FY2025 EPS Estimates for Okeanis Eco Tankers Cut by B. Riley

Okeanis Eco Tankers Corp. (NYSE:ECO) – Stock analysts at B. Riley reduced their FY2025 earnings per share (EPS) estimates for Okeanis Eco Tankers in a report issued on Wednesday, January 15th. B. Riley analyst L. Burke now anticipates that the company will post earnings of $1.34 per share for the year, down from their prior forecast of $3.10. B. Riley currently has a “Buy” rating and a $40.00 price objective on the stock. The consensus estimate for Okeanis Eco Tankers’ current full-year earnings is $3.19 per share.

Okeanis Eco Tankers (NYSE:ECO) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.09 by $0.36. Okeanis Eco Tankers had a return on equity of 27.19% and a net margin of 29.25%. The company had revenue of $84.93 million for the quarter, compared to the consensus estimate of $74.61 million.

Okeanis Eco Tankers Price Performance

Shares of NYSE:ECO opened at $23.88 on Friday. Okeanis Eco Tankers has a twelve month low of $18.79 and a twelve month high of $36.69. The company has a quick ratio of 1.34, a current ratio of 1.69 and a debt-to-equity ratio of 1.48. The company has a market cap of $768.70 million and a price-to-earnings ratio of 6.58. The business has a 50 day moving average price of $22.02 and a 200 day moving average price of $27.91.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in Okeanis Eco Tankers during the third quarter worth about $206,000. Marshall Wace LLP bought a new stake in shares of Okeanis Eco Tankers in the 2nd quarter worth approximately $247,000. BBR Partners LLC acquired a new stake in shares of Okeanis Eco Tankers during the 3rd quarter worth approximately $326,000. Acadian Asset Management LLC acquired a new stake in shares of Okeanis Eco Tankers during the 2nd quarter worth approximately $370,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Okeanis Eco Tankers during the third quarter valued at approximately $383,000.

Okeanis Eco Tankers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.80 annualized dividend and a dividend yield of 7.54%. Okeanis Eco Tankers’s payout ratio is 48.48%.

Okeanis Eco Tankers Company Profile

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.