Euronav NV (NYSE:EURN) is reporting third quarter earnings results on Thursday 5th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.24 per share.
For the full year, analysts predict revenues of $ 1222.78 million, while looking forward to income of $ 2.36 per share.
Previous Quarter Performance
Euronav NV posted income for the second quarter of $ 1.21 per share, from the revenue of $ 416.67 million. The quarterly revenues escalated 146.04 percent compared with the same quarter last year. According to street consensus, EURN was expected to report 2Q20 income of $ 1.16 per share from revenue of $ 391.40 million. The bottom line results beat street analysts by $ 0.05 or 4.31 percent, at the same time, top line results outshined analysts by $ 25.27 million or 6.46 percent.
Stock Performance
Shares of Euronav NV traded low $ -0.11 or -1.46 percent on Wednesday, reaching $ 7.41 with volume of 1.30 million shares. Euronav NV has traded high as $ 7.51 and has cracked $ 7.32 on the downward trend
The closing price of $ 7.41, representing a 4.30 % increase from the 52 week low of $ 7.21 and a 43.07 % decrease over the 52 week high of $ 13.21.
The company has a market capital of $ 1.51 billion and is part of the Industrials sector and Integrated Shipping & Logistics industry.
Recent Stock Dividend Announcement
On August 6, 2020, the board of directors authorized quarterly dividend of $ 0.47 per share to holders of record as of the close of business on August 19, 2020, with payment date of August 28, 2020 and ex-dividend date on August 18, 2020.
Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of March 18, 2019, it owned and managed a fleet of 72 vessels, including 43 very large crude carriers, 2 V-Plus vessels, 2 FSO vessels, and 25 Suezmax vessels, as well as 2 floating, storage, and offloading vessels.
