Profile
Sector:
IndustrialsIndustry:
Marine ShippingCountry:
GreeceIPO:
05 May 2006Website:
http://www.euroseas.grNext earnings report:
09 August 2024Last dividends:
12 June 2024Next dividends:
N/APrice
after hours | 70 min agoAnalysts recommendations
Institutional Ownership
ESEA Latest News
ATHENS, Greece, June 18, 2024 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today it has entered into a time charter contract for M/V Pepi Star, a newbuilding fuel efficient 1,800 teu feeder containership currently under construction, for a minimum period of 23 to a maximum period of 25 months at the option of the charterer, at a gross daily rate of $24,250. The new charter will commence upon delivery of the vessel from the shipyard expected to take place on or about July 19, 2024. The acquisition was financed with a combination of debt and equity.
ATHENS, Greece, June 10, 2024 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today it has entered into a time charter contract for M/V Stephania K, a newbuilding fuel efficient 1,800 teu feeder containership currently under construction, for a minimum period of 23 to a maximum period of 25 months at the option of the charterer, at a gross daily rate of $22,000. The new charter will commence upon delivery of the vessel from the shipyard expected to take place on June 28, 2024. The acquisition was financed with a combination of own funds and a US$22.5 million loan provided by the National Bank of Fujairah.
Euroseas Ltd. has outperformed the total stock market by 3.8x in the past year. The rerouting effects from the Red Sea are serving as a useful panacea for the industry which otherwise would have been facing pressures on account of an increase in capacity. Capacity pressures will be less pronounced for ESEA, which operates in the feeder and intermediate segment of the market.
Euroseas Ltd. (NASDAQ:ESEA ) Q1 2024 Results Conference Call May 23, 2024 10:00 AM ET Company Participants Aristides Pittas - Chairman and Chief Executive Officer Tasos Aslidis - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group Kristoffer Skeie - Arctic Securities Operator Thank you for standing by, ladies and gentlemen, and welcome to Euroseas Conference Call on the First Quarter 2024 financial results.
Euroseas Ltd. (ESEA) came out with quarterly earnings of $2.66 per share, missing the Zacks Consensus Estimate of $3.02 per share.
At Zacks, we prioritize the reliable Zacks Rank system, which highlights earnings estimates and revisions to identify top-performing stocks. However, we also keep a close eye on current value, growth, and momentum trends to highlight strong investment options.
Here is the performance of Euroseas Ltd. (ESEA) and International Seaways (INSW) compared to their industry in the current year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Euroseas, Ltd. is a container lessor listed on the NASDAQ with operational offices in Greece. Its stock price has risen 97 percent in the last year. The company owns 20 containerships and has six more orders for delivery in 2024, representing a 30 percent capacity increase (in TEUs). Euroseas expects to more than double its debt to finance its newbuild program.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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What type of business is 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. 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.
What sector is Euroseas in?
Euroseas is in the Industrials sector
What industry is Euroseas in?
Euroseas is in the Marine Shipping industry
What country is Euroseas from?
Euroseas is headquartered in Greece
When did Euroseas go public?
Euroseas initial public offering (IPO) was on 05 May 2006
What is Euroseas website?
https://www.euroseas.gr
Is Euroseas in the S&P 500?
No, Euroseas is not included in the S&P 500 index
Is Euroseas in the NASDAQ 100?
No, Euroseas is not included in the NASDAQ 100 index
Is Euroseas in the Dow Jones?
No, Euroseas is not included in the Dow Jones index
When does Euroseas report earnings?
The next expected earnings date for Euroseas is 09 August 2024