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Euroseas Ltd

Euroseas Ltd (ESEA)

39.67
0.86
( 2.22% )
Updated: 13:52:59

Empower your portfolio: Real-time discussions and actionable trading ideas.

Key stats and details

Current Price
39.67
Bid
39.44
Ask
39.85
Volume
17,613
38.21 Day's Range 39.67
19.71 52 Week Range 42.29
Market Cap
Previous Close
38.81
Open
38.88
Last Trade
2
@
39.8
Last Trade Time
13:56:36
Financial Volume
$ 684,636
VWAP
38.871
Average Volume (3m)
30,919
Shares Outstanding
7,010,000
Dividend Yield
5.29%
PE Ratio
-
Earnings Per Share (EPS)
-
Revenue
-
Net Profit
-

About Euroseas Ltd

Euroseas Ltd is a shipping company. Its fleet consists of containerships that transport container boxes providing scheduled service between ports. Its operations are managed by an affiliated ship management company, which is responsible for the day-to-day commercial and technical management and oper... Euroseas Ltd is a shipping company. Its fleet consists of containerships that transport container boxes providing scheduled service between ports. Its operations are managed by an affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The company employs its vessels on spot and period charters and through pool arrangements. Show more

Sector
Water Transport Svcs, Nec
Industry
Water Transport Svcs, Nec
Website
Headquarters
Maroussi, Attica, Grc
Founded
1970
Euroseas Ltd is listed in the Water Transport Svcs sector of the NASDAQ with ticker ESEA. The last closing price for Euroseas was $38.81. Over the last year, Euroseas shares have traded in a share price range of $ 19.71 to $ 42.29.

Euroseas currently has 7,010,000 shares outstanding.

ESEA Latest News

Euroseas Ltd. Sets Date for the Release of First Quarter 2024 Results, Conference Call and Webcast

ATHENS, Greece, May 20, 2024 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized...

Euroseas Ltd. Announces Time Charter Contract for its Fuel Efficient 1,800 teu Feeder Containership Newbuilding, M/V Monica and Financing of M/V Monica and M/V Stefania K

ATHENS, Greece, May 08, 2024 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne...

Euroseas Ltd. Announces A Time Charter Contract for its Feeder Containership, M/V EM Hydra, and An Agreement To Sell its 2004-built 2,788 teu Feeder Containership, EM Astoria

ATHENS, Greece, April 18, 2024 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne...

Euroseas Ltd. Announces One-Year Time Charter Contract and Completion of Retrofits for its Intermediate Containership, M/V Synergy Antwerp

ATHENS, Greece, April 02, 2024 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne...

Euroseas Ltd. Announces Completion of Retrofits of its Intermediate Containership, M/V Marcos V, Reducing the Vessel’s Carbon Footprint

ATHENS, Greece, March 21, 2024 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne...

REMINDER - Leading Dry Bulk & Container Shipping Companies Participating at Capital Link’s 18th Annual International Shipping Forum Monday, March 11, 2024 in New York City

Attendance is complimentary to investors & qualified attendees.1x1 Meetings Available Upon Request. NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading publicly...

Euroseas Ltd. Announces Two-Year Time Charter Contract for its Fuel Efficient 2,800 teu Feeder Containership Newbuilding, M/V Leonidas Z, Commencing upon its Delivery

ATHENS, Greece, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
11.413.685311029838.2640.49373054238.61868503CS
46.0918.135795116133.5840.4932.82749436.66422743CS
120.872.2422680412438.840.4932.68733091936.2804308CS
2611.7942.288378766127.8842.2926.24422335.09794514CS
5219.1793.51219512220.542.2919.713599730.9599586CS
15623.96152.51432208815.7142.2913.727019226.86800029CS
26038.9985803.273809520.67242.290.339618013.8575743CS

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ESEA Discussion

View Posts
Monksdream Monksdream 3 months ago
ESEA new 52 week high
👍️0
tasari tasari 2 years ago
ESEA confirmed !!!

The earning of ESEA are really good, a lot more than previous year.
The stakeholders equity went up with 25% and will double of that this year !
The current per share stakeholders equity is $15 with $54 million cashflow
👍️0
tasari tasari 3 years ago
Container sector is so hot that ships rent for $200,000/day


Euroseas (NASDAQ: ESEA) confirmed this week that it chartered its 2009-built, 4,250-twenty-foot equivalent unit container ship Synergy Oakland for 60-85 days at a gross rate of $195,000-$202,000 per day starting in the second half of October.

https://www.hellenicshippingnews.com/container-sector-is-so-hot-that-ships-rent-for-200000-day/
👍️0
tasari tasari 3 years ago
So Q1 + Q2 2021 total of $1.57 EPS
https://seekingalpha.com/symbol/ESEA/earnings

This means with a P/E of 30 this should give a stock price around $47 AND this just based on earnings of a half year 2021 !
So if I only "double" the earnings, the stock should be $94 :-O Even with a P/E of only 25 it gives a stock price of $78 and current price is $21 :-O

The next quarters will be giving a much higher EPS than the actual 2 first quarters..

These very profitable quarters didn't happen since at least 10 years for this company. So imagine soon when this stock will get noticed by many fundamental analyzers.. and technical it is still in uptrend !
👍️0
tasari tasari 3 years ago
Euroseas EPS beats by $0.22, misses on revenue

https://seekingalpha.com/news/3729108-euroseas-eps-beats-0_21-misses-on-revenue

The EPS is much higher than estimated !!
👍️0
tasari tasari 3 years ago
Q2 2021 Results after the market today ! ( 11 august 2021 after market close )

Each quarter will be better and better, all this because of much higher prices of contracts !

Have a look at the earnings :
https://seekingalpha.com/symbol/ESEA/earnings

Look at the annual estimates, this company will be more and more profitable.. This stock is going to soar, if you take a P/E of 20 only ( normally it is around 30 ) this means a price of $90 or more based on year 2021, the year after it will double almost ( don't forget stock prices are based on future earnings )
👍️0
tasari tasari 3 years ago
ESEA super cheap... buy recommandation.

Look their latest earnings :
https://www.investing.com/equities/euroseas-ltd-earnings

The next quarter ( Q2 ) will be higher too, and the quarters after too because the much higher contracts till 2022 !!
Look at Q3 estimates !! It will be easily $4 per share in earnings with a P/E of "only" 30 this means the stock will be $120 :O ( not even most optimistic ones !!)
👍️0
tasari tasari 3 years ago
More container ships score ‘astronomical’ $100,000/day rates

More excellent news for Euroseas !!

https://www.hellenicshippingnews.com/more-container-ships-score-astronomical-100000-day-rates/
👍️0
tasari tasari 3 years ago
Proven again... with the results going down ( sell on news ) but after it goes back up, we are at highest price of the year now !!

Which is normal, the 1st quarter was almost the same EPS for the whole year 2020 !! This year it is even to grow more, the company has higher prices for their cargos..

EPS 2021 between $3 and $5, with P/E of around 30, meaning it could go between $90 and $150 ! Wooow amazing...

If you don't believe me do check yourself

Here overview of last 4 years - look all the numbers going all the same way !
https://www.otcmarkets.com/stock/ESEA/financials
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tasari tasari 3 years ago
Crazy that nowadays on earnings results people sell the stock ( here also the case ) even when the EPS AND revenue are so high and good.

Probably the fault of those putting high "estimates"...
But anyway the stock will keep moving higher, that is already proven many times after the earnings releases... enjoy the bargain for as long as it lasts
👍️0
tasari tasari 3 years ago
Forecast of Zacks for ESEA :

Q1 Q2 F1
Current 0.58 0.97 4.49

EPS : $4.49 with PE of 30 is around $120 for stock price, now it is $15 :O
👍️0
tasari tasari 3 years ago
Earnings are out !!! Really good numbers :

Revenue : $ 14,31M
=> highest revenue since earnings announcement 27 march 2020 => Q1 20202 !!

EPS : $ 0,53
=> triple of the result of 27 march 2020 ( Q1 2020 ) => higher than more than 8 years, yes 8 years !

The agreements are already renewed with higher value per contract.
So if 0,53 for each quarter ( like Q1 2021 ),
this means around $2 EPS for 2021 with P/E of 30 => stock price will be $60 and this is the lowest price, because normally the EPS will go up gradually easily to $2,5 so $75 for stock price, and of course the stock price always base itself on "future" earnings...

This company is back on track after soooo many years going not soo good at all !! Excellent news !!
👍️0
tasari tasari 3 years ago
All be ready for some action...

The earnings are coming out very soon, the latest next week.
The earnings of Q1 2021, it will be very positive EPS !!
The company had renewed their contracts for much higher price, multiple once. This means the company will probably have $2 per share of earnings, so much more potential to the upside ( this is low estimation, normally should go up each quarter to $2,5 ! )
👍️0
tasari tasari 3 years ago
Excellent news about future earnings - Zacks


Euroseas Ltd. consolidates the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 136 years. Euroseas operates in the dry cargo, dry bulk and container shipping markets. Its management and operations are carried out by Eurobulk Ltd. The company employs its vessels on spot and period charters and through pool arrangements.

This year, the company is expected to grow revenue and earnings by 46.5% and 674.1%, respectively. The Zacks Consensus Estimate for the year jumped 93 cents (26.1%) in the last 30 days.

https://www.hellenicshippingnews.com/zacks-eagle-bulk-shipping-euroseas-genco-shipping-trading-navios-maritime-partners-and-orient-overseas/
👍️0
tasari tasari 3 years ago
The earning of ESEA is coming out very soon..
It will be very positive earnings with all better contracts the company got ! A little boom to the upside is for sure, to $28-30 after no idea....
👍️0
tasari tasari 3 years ago
The positive news of the last month gives an excellent support to the stock ESEA !!

Yesterday it started its move up again => +7,74%
And there is more to come, the earnings result will be much better but the next earnings even better, the stock is going to go up again, higher than the previous time, the earnings are out in good 3 weeks.

This stock will easily go up till $28-30 thanks to the better deals for next quarters !
👍️0
tasari tasari 3 years ago
The opening will be up again.. let's see how high this will go !
The float isn't big for sure, this company is profitable now, so better times ahead !
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tasari tasari 3 years ago
Indeed this will give a little squeeze up monday ! ( Very little short interests )...

More than 27% up friday ! I hope people realize what this huge contract means, the company said an "annualized" EBITDA contribution of ~$11.5M which is about $9.0m higher than their present contribution of about $2.5m

With so little number of shares !
👍️0
crudeoil24 crudeoil24 3 years ago
2 MILLION TRADING FLOAT > ESEA
👍️0
crudeoil24 crudeoil24 3 years ago
Euroseas Ltd. Announces New Charters For Two Of Its Vessels, M/V 'Synergy Busan' And M/V 'EM Kea'; New Charters Secure Minimum Of $40M In Revenue
8:41 am ET March 17, 2021 (Benzinga) Print


ATHENS, Greece, March 17, 2021 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ:ESEA, the &ldquo, Company&rdquo, or &ldquo, Euroseas&rdquo, )), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today the extension of the charter of its container vessels M/V “EM Kea” and a new time charter contract for its container vessel M/V “Synergy Busan”. Specifically:

The charter of M/V “EM Kea”, a 3,091 TEU vessel built in 2007, was extended for a period between a minimum of twenty-five and a maximum of twenty-eight months at the option of the charterer, at a daily rate of $22,000. The new rate will commence on April 25, 2021 about 2 months earlier than the latest expiration of the present charter.
M/V “Synergy Busan”, a 4,253 TEU vessel built in 2009, entered into a new time charter contract for a period of between a minimum of thirty-six and a maximum of forty months at the option of the charterer, at a daily rate of $25,000. The new rate will commence between June 9, 2021 and August 9, 2021 when the vessel will be redelivered from its current charterer.
Aristides Pittas, Chairman and CEO of Euroseas, commented: “We are very pleased to announce new charters for two of our vessels for periods of at least two and three years, respectively, at rates more than twice the levels of their existing employment. The new charters secure a minimum of $40m of contracted revenues and make an annualized EBITDA contribution of approximately $11.5m which is about $9.0m higher than, or 4.5 times, their present contribution of about $2.5m, significantly improving our profitability and cash flow visibility.

“Undoubtedly, the containership markets have had a remarkable run over the last six months with all factors in the marketplace suggesting continuing strength. After these two charters, seven of our fourteen vessels would be earning higher rates reflective of the recent market recovery. If the present market levels continue, renewals of the five remaining charters with legacy rates expiring in 2021 should result in significant further increase in our profitability. The cash flow generated would be available to further strengthen our balance sheet, be used for further investment or for reinstitution of dividends or a combination thereof, as always, at the discretion of our Board or Directors.”
👍️0
crudeoil24 crudeoil24 3 years ago
That is a fabulous $40M contract. > 2 million trading float!
👍️0
tasari tasari 3 years ago
This company is growing bigger and bigger...

With only 6,1 millions of shares !!!
And with a float even less...
👍️0
tasari tasari 3 years ago
Excellent news for this company !!!

I quote :
“The new charters secure a minimum of $40M of contracted revenues and make an annualized EBITDA contribution of ~$11.5M which is about $9.0m higher than, or 4.5 times, their present contribution of about $2.5m, significantly improving our profitability and cash flow visibility,” commented Aristides Pittas, CEO.

Euroseas announces new charters for its vessels, m/v Synergy Busan and M/V EM Kea :
https://seekingalpha.com/news/3673570-euroseas-announces-new-charters-for-its-vessels-mv-synergy-busan-and-mv-em-kea
👍️0
tasari tasari 3 years ago
Our fleet benefitted from the market increase as four of our vessels renewed their charters at rates more than double their previous levels and are set to make significant contributions to our earnings. We remain very optimistic for the medium term prospects of the market due to the relatively low orderbook, the expected rebound of the containerized trade, especially, if the COVID-19 pandemic comes under control and the expanding regulatory and environmental requirements that effectively increase the need for more vessel capacity. If, as result of the above trends, the charter rates remain near their current levels for the next four to five months, we should be able to renew the charters of almost all of our vessels at similarly higher rates than they currently earn further contributing to our profitability.

https://seekingalpha.com/pr/18206747-euroseas-ltd-reports-results-for-year-and-quarter-ended-december-31-2020
👍️0
tasari tasari 3 years ago
Better than expected revenue AND EPS !!

EPS : 0.07 ( forecast 0.04 )
Revenue :12.03M ( forecast 11.35 )

Excellent news... even better for the short and long future !!
👍️0
tasari tasari 3 years ago
Tomorrow ESEA will publish their earnings results.
This will be good, maybe even very good.

We could easily go to $15 or more..
It will be profitable, so a turn around ( COVID-19 still busy, but going to the end ! ), this means even more upside potential !
👍️0
TheFinalCD TheFinalCD 4 years ago
shippers back in play


ESEA
👍️0
Soulman856 Soulman856 4 years ago
Looking good here again
👍️0
WorkinGreen WorkinGreen 4 years ago
Nice move

Adding $3.65

$ESEA
👍️0
ClayTrader ClayTrader 4 years ago
* * $ESEA Video Chart 05-27-2020 * *

Link to Video - click here to watch the technical chart video

👍️0
TheFinalCD TheFinalCD 4 years ago
4.20= wow https://ih.advfn.com/stock-market/NASDAQ/euroseas-ESEA/stock-news/82541696/euroseas-ltd-reports-results-for-the-quarter-ende
👍️0
TheFinalCD TheFinalCD 4 years ago
wow nice recovery from 2.52 low today


very little volume
👍️0
europtiger europtiger 4 years ago
And just dropping hard pm
👍️0
europtiger europtiger 4 years ago
Hi there

I am out here long time... was just a quick flip with a lil loss

👍️0
TheFinalCD TheFinalCD 4 years ago
ESEA 3.39x3.60 up from yesterdays 3.05

your thoughts?

👍️0
europtiger europtiger 4 years ago
Got 4,06 average
👍️0
pennylane67 pennylane67 4 years ago
Stupid CEO and Board. R/S never works. You are such an idiot.
👍️0
Biggeoff Biggeoff 4 years ago
Carl Icahn took stake
👍️0
pennylane67 pennylane67 4 years ago
I'm not a big fan of R/S. I hope it works out though.
👍️0
whytestocks whytestocks 4 years ago
News: $ESEA Euroseas Ltd. Announces Completion of Reverse Stock Split

MAROUSSI, ATHENS, Greece, Dec. 19, 2019 (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 that...

In case you are interested ESEA - Euroseas Ltd. Announces Completion of Reverse Stock Split
👍️0
heide heide 5 years ago
ESEA doubled the daily rate of "Akinada Bridge" in compare to the 2Q19 report. That is a huge news.

"M/V “Akinada Bridge”, with capacity of about 5,600 teu and built in 2001, has entered into a charter contract of minimum duration of ten months and maximum duration of thirteen months at a daily rate of $16,500"

When i add all 14 feeder container ships with a double daily rate than can reach ESEA over 90 Mill $ in revenue in 2020 ( only 5 % growth anticipated in 2020). With only operating expenses of 7 Mill $ ESEA could reach over 10 Mill $ in profit.

http://www.harperpetersen.com/harpex/harpexRH.do?timePeriod=Years10&&dataType=Harpex&floatLeft=None&floatRight=None

HARPEX looks great!

I think that India and Africa will outperform in the next 5 years totally. China will grow with 5% with US protection.
👍️0
whytestocks whytestocks 5 years ago
News: $ESEA Euroseas Ltd. Announces Charter for its Intermediate-size Container Vessel, M/V Akinada Bridge

MAROUSSI, ATHENS, Greece, Sept. 30, 2019 (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 its conta...

Find out more ESEA - Euroseas Ltd. Announces Charter for its Intermediate-size Container Vessel, M/V Akinada Bridge
👍️0
Gls3ms Gls3ms 5 years ago
These seasonal shipping companies are about to make their annual migration. I’m in early to capitalize on profits before the action starts. Get in before your chasing. Why fight for 20% when you can sit back and relax and make hundreds
👍️0
heide heide 5 years ago
ESEA should be with his 15 feeder container ships one big winner in the shipping industry.
ESEA will be a huge cash cow with rising prices, they are right now profitable and can reach over 10 Mill EBITDA in 2019.

In 2020 ESEA can reach with a expanding fleet + rising prices 10 Mill $ in profit easily.
Also is the ASEAN, INDIA, Pacific Region ... growing and the shipping industry is not priced fairly.

The Market Cap is undervalued strongly after the first half of the year 2019 + a strong balance sheet + 15 container ships!
👍️0
Gls3ms Gls3ms 5 years ago
Hello everyone, I missed the bus on last years shippers. Not this year. There is an obvious pump coming in a few weeks and I think this suckers gonna run similar to last year. . You can get in now for max gain potential or you can wait and miss out. I’ve loaded early to get ahead of the gold rush. Do your own research and see what you think. I think snoozers will be lookers.
👍️0
whytestocks whytestocks 5 years ago
News: $ESEA Euroseas Ltd. Announces Three Transformative Transactions Reducing its Cost of Capital and Significantly Expanding its Fleet: Refinancing of Two Vessels, Partial Redemption of the Majority of its Preferred Shares and Acquisition of Four Vessels

MAROUSSI, ATHENS, Greece, June 03, 2019 (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, today announced its entry ...

Got this from https://marketwirenews.com/news-releases/euroseas-ltd-announces-three-transformative-transactions-reducing-its-cost-of-capital-and-significantly-expanding-its-fleet-refinancing-of-two-vessels-partial-redemption-of-the-majority-of-its-preferred-shares-and-acquisition-of-four-vessel-8289292.html
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doebop doebop 5 years ago
Loading .70s
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pennylane67 pennylane67 5 years ago
Huge gain today. Back to 1.75 by Spring. First quarter of 2019 the company will report profits again.
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ClayTrader ClayTrader 6 years ago
* * $ESEA Video Chart 11-13-18 * *

Link to Video - click here to watch the technical chart video

👍️0
bigarow bigarow 6 years ago
ESEA Earnings will beat street by a lot imo.
👍️0

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