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

42.30

Mkt cap

300M

Volume

17K

High

42.73

P/E Ratio

2.52

52-wk high

50.92

Low

41.61

Div yield

0.05

52-wk low

26.20

Euroseas has secured a contract for its vessel M/V Jonathan P for a period of 11 to 13 months at a daily rate of $20,000. This contract provides revenue visibility and stability for the company over the next year.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 1:23 pm

Euroseas has secured a time charter contract for its M/V Synergy Busan containership for a period of 36 to 38 months at a daily rate of $35,500, starting in December 2024.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:23 pm

Alliance Global Partners has initiated coverage on Euroseas (NASDAQ:ESEA) with a Buy rating and set a price target of $60.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 4:33 pm

Potential labor strikes at U.S. ports and Canadian railways could lead to volatility in container freight rates, impacting the container industry and cargo owners. Stocks of companies in the container leasing and liner sectors showed mixed performance amid these developments.

Portfolio Pulse from Michael Juliano

August 21, 2024 | 11:12 pm

Transatlantic container shipping volumes to the U.S. are increasing as retailers prepare for potential port strikes. This benefits shipping companies like Euroseas, Global Ship Lease, Danaos, and ZIM Integrated Shipping, which recently reported strong earnings.

Portfolio Pulse from Michael Juliano

August 19, 2024 | 9:56 pm

ESEA shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:26 pm

Euroseas (NASDAQ:ESEA) reported Q2 2024 earnings per share (EPS) of $4.92, significantly beating the analyst consensus estimate of $2.82 by 74.47%. The company also reported quarterly sales of $58.724 million, surpassing the estimate of $48.436 million by 21.24%. This represents a 23.12% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:58 pm

Euroseas Ltd. (NASDAQ:ESEA) has announced a new 18-month charter contract for its feeder containership, EM Spetses, at a gross daily rate of $18,100. The charter will commence in early August 2024.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:11 pm

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

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