Euronav NV (EURN) Expected to Announce Earnings of -$0.16 Per Share
Wall Street brokerages forecast that Euronav NV (NYSE:EURN) will report ($0.16) earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for Euronav’s earnings. The lowest EPS estimate is ($0.21) and the highest is ($0.11). Euronav reported earnings of $0.09 per share in the same quarter last year, which indicates a negative year over year growth rate of 277.8%. The firm is expected to report its next earnings results before the market opens on Thursday, January 25th.
According to Zacks, analysts expect that Euronav will report full-year earnings of ($0.13) per share for the current fiscal year, with EPS estimates ranging from ($0.20) to ($0.09). For the next financial year, analysts expect that the company will post earnings of ($0.64) per share, with EPS estimates ranging from ($1.07) to ($0.14). Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Euronav.
EURN has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Euronav from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Stifel Nicolaus set a $9.00 price objective on shares of Euronav and gave the company a “hold” rating in a research note on Friday, December 22nd. Deutsche Bank set a $10.00 price objective on shares of Euronav and gave the company a “buy” rating in a research note on Thursday, December 21st. TheStreet cut shares of Euronav from a “c-” rating to a “d+” rating in a research note on Tuesday, November 14th. Finally, Morgan Stanley raised shares of Euronav from an “equal weight” rating to an “overweight” rating and set a $10.00 price objective on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.35.
A number of institutional investors and hedge funds have recently bought and sold shares of EURN. Jefferies Group LLC acquired a new stake in Euronav in the fourth quarter worth $163,000. Macquarie Group Ltd. acquired a new stake in Euronav in the fourth quarter worth $190,000. Impala Asset Management LLC acquired a new stake in Euronav in the fourth quarter worth $687,000. Dimensional Fund Advisors LP raised its holdings in Euronav by 20.3% in the third quarter. Dimensional Fund Advisors LP now owns 95,432 shares of the shipping company’s stock worth $773,000 after purchasing an additional 16,120 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in Euronav in the fourth quarter worth $894,000. Institutional investors own 21.02% of the company’s stock.
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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 April 4, 2017, it owned and operated a fleet of 55 double hulled vessels, including 31 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 2 Suezmax vessels under construction.
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