile
Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean 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 August 23, 2017, it owned and operated a fleet of 56 double hulled vessels, including 30 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 4 Suezmax vessels under construction.
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