In a report released today, Poe Fratt from Noble Financial maintained a Hold rating on Euroseas (ESEA). The company’s shares closed last Thursday at $16.61, close to its 52-week high of $18.74.
According to TipRanks.com, Fratt is a top 100 analyst with an average return of 47.6% and a 56.3% success rate. Fratt covers the Industrial Goods sector, focusing on stocks such as Energy Services of America, Grindrod Shipping Holdings, and Great Lakes Dredge & Dock.
Currently, the analyst consensus on Euroseas is a Moderate Buy with an average price target of $16.00.
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Based on Euroseas’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $12.03 million and net profit of $575.3K. In comparison, last year the company earned revenue of $13.31 million and had a GAAP net loss of $765.1K.
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Euroseas Ltd. is a holding company, which engages in the provision of ocean-going transportation services. It operates containerships that transport dry and refrigerated containerized cargoes, mainly including manufactured products, and perishables. The firm also owns drybulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. The company was founded on May 5, 2005 and is headquartered in Athens, Greece.
