Euroseas

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 company also owns drybulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. Euroseas was founded on May 5, 2005 and is headquartered in Athens, Greece.

Earnings data Q4 2020

Earnings data Q1 2021

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Euroseas reports strong Q4 earnings amidst market challenges and opportunities

Euroseas delivered a robust performance in Q4 2022, driven by strong financial results and strategic initiatives like fleet expansion and asset optimization.
While facing challenges from market dynamics and global uncertainties, the company's proactive approach to debt management and focus on shareholder value creation position it for long-term success.
By navigating market challenges, capitalizing on growth opportunities, and maintaining financial discipline, Euroseas aims to sustain its competitive position and drive value for stakeholders.

Euroseas reports robust Q1 earnings amidst market opportunities and challenges

Euroseas delivered a strong Q1 2023 performance with solid financial results and shareholder returns, reflecting operational excellence and market positioning.
While facing challenges such as operational complexities and legal issues, the company has opportunities to drive growth through strategic initiatives and market trends.
Investors should monitor Euroseas' ability to navigate challenges, capitalize on opportunities, and sustain its financial performance and shareholder value in the dynamic shipping industry.

Euroseas reports strong Q2 earnings, plans fleet expansion and acquisitions

Euroseas delivered robust financial results, declared dividends, and expanded its fleet, showcasing operational strength and strategic growth.
While facing challenges such as debt assumption and arbitration losses, the company's focus on sustainability and shareholder value creation remains strong.
Opportunities lie in building cash reserves, share repurchases, and fleet expansion, positioning Euroseas for future growth and market leadership.
Overall, Euroseas' performance reflects resilience in a dynamic market environment, with a strategic focus on sustainable growth and shareholder returns.

Euroseas reports robust Q3 earnings amidst market challenges and opportunities

Euroseas delivered strong financial performance in Q3 2023, supported by substantial dividends and operational expansions, despite challenges in charter rates and global economic uncertainties.
With a focus on maintaining financial resilience, efficient operations, and shareholder value, Euroseas navigates market headwinds while exploring opportunities for revenue growth and capital appreciation.
The company's strategic approach to balancing dividends, buybacks, and fleet expansion positions it to weather industry challenges and leverage potential opportunities for future growth.

Euroseas (ESEA) posts robust Q4 earnings, eyes growth amid market disruptions

Euroseas (ESEA) reported strong financials, dividend increase, and operational updates in Q4 2023. Despite market challenges, the company's fleet expansion and charter coverage provide a solid foundation for growth. Strategic investments and market insights position Euroseas well for future opportunities.

Euroseas reports strong Q1 earnings, eyes growth amid market trends

Euroseas delivered a strong financial performance in Q1 2024, supported by operational efficiency and robust fleet utilization rates.
While facing challenges from market uncertainties and debt management, the company's strategic strengths lie in dividend consistency, fleet optimization, and growth opportunities.
By leveraging market trends, optimizing its fleet, and maintaining financial discipline, Euroseas is poised to capitalize on opportunities for revenue growth and shareholder value appreciation.

Euroseas excels in Q2 2024 earnings, poised for strategic growth

Euroseas delivered a robust financial performance in Q2 2024, supported by strong revenues, net income, and dividend yield, reflecting a well-managed operation.
The company's fleet profile, forward charter coverage, and capital allocation strategy position it well for growth and value creation in a positive market environment.
While facing challenges such as debt management and market dynamics, Euroseas can capitalize on opportunities through strategic investments and adaptation to industry trends.

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Investors target stocks that are witnessing a bullish run. Some stocks seeing price strength are ESEA, GRIN, GSL, BVH and BDC.

5 Stocks With Recent Price Strength Defying Market Volatility

Euroseas Ltd. (ESEA) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Euroseas Ltd. (ESEA) Is a Great Choice for "Trend" Investors, Here's Why

Initiating coverage on Euroseas, a small, Greece-based owner of feeder containerships and intermediate container carriers. Outlining fleet composition and chartering strategy as well as recent moves to expand the fleet.

Euroseas: Monster Short-Term Charter Contract Provides For Decent Q4 Upside

Euroseas Ltd. (NASDAQ: ESEA) announced a new time charter contract for its container vessel M/V Synergy Oakland.

Euroseas Enters Charter Contract For M/V Synergy Oakland Vessel

ATHENS, Greece, Sept. 08, 2021 (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 container vessel M/V Synergy Oakland. Specifically, M/V Synergy Oakland, a 4,250 TEU vessel built in 2009, entered into a new time charter contract for a period between a minimum of sixty (60) days and a maximum of eighty five (85) days at the option of the charterer, at a gross daily rate of $202,000 or $195,000 depending on where the vessel will be delivered to the charterer. The new rate will commence in the second half of October 2021 when the vessel is redelivered from its current charter.

Euroseas Ltd. Announces a Minimum Two-Month $200,000 per day Charter Contract for M/V Synergy Oakland, a 4,250 teu Container Vessel, built in 2009

Euroseas Ltd. (NASDAQ: ESEA) has agreed to acquire M/V Piraeus Trader, a 1,740 teu container feeder vessel built-in 2006, for $25.5 million.

Euroseas To Acquire M/V Piraeus Trader Vessel For $25.5M

ATHENS, Greece, Sept. 07, 2021 (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 announced today that it has agreed to acquire M/V Piraeus Trader, a 1,740 teu container feeder vessel built in 2006, for $25.5 million. The vessel, which is expected to be delivered to the Company within October 2021 and be renamed M/V Jonathan P, will be financed by own funds and a bank loan. Contemporaneously with the acquisition, the vessel will enter into a three-year time charter contract for about $26,700 per day net to the Company.

Euroseas Ltd. Announces Agreement to Acquire a 1,740 teu Container Vessel, built in 2006 and Agreement to Enter into a Three-year Charter for the Vessel

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Shares of Euroseas (NASDAQ:ESEA) moved higher by 3.3% in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share increased 348.00% year over year to $1.12, which beat the estimate of $0.91.

Recap: Euroseas Q2 Earnings

Euroseas Ltd. (ESEA) delivered earnings and revenue surprises of 27.27% and -3.80%, respectively, for the quarter ended June 2021.

Euroseas Ltd. (ESEA) Q2 Earnings Top Estimates

ATHENS, Greece, Aug. 11, 2021 (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, 2021.

Euroseas Ltd. Reports Results for the Six-Month Period and Quarter Ended June 30, 2021 and Announces Three-year Charter for its Vessel, M/V Diamantis P.

ATHENS, Greece, Aug. 06, 2021 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today that it will release its financial results for the second quarter ended June 30, 2021 on Wednesday, August 11, 2021 after market closes in New York.

Euroseas Ltd. Sets Date for the Release of Second Quarter 2021 Results, Conference Call and Webcast

Euroseas Ltd. (ESEA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

Euroseas Ltd. (ESEA) Earnings Expected to Grow: Should You Buy?

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ATHENS, Greece, June 30, 2021 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that it has signed a contract for the construction of two Eco design fuel efficient containerships. The vessels will have a carrying capacity of about 2,800 teu each and will be built at Hyundai Mipo Dockyard Co. in Korea. The two newbuildings are scheduled to be delivered during the first and second quarter of 2023, respectively. The total consideration for these two newbuilding contracts is about $76 million which will be financed with a combination of debt and equity.

Euroseas Ltd. Signs New Building Agreements for the Acquisition of Two Fuel Efficient 2,800 teu Feeder Containerships

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Euroseas Ltd (ESEA) CEO Aristides Pittas on Q1 2021 Results - Earnings Call Transcript

Euroseas Ltd. (ESEA) delivered earnings and revenue surprises of -22.41% and -9.27%, respectively, for the quarter ended March 2021.

Euroseas Ltd. (ESEA) Misses Q1 Earnings and Revenue Estimates

Shares of Euroseas (NASDAQ:ESEA) moved higher in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 164.71% year over year to $0.45, which beat the estimate of $0.41.

Recap: Euroseas Q1 Earnings

ATHENS, Greece, May 25, 2021 (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-month period ended March 31, 2021.

Euroseas Ltd. Reports Results for the Quarter Ended March 31, 2021

ATHENS, Greece, May 21, 2021 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today that it will release its financial results for the first quarter ended March 31, 2021 on Tuesday, May 25, 2021 after market closes in New York.

Euroseas Ltd. Sets Date for the Release of First Quarter 2021 Results, Conference Call and Webcast

Euroseas Ltd. (ESEA) to Report Q1 Results: Wall Street Expects Earnings Growth

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Euroseas Ltd. (ESEA) witnessed a jump in share price last session on above-average trading volume.

Euroseas Ltd. (ESEA) Moves 7.9% Higher: Will This Strength Last?

ATHENS, Greece, May 06, 2021 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today a new time charter contract for its container vessel M/V “EM Hydra”. Specifically:

News for Euroseas Stock (ESEA)