Euroseas Ltd (ESEA) 銘柄情報

ESEA new 52 week high

ESEA confirmed !!!

The earning of ESEA are really good, a lot more than previous year.
The stakeholders equity went up with 25% and will double of that this year !
The current per share stakeholders equity is $15 with $54 million cashflow

Container sector is so hot that ships rent for $200,000/day


Euroseas (NASDAQ: ESEA) confirmed this week that it chartered its 2009-built, 4,250-twenty-foot equivalent unit container ship Synergy Oakland for 60-85 days at a gross rate of $195,000-$202,000 per day starting in the second half of October.

https://www.hellenicshippingnews.com/container-sector-is-so-hot-that-ships-rent-for-200000-day/

So Q1 + Q2 2021 total of $1.57 EPS
https://seekingalpha.com/symbol/ESEA/earnings

This means with a P/E of 30 this should give a stock price around $47 AND this just based on earnings of a half year 2021 !
So if I only "double" the earnings, the stock should be $94 :-O Even with a P/E of only 25 it gives a stock price of $78 and current price is $21 :-O

The next quarters will be giving a much higher EPS than the actual 2 first quarters..

These very profitable quarters didn't happen since at least 10 years for this company. So imagine soon when this stock will get noticed by many fundamental analyzers.. and technical it is still in uptrend !

Euroseas EPS beats by $0.22, misses on revenue

https://seekingalpha.com/news/3729108-euroseas-eps-beats-0_21-misses-on-revenue

The EPS is much higher than estimated !!

Q2 2021 Results after the market today ! ( 11 august 2021 after market close )

Each quarter will be better and better, all this because of much higher prices of contracts !

Have a look at the earnings :
https://seekingalpha.com/symbol/ESEA/earnings

Look at the annual estimates, this company will be more and more profitable.. This stock is going to soar, if you take a P/E of 20 only ( normally it is around 30 ) this means a price of $90 or more based on year 2021, the year after it will double almost ( don't forget stock prices are based on future earnings )

ESEA super cheap... buy recommandation.

Look their latest earnings :
https://www.investing.com/equities/euroseas-ltd-earnings

The next quarter ( Q2 ) will be higher too, and the quarters after too because the much higher contracts till 2022 !!
Look at Q3 estimates !! It will be easily $4 per share in earnings with a P/E of "only" 30 this means the stock will be $120 :O ( not even most optimistic ones !!)

More container ships score ‘astronomical’ $100,000/day rates

More excellent news for Euroseas !!

https://www.hellenicshippingnews.com/more-container-ships-score-astronomical-100000-day-rates/

Proven again... with the results going down ( sell on news ) but after it goes back up, we are at highest price of the year now !!

Which is normal, the 1st quarter was almost the same EPS for the whole year 2020 !! This year it is even to grow more, the company has higher prices for their cargos..

EPS 2021 between $3 and $5, with P/E of around 30, meaning it could go between $90 and $150 ! Wooow amazing...

If you don't believe me do check yourself

Here overview of last 4 years - look all the numbers going all the same way !
https://www.otcmarkets.com/stock/ESEA/financials

Crazy that nowadays on earnings results people sell the stock ( here also the case ) even when the EPS AND revenue are so high and good.

Probably the fault of those putting high "estimates"...
But anyway the stock will keep moving higher, that is already proven many times after the earnings releases... enjoy the bargain for as long as it lasts

Forecast of Zacks for ESEA :

Q1 Q2 F1
Current 0.58 0.97 4.49

EPS : $4.49 with PE of 30 is around $120 for stock price, now it is $15 :O

Earnings are out !!! Really good numbers :

Revenue : $ 14,31M
=> highest revenue since earnings announcement 27 march 2020 => Q1 20202 !!

EPS : $ 0,53
=> triple of the result of 27 march 2020 ( Q1 2020 ) => higher than more than 8 years, yes 8 years !

The agreements are already renewed with higher value per contract.
So if 0,53 for each quarter ( like Q1 2021 ),
this means around $2 EPS for 2021 with P/E of 30 => stock price will be $60 and this is the lowest price, because normally the EPS will go up gradually easily to $2,5 so $75 for stock price, and of course the stock price always base itself on "future" earnings...

This company is back on track after soooo many years going not soo good at all !! Excellent news !!

All be ready for some action...

The earnings are coming out very soon, the latest next week.
The earnings of Q1 2021, it will be very positive EPS !!
The company had renewed their contracts for much higher price, multiple once. This means the company will probably have $2 per share of earnings, so much more potential to the upside ( this is low estimation, normally should go up each quarter to $2,5 ! )

Excellent news about future earnings - Zacks


Euroseas Ltd. consolidates the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 136 years. Euroseas operates in the dry cargo, dry bulk and container shipping markets. Its management and operations are carried out by Eurobulk Ltd. The company employs its vessels on spot and period charters and through pool arrangements.

This year, the company is expected to grow revenue and earnings by 46.5% and 674.1%, respectively. The Zacks Consensus Estimate for the year jumped 93 cents (26.1%) in the last 30 days.

https://www.hellenicshippingnews.com/zacks-eagle-bulk-shipping-euroseas-genco-shipping-trading-navios-maritime-partners-and-orient-overseas/

The earning of ESEA is coming out very soon..
It will be very positive earnings with all better contracts the company got ! A little boom to the upside is for sure, to $28-30 after no idea....

The positive news of the last month gives an excellent support to the stock ESEA !!

Yesterday it started its move up again => +7,74%
And there is more to come, the earnings result will be much better but the next earnings even better, the stock is going to go up again, higher than the previous time, the earnings are out in good 3 weeks.

This stock will easily go up till $28-30 thanks to the better deals for next quarters !

The opening will be up again.. let's see how high this will go !
The float isn't big for sure, this company is profitable now, so better times ahead !

Indeed this will give a little squeeze up monday ! ( Very little short interests )...

More than 27% up friday ! I hope people realize what this huge contract means, the company said an "annualized" EBITDA contribution of ~$11.5M which is about $9.0m higher than their present contribution of about $2.5m

With so little number of shares !

2 MILLION TRADING FLOAT > ESEA

Euroseas Ltd. Announces New Charters For Two Of Its Vessels, M/V 'Synergy Busan' And M/V 'EM Kea'; New Charters Secure Minimum Of $40M In Revenue
8:41 am ET March 17, 2021 (Benzinga) Print


ATHENS, Greece, March 17, 2021 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ:ESEA, the &ldquo, Company&rdquo, or &ldquo, Euroseas&rdquo, )), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today the extension of the charter of its container vessels M/V “EM Kea” and a new time charter contract for its container vessel M/V “Synergy Busan”. Specifically:

The charter of M/V “EM Kea”, a 3,091 TEU vessel built in 2007, was extended for a period between a minimum of twenty-five and a maximum of twenty-eight months at the option of the charterer, at a daily rate of $22,000. The new rate will commence on April 25, 2021 about 2 months earlier than the latest expiration of the present charter.
M/V “Synergy Busan”, a 4,253 TEU vessel built in 2009, entered into a new time charter contract for a period of between a minimum of thirty-six and a maximum of forty months at the option of the charterer, at a daily rate of $25,000. The new rate will commence between June 9, 2021 and August 9, 2021 when the vessel will be redelivered from its current charterer.
Aristides Pittas, Chairman and CEO of Euroseas, commented: “We are very pleased to announce new charters for two of our vessels for periods of at least two and three years, respectively, at rates more than twice the levels of their existing employment. The new charters secure a minimum of $40m of contracted revenues and make an annualized EBITDA contribution of approximately $11.5m which is about $9.0m higher than, or 4.5 times, their present contribution of about $2.5m, significantly improving our profitability and cash flow visibility.

“Undoubtedly, the containership markets have had a remarkable run over the last six months with all factors in the marketplace suggesting continuing strength. After these two charters, seven of our fourteen vessels would be earning higher rates reflective of the recent market recovery. If the present market levels continue, renewals of the five remaining charters with legacy rates expiring in 2021 should result in significant further increase in our profitability. The cash flow generated would be available to further strengthen our balance sheet, be used for further investment or for reinstitution of dividends or a combination thereof, as always, at the discretion of our Board or Directors.”

That is a fabulous $40M contract. > 2 million trading float!

This company is growing bigger and bigger...

With only 6,1 millions of shares !!!
And with a float even less...

Excellent news for this company !!!

I quote :
“The new charters secure a minimum of $40M of contracted revenues and make an annualized EBITDA contribution of ~$11.5M which is about $9.0m higher than, or 4.5 times, their present contribution of about $2.5m, significantly improving our profitability and cash flow visibility,” commented Aristides Pittas, CEO.

Euroseas announces new charters for its vessels, m/v Synergy Busan and M/V EM Kea :
https://seekingalpha.com/news/3673570-euroseas-announces-new-charters-for-its-vessels-mv-synergy-busan-and-mv-em-kea

Our fleet benefitted from the market increase as four of our vessels renewed their charters at rates more than double their previous levels and are set to make significant contributions to our earnings. We remain very optimistic for the medium term prospects of the market due to the relatively low orderbook, the expected rebound of the containerized trade, especially, if the COVID-19 pandemic comes under control and the expanding regulatory and environmental requirements that effectively increase the need for more vessel capacity. If, as result of the above trends, the charter rates remain near their current levels for the next four to five months, we should be able to renew the charters of almost all of our vessels at similarly higher rates than they currently earn further contributing to our profitability.

https://seekingalpha.com/pr/18206747-euroseas-ltd-reports-results-for-year-and-quarter-ended-december-31-2020

Better than expected revenue AND EPS !!

EPS : 0.07 ( forecast 0.04 )
Revenue :12.03M ( forecast 11.35 )

Excellent news... even better for the short and long future !!

Tomorrow ESEA will publish their earnings results.
This will be good, maybe even very good.

We could easily go to $15 or more..
It will be profitable, so a turn around ( COVID-19 still busy, but going to the end ! ), this means even more upside potential !

shippers back in play


ESEA

Looking good here again

Nice move

Adding $3.65

$ESEA

* * $ESEA Video Chart 05-27-2020 * *

Link to Video - click here to watch the technical chart video

4.20= wow https://ih.advfn.com/stock-market/NASDAQ/euroseas-ESEA/stock-news/82541696/euroseas-ltd-reports-results-for-the-quarter-ende

wow nice recovery from 2.52 low today


very little volume

And just dropping hard pm

Hi there

I am out here long time... was just a quick flip with a lil loss

ESEA 3.39x3.60 up from yesterdays 3.05

your thoughts?

Got 4,06 average

Stupid CEO and Board. R/S never works. You are such an idiot.

Carl Icahn took stake

I'm not a big fan of R/S. I hope it works out though.

News: $ESEA Euroseas Ltd. Announces Completion of Reverse Stock Split

MAROUSSI, ATHENS, Greece, Dec. 19, 2019 (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 that...

In case you are interested ESEA - Euroseas Ltd. Announces Completion of Reverse Stock Split

ESEA doubled the daily rate of "Akinada Bridge" in compare to the 2Q19 report. That is a huge news.

"M/V “Akinada Bridge”, with capacity of about 5,600 teu and built in 2001, has entered into a charter contract of minimum duration of ten months and maximum duration of thirteen months at a daily rate of $16,500"

When i add all 14 feeder container ships with a double daily rate than can reach ESEA over 90 Mill $ in revenue in 2020 ( only 5 % growth anticipated in 2020). With only operating expenses of 7 Mill $ ESEA could reach over 10 Mill $ in profit.

http://www.harperpetersen.com/harpex/harpexRH.do?timePeriod=Years10&&dataType=Harpex&floatLeft=None&floatRight=None

HARPEX looks great!

I think that India and Africa will outperform in the next 5 years totally. China will grow with 5% with US protection.

News: $ESEA Euroseas Ltd. Announces Charter for its Intermediate-size Container Vessel, M/V Akinada Bridge

MAROUSSI, ATHENS, Greece, Sept. 30, 2019 (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 conta...

Find out more ESEA - Euroseas Ltd. Announces Charter for its Intermediate-size Container Vessel, M/V Akinada Bridge

These seasonal shipping companies are about to make their annual migration. I’m in early to capitalize on profits before the action starts. Get in before your chasing. Why fight for 20% when you can sit back and relax and make hundreds

ESEA should be with his 15 feeder container ships one big winner in the shipping industry.
ESEA will be a huge cash cow with rising prices, they are right now profitable and can reach over 10 Mill EBITDA in 2019.

In 2020 ESEA can reach with a expanding fleet + rising prices 10 Mill $ in profit easily.
Also is the ASEAN, INDIA, Pacific Region ... growing and the shipping industry is not priced fairly.

The Market Cap is undervalued strongly after the first half of the year 2019 + a strong balance sheet + 15 container ships!

Hello everyone, I missed the bus on last years shippers. Not this year. There is an obvious pump coming in a few weeks and I think this suckers gonna run similar to last year. . You can get in now for max gain potential or you can wait and miss out. I’ve loaded early to get ahead of the gold rush. Do your own research and see what you think. I think snoozers will be lookers.

News: $ESEA Euroseas Ltd. Announces Three Transformative Transactions Reducing its Cost of Capital and Significantly Expanding its Fleet: Refinancing of Two Vessels, Partial Redemption of the Majority of its Preferred Shares and Acquisition of Four Vessels

MAROUSSI, ATHENS, Greece, June 03, 2019 (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, today announced its entry ...

Got this from https://marketwirenews.com/news-releases/euroseas-ltd-announces-three-transformative-transactions-reducing-its-cost-of-capital-and-significantly-expanding-its-fleet-refinancing-of-two-vessels-partial-redemption-of-the-majority-of-its-preferred-shares-and-acquisition-of-four-vessel-8289292.html

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Huge gain today. Back to 1.75 by Spring. First quarter of 2019 the company will report profits again.

* * $ESEA Video Chart 11-13-18 * *

Link to Video - click here to watch the technical chart video

ESEA Earnings will beat street by a lot imo.