Euroseas Ltd (NASDAQ:ESEA) Q2 2024 Results Conference Call August 6, 2024 10:00 AM ET Company Participants Tasos Aslidis - Chief Financial Officer Symeon Pariaros - Chief Administrative Officer Conference Call Participants Tate Sullivan - Maxim Group Lars Eide - Arctic Securities Mark Reichman - Noble Capital Markets Climent Molins - Value Investor's Edge Operator Thank you for standing by, ladies and gentlemen, and welcome to the Euroseas Conference Call on the Second Quarter 2024 Financial Results. We hav ...

Thierry Dosogne This article analyzes Euroseas Ltd. (NASDAQ:ESEA) 2Q24 earnings results and the company's valuation. On the business side, the company is still enjoying profitable $40k/day contracts landed during the bottlenecks of 2021/22, helping it maintain a $30k/day+ TCE and good profitability. The company's new ships are being chartered at rates ranging from $16k to $25k, aided by conflict in the Red Sea, albeit for short periods. ESEA's contract maturities this year will probably be chartered at good ...

Euroseas Ltd. (ESEA) came out with quarterly earnings of $4.92 per share, beating the Zacks Consensus Estimate of $2.49 per share. This compares to earnings of $4.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 97.59%. A quarter ago, it was expected that this company would post earnings of $3.02 per share when it actually produced earnings of $2.66, delivering a surprise of -11.92%. Over the last four quarters, the company ...

ATHENS, Greece, Aug. 06, 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 its results for the three- and six-month periods ended June 30, 2024. Second Quarter 2024 Financial Highlights: Total net revenues of $58.7 million. Net income of $40.7 million or $5.89 and $5.84 earnings per share basic and diluted, respectively. Adjusted net income1 ...

xefstock 52 Week Range 21.01 42.46 Day Range 36.85 |38.33 EPS (FWD) 10.46 PE (FWD) 3,57 Div Rate (FWD) $2.40 Yield (FWD) 6.41% 0.10% Short Interest Market Cap $262.48M Volume 19,425 Prev. Close $37.42 Exciting Opportunity Euroseas Ltd. (NASDAQ:ESEA) is the smallest, publicly traded, marine cargo shipping company about those we have written in our series for Secking. Alpha. IIs market cap is $261.99M. Euroseas excites us, and we consider the stock a Strong Buy opportunity on dips in the share price. The shar ...

Company Contact Investor Relations / Financial Media Tasos Aslidis Nicolas Bornozis Chief Financial Officer Markella Kara Euroseas Ltd. Capital Link, Inc. 11 Canterbury Lane 230 Park Avenue, Suite 1540 Watchung, NJ 07069 New York, NY 10169 Tel. (908) 301-9091 Tel: (212) 661-7566 E-mail: aha@euroseas.gr Email: euroseas@capitallink.com Conference Call details: Alternatively, participants can register for the call using the call me option for a faster connection to join the conference call. You can enter your ...

Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In). Please quote "Euroseas" to the operator and/or conference ID 13748264. Click here for additional participant International Toll-Free access numbers. Audio Webcast ‐ Slides Presentation: Euroseas Ltd. was formed on May 5, 2005 under the laws of the Republic of the Marshall Islands to consolidate the ship owning ...

ATHENS, Greece, July 23, 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 a new time charter contract for its 1,740 feeder containership, EM Spetses, for a minimum period of 18 to a maximum period of 20 months at the option of the charterer, at a gross daily rate of $18,100. The charter for EM Spetses will commence in early August 2024, upo ...

ATHENS, Greece, July 08, 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 a new time charter contract for its feeder containership, M/V Joanna, built in 1999 with capacity of 1732 teu, for a minimum period of 23 to a maximum period of 25 months at the option of the charterer, at an average gross daily rate of $16,500. The charter for M/V Joa ...

In addition, the Company announced that its M/V EM Astoria, a 2,788 teu feeder containership vessel built in 2004, was successfully delivered to its new owners on June 26, 2024. As previously announced, the vessel was sold for approximately $10 million, resulting in a gain on sale of more than $5.5 million or about $0.80/share and having contributed to the Company total earnings of about $42.8 million since its acquisition in 2017. "We are also pleased to welcome M/V Stephania K in our fleet. The vessel is ...