The closing price of Euronav NV (NYSE: EURN) was $15.48 for the day, down -5.72% from the previous closing price of $16.42. In other words, the price has decreased by -$0.94 from its previous closing price. On the day, 1600573 shares were traded.
Ratios:
Our analysis of EURN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.31. For the most recent quarter (mrq), Quick Ratio is recorded 1.88 and its Current Ratio is at 1.94. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.27.
On January 31, 2024, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $21 to $18.
JP Morgan Downgraded its Overweight to Neutral on October 31, 2023, whereas the target price for the stock was revised from $21 to $18.43.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EURN now has a Market Capitalization of 3.44B and an Enterprise Value of 3.91B. As of this moment, Euronav’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.55, and their Forward P/E ratio for the next fiscal year is 7.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.53 while its Price-to-Book (P/B) ratio in mrq is 1.44. Its current Enterprise Value per Revenue stands at 3.16 whereas that against EBITDA is 3.10.
Stock Price History:
Over the past 52 weeks, EURN has reached a high of $18.50, while it has fallen to a 52-week low of $14.07. The 50-Day Moving Average of the stock is 17.64, while the 200-Day Moving Average is calculated to be 17.10.
Shares Statistics:
EURN traded an average of 1.56M shares per day over the past three months and 1.89M shares per day over the past ten days. A total of 220.02M shares are outstanding, with a floating share count of 86.24M. Insiders hold about 57.35% of the company’s shares, while institutions hold 26.50% stake in the company. Shares short for EURN as of Feb 29, 2024 were 2.73M with a Short Ratio of 1.75, compared to 4.22M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.35% and a Short% of Float of 2.44%.
Dividends & Splits
With its trailing 12-month dividend rate of 2.07, EURN has a forward annual dividend rate of 1.42. Against a Trailing Annual Dividend Yield of 12.61%, it implies a Forward Annual Dividend Yield of 20.48%. The stock’s 5-year Average Dividend Yield is 6.71.
Earnings Estimates
The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of $0.52 for the current quarter, with a high estimate of $0.66 and a low estimate of $0.31, while EPS last year was $0.87. The consensus estimate for the next quarter is $0.4, with high estimates of $0.56 and low estimates of $0.19.
Analysts are recommending an EPS of between $5.15 and $1.36 for the fiscal current year, implying an average EPS of $2.24. EPS for the following year is $1.79, with 9 analysts recommending between $3.05 and $1.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $269.58M to a low estimate of $208.2M. As of the current estimate, Euronav NV’s year-ago sales were $339.95M, an estimated decrease of -29.70% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $212.26M, a decrease of -39.00% less than the figure of -$29.70% in the same quarter last year. There is a high estimate of $223.11M for the next quarter, whereas the lowest estimate is $201.4M.
A total of 10 analysts have provided revenue estimates for EURN’s current fiscal year. The highest revenue estimate was $1.51B, while the lowest revenue estimate was $712M, resulting in an average revenue estimate of $1.01B. In the same quarter a year ago, actual revenue was $1.24B, down -18.60% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $1.07B in the next fiscal year. The high estimate is $1.81B and the low estimate is $731M. The average revenue growth estimate for next year is up 6.20% from the average revenue estimate for this year.
