Analysts at Deutsche Bank Securities reiterate their HOLD rating on the shares of Euroseas Ltd (NASDAQ: ESEA). The 12-month target price is set to $4.00.
In a research note published yesterday, the analysts mention that Euroseas has reported Q3 EPS of $0.05 in line with the estimates and the consensus. The adjusted EPS discounts unrealized derivative and trading securities losses of $1.0 million, but it includes realized interest rate swap losses of $0.2 million, the analysts say. The analysts express their apprehension on Euroseas’ aging fleet and container sector exposure despite the healthy balance sheet and solid dry bulk coverage.
Read More : Deutsche Bank Securities Reiterates its HOLD Rating on Euroseas
In a research note published yesterday, the analysts mention that Euroseas has reported Q3 EPS of $0.05 in line with the estimates and the consensus. The adjusted EPS discounts unrealized derivative and trading securities losses of $1.0 million, but it includes realized interest rate swap losses of $0.2 million, the analysts say. The analysts express their apprehension on Euroseas’ aging fleet and container sector exposure despite the healthy balance sheet and solid dry bulk coverage.
Read More : Deutsche Bank Securities Reiterates its HOLD Rating on Euroseas
