Streetbeat News

ESEA

Euroseas Ltd.

https://www.euroseas.gr

Industry

Marine Shipping

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. As of May 03, 2022, it had a fleet of 18 vessels, including 10 feeder and 8 intermediate containerships with a cargo capacity of approximately 58,871 twenty-foot equivalent unit (teu). The company was incorporated in 2005 and is based in Marousi, Greece.

Open

41.65

Mkt cap

288M

Volume

8.8K

High

41.70

P/E Ratio

2.43

52-wk high

50.92

Low

41.03

Div yield

0.06

52-wk low

23.51

Euroseas Ltd. (NASDAQ:ESEA) has announced a time charter contract for its new fuel-efficient 1,800 teu feeder containership, M/V Pepi Star, for 23-25 months at a daily rate of $24,250. The vessel is expected to be delivered on July 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:06 pm

Noble Capital Markets has maintained its Outperform rating on Euroseas (NASDAQ:ESEA) and raised the price target from $49 to $53.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:15 pm

Euroseas has entered into a time charter contract for its new 1,800 TEU feeder containership, M/V Stephania K, at a daily rate of $22,000. The delivery of the vessel is expected on June 28, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 1:02 pm

Euroseas (NASDAQ:ESEA) reported Q1 2024 earnings per share (EPS) of $2.66, missing the analyst consensus estimate of $2.89 by 7.96%. However, the company reported sales of $46.7 million, beating the estimate of $46.313 million by 0.84%. Compared to the same period last year, EPS decreased by 13.92%, while sales increased by 11.36%.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:50 pm

Euroseas (NASDAQ:ESEA) reported Q1 2024 earnings per share (EPS) of $2.87, missing the analyst consensus estimate of $2.89 by 0.69%. However, the company reported quarterly sales of $46.70 million, beating the analyst consensus estimate of $46.31 million by 0.84%. This represents an 11.36% increase over sales of $41.94 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:45 pm

Euroseas Ltd. (NASDAQ:ESEA) has entered into a time charter contract for its new 1,800 teu feeder containership, M/V Monica, for 10-12 months at $16,000/day, expected to start in mid-May 2024. The deal is financed partly by a $22.5 million loan from the National Bank of Fujairah. This charter is anticipated to contribute approximately $2.7 million of EBITDA for the minimum period and increases Euroseas' 2024 charter coverage to over 85%. The financing, advised by Alantra DIFC, also covers the sister ship M/V Stefania K, showcasing a commitment to sustainable maritime practices.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:51 pm

Euroseas Ltd. has entered into a Memorandum of Agreement to sell its container vessel, M/V EM Astoria, for approximately $10 million. This strategic move is part of the company's fleet optimization strategy.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:49 pm

Euroseas Ltd. (NASDAQ:ESEA) announced a one-year time charter contract for its containership, M/V Synergy Antwerp, at a daily rate of $26,500, starting April 2, 2024. The ship underwent retrofits, including energy-saving devices, expected to reduce CO2 emissions by 9,800 metric tons annually. These upgrades are part of Euroseas' efforts to modernize its fleet and reduce its carbon footprint. The charter is expected to contribute about $6.5 million of EBITDA and increases Euroseas' 2024 charter coverage to 80%.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:03 pm

Euroseas Ltd. (NASDAQ:ESEA) has secured a two-year time charter contract for its new 2,800 teu feeder containership, M/V LEONIDAS Z, at a daily rate of $20,000. The charter, with one of the largest liner companies, will commence upon the vessel's delivery around late April or early May 2024. This deal is expected to generate approximately $9 million in EBITDA for the minimum contracted period and increases Euroseas' 2024 charter coverage to about 74%.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:38 pm

The article identifies five value stocks in the industrials sector based on low P/E multiples, indicating potential undervaluation. These include Mueller Industries (MLI), United Airlines Holdings (UAL), Euroseas (ESEA), Performance Shipping (PSHG), and Intuitive Machines (LUNR), with recent financial performance data provided for each. The significance of investing in value stocks is highlighted, noting the potential for rebound and the associated risks.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:41 pm

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