Okeanis Eco Tankers (ECO) to Release Earnings on Thursday

Okeanis Eco Tankers (NYSE:ECO) is anticipated to release its earnings data after the market closes on Thursday, March 6th. Analysts expect Okeanis Eco Tankers to post earnings of $0.22 per share and revenue of $49.53 million for the quarter.

Okeanis Eco Tankers (NYSE:ECO) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.19. The company had revenue of $85.19 million during the quarter, compared to the consensus estimate of $82.46 million. Okeanis Eco Tankers had a return on equity of 25.40% and a net margin of 27.68%.

Okeanis Eco Tankers Stock Performance

NYSE:ECO opened at $20.97 on Wednesday. The company has a market capitalization of $675.04 million and a PE ratio of 6.20. The company has a 50 day simple moving average of $22.99 and a two-hundred day simple moving average of $26.11. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.34 and a current ratio of 1.64. Okeanis Eco Tankers has a fifty-two week low of $18.79 and a fifty-two week high of $36.69.

Okeanis Eco Tankers Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date is Monday, March 3rd. Okeanis Eco Tankers’s payout ratio is 41.42%.

Wall Street Analysts Forecast Growth

Separately, B. Riley cut their price target on Okeanis Eco Tankers from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.