Euroseas: Still A Buy, With TCE Tailwinds Driving Strong Gains [Seeking Alpha]
Euroseas Ltd. (ESEA)
Last euroseas ltd. earnings: 2/19 09:05 am
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euroseas.gr
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Source: Seeking Alpha
Euroseas has seen a 70% share price increase in 12 months, driven by strong fundamentals, a healthy balance sheet, and fleet expansion. Long-term charter contracts should keep revenues steady, even if there is a decline in TCE rates. The balance sheet is healthy with high liquidity ratios and manageable debt, supporting ongoing capital expenditures for new vessels. Risks include a slowdown in TCE rates, the unstable geopolitical conflict in the Red Sea, and pressured free cash flows due to high investments in capex. Despite current risks, I maintain a Buy rating on Euroseas, as I expect fleet expansion and stable charter contracts to support long-term growth. DINphotogallery/iStock via Getty Images Euroseas Ltd. ( ESEA) has seen its share price increase by over 70% in the past 12 months. The stock has significantly outpaced the broader shipping industry, with strong fundamentals, healthy liquidity ratios, a manageable debt profile, and a steady This article was writte
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ESEA
News
- Euroseas Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2024, Declares Quarterly Dividend and Announces Order for the Construction of Two Fuel-Efficient 4,300 TEU Containerships [Yahoo! Finance]Yahoo! Finance
- Euroseas Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2024, Declares Quarterly Dividend and Announces Order for the Construction of Two Fuel-Efficient 4,300 TEU ContainershipsGlobeNewswire
- Is Euroseas (ESEA) Stock Outpacing Its Transportation Peers This Year? [Yahoo! Finance]Yahoo! Finance
- Wall Street Analysts Predict a 44.75% Upside in Euroseas (ESEA): Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- ESEA Readies to Report Q3 Earnings: What's in the Offing? [Yahoo! Finance]Yahoo! Finance
ESEA
Earnings
- 11/20/24 - Beat
ESEA
Sec Filings
- 11/21/24 - Form 6-K
- 11/12/24 - Form 6-K
- 10/22/24 - Form 6-K
- ESEA's page on the SEC website