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Euroseas Ltd. (ESEA)

- NASDAQ
  • Wed, Aug. 12, 9:51 AM
    • The Baltic Dry Index fell 5.9% to 1093 in a reaction to developments in China. The BDI was off almost 3% yesterday.
    • The downward swing was driven by a 15% decline in Capesize shipping rates.
    • Notable movers: Dry Ships (DRYS -2.4%), FreeSeas (FREE -11.6%), Diana Containership (DCIX -5.4%), Genco Shipping & Trading (GNK -0.7%), Star Bulk Carriers (SBLK -1.8%), Navious Maritime Holdings (NM -1.7%), Safe Bulkers (SB -3.9%), Euroseas (ESEA -2.9%).
    | Wed, Aug. 12, 9:51 AM | 34 Comments
  • Tue, Aug. 11, 6:02 PM
    • Euroseas (NASDAQ:ESEA): Q2 EPS of -$0.65 beats by $0.15.
    • Revenue of $9.4M (-2.5% Y/Y) misses by $0.4M.
    • Press Release
    | Tue, Aug. 11, 6:02 PM | Comment!
  • Wed, May 20, 4:08 PM
    • Euroseas (NASDAQ:ESEA): EPS of -$0.10 misses by $0.04.
    • Revenue of $8.18M (-13.8% Y/Y) misses by $2.22M.
    • Press Release
    | Wed, May 20, 4:08 PM | Comment!
  • Sat, May 9, 11:27 AM
    • The broadly-defined shipping sector continues to be volatile over the impact of oil price fluctuations and concerns over carrier/tanker supply along with charter rates.
    • The Baltic Dry Index stands at 574 vs. a 52-week trading range of 509 to 1,484.
    • The Guggenheim Shipping ETF (NYSEARCA:SEA) is down 9.4% over the last 52 weeks, although it trades with smoother peaks and troughs than the underlying stocks in the fund.
    • Analysts are convinced that some value picks exist in the sector, although consensus is tricky to find. A few rough screens are listed below (add your own in the comments).
    • Best YTD performance: Navios Maritime (NYSE:NAP) +37%, Scorpio Bulkers (NYSE:SALT) +35%, Tsakos Energy (NYSE:TNP) +31%, Golar LNG (NASDAQ:GLNG) +28%.
    • Lowest price-to book value: DryShips (NASDAQ:DRYS) 0.14,  Safe Bulkers (NASDAQ:SBLK) 0.32, Scorpio Bulkers 0.33, Navios Maritime Holdings (NYSE:NM) 0.34, GasLog (NYSE:GLOG) 0.39.
    • Lowest forward P/E ratio: Danaos (NYSE:DAC) 4.43, Tsakos Energy 7.15, Navios Maritime Acquisition (NYSE:NNA) 7.25, Dorian (NYSE:LPG) 7.43, Dry Ships 7.57.
    • Dividend yield: Navios Maritime Partners (NYSE:NMM) 15.2%, Capital Product Partners (NASDAQ:CPLP) 10.8%, Ship Finance International (NYSE:SFL) 10.8%, Teekay Offshore Partners (NYSE:TOO) 9.7%, Dynagas LNG Partners (NYSE:DLNG) 8.8%.
    • Other shipping stocks: PRGN, FRO, NAT, OSK, TNK, FREE, ESEA, TOPS, DSX, SHIP, NM.
    | Sat, May 9, 11:27 AM | 43 Comments
  • Fri, Feb. 13, 9:09 AM
    • Euroseas (NASDAQ:ESEA): Q4 EPS of -$0.07 misses by $0.01.
    • Revenue of $11.55M (+19.4% Y/Y) beats by $0.45M.
    • Press Release
    | Fri, Feb. 13, 9:09 AM | Comment!
  • Fri, Jan. 30, 2:58 PM
    • The Baltic Dry Index falls another 3.8% and is now trading at its lowest levels since the 1980s, even as traded volumes of many commodities are reaching record levels.
    • The dry-bulk market has been sunk by a perfect storm as new ships ordered after the financial crisis have hit the seas just as Chinese economic growth has slowed and commodity prices have turned lower.
    • Earnings for a capesize vessel typically used to transport coal and iron ore have fallen to $6,707/day today, down ~50% Y/Y and hardly enough to cover daily operating expenses of $6K-$10K.
    • As one analyst says, some of the share prices are starting to reflect almost a state of bankruptcy: Shares of Scorpio Bulkers (NYSE:SALT), for one, have plunged 85% in the past year, and Star Bulk Carriers (NASDAQ:SBLK) has shed 67% in the same period.
    • Related tickers: FREE, EGLE, SB, DRYS, NM, SHIP, ESEA, PRGN, DCIX, GSL, NMM, DSX, DAC, KEX, ULTR, BALT, SINO.
    | Fri, Jan. 30, 2:58 PM | 21 Comments
  • Nov. 10, 2014, 4:49 PM
    • Euroseas (NASDAQ:ESEA): Q3 EPS of -$0.07 in-line.
    • Revenue of $9.95M (+10.6% Y/Y) beats by $0.05M.
    • Press Release
    | Nov. 10, 2014, 4:49 PM | Comment!
  • Sep. 25, 2014, 9:17 AM
    | Sep. 25, 2014, 9:17 AM | Comment!
  • Aug. 7, 2014, 6:24 PM
    • Euroseas Ltd. (NASDAQ:ESEA): Q2 EPS of -$0.09.
    • Revenue of $9.63M (+0.6% Y/Y).
    • Press Release
    | Aug. 7, 2014, 6:24 PM | Comment!
  • May 20, 2014, 4:44 PM
    • Euroseas (ESEA): Q1 EPS of -$0.05 beats by $0.04.
    • Revenue of $9.49M (-12.5% Y/Y) beats by $0.49M.
    • Press Release
    | May 20, 2014, 4:44 PM | Comment!
  • Apr. 21, 2014, 12:23 PM
    | Apr. 21, 2014, 12:23 PM | 4 Comments
  • Mar. 4, 2014, 11:11 AM
    • Select shipping stocks are showing strength today with developments in the Ukraine just a small part of the story.
    • Issues of demand and shipping rates in the industry have been in focus, while the reactions of shorts is still an underlying factor.
    • Advancers: Eagle Bulk Shippers (EGLE) +9.5%, Diana Shipping (DSX) +3.5%, FreeSeas (FREE) +3.4%, Navios Maritime Holdings (NM) +3.6%, Euroseas (ESEA) +4.6%, Baltic Trading (BALT) +3.8%, Paragon Shipping (PRGN) +2.2%.
    • The Baltic Dry Index is up 1.5% on the day.
    | Mar. 4, 2014, 11:11 AM | Comment!
  • Feb. 20, 2014, 5:28 PM
    • Euroseas Ltd. (ESEA): Q4 EPS of -$0.17 misses by $0.08.
    • Revenue of $9.7M (-21.8% Y/Y) misses by $0.1M.
    • Press Release
    | Feb. 20, 2014, 5:28 PM | Comment!
  • Jan. 23, 2014, 9:41 AM
    • Shipping rates fell again overnight, and the Baltic Dry Index is now -44% YTD.
    • Overnight, capesize shipping rates declined 19.6% (or -$1,4620 to $11,128/day), panamax rates slipped 4% (or -$219) to $11,710/day, while supramax rates fell 1.8% (or -$94) to $11,721/day.
    • YTD, capesize rates -71.5%, panamax rates -20%, supramax rates -23%.
    • On watch: DRYS, GNK, PRGN, DSX, FREE, ULTR, EGLE, NM, NMM, SBLK, KEX, SB, SINO, BALT, ESEA, DCIX, TEU, DAC, SHIP, SSW, GSL.
    | Jan. 23, 2014, 9:41 AM | 10 Comments
  • Jan. 15, 2014, 10:35 AM
    • Shippers are on the move after dry bulk shipping rates finally show their first gain of the year.
    • The Baltic Dry Index shows a four-point increase due to gains in capesize rates, which rose $280 to $13,168/day, while panamax rates fell $54 to $12,534 and supramax rates fell $65 to $12,364/day.
    • Before today's gains, the BDI had plunged 40% YTD in its worst start of the year in 30 years.
    • FREE +7.4%, EGLE +7.3%, GNK +5.5%, SB +4.3%, DRYS +4.1%, NM +3.4%, SBLK +2.8%, SHIP +2.5%, ESEA +2.3%, PRGN +2.1%, DCIX +2%, GSL +1.9%, NMM +1.3%, DSX +1.3%, DAC +1.1%, KEX +0.8%, ULTR +0.3%, BALT -1%, SINO -0.8%.
    | Jan. 15, 2014, 10:35 AM | 5 Comments
  • Nov. 12, 2013, 9:29 AM
    • Euroseas (ESEA): Q3 EPS of -$0.11. (PR)
    | Nov. 12, 2013, 9:29 AM | Comment!
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Company Description
Euroseas Ltd provides ocean-going transportation services. It owns and operatescontainerships that transport dry and refrigerated containerized cargoes, mainly including manufactured products and perishables.
Sector: Services
Industry: Shipping
Country: United States