Euronav (NYSE:CMBT) Posts Earnings Results, Misses Estimates By $0.15 EPS

Euronav (NYSE:CMBT) posted its quarterly earnings results on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.15), Zacks reports. Euronav had a return on equity of 22.29% and a net margin of 117.02%.

Euronav Stock Performance

Shares of CMBT stock traded down $0.13 during trading hours on Thursday, reaching $9.49. 44,655 shares of the company’s stock were exchanged, compared to its average volume of 78,472. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.29 and a quick ratio of 1.22. The company’s 50 day moving average is $10.50 and its two-hundred day moving average is $13.05. The company has a market cap of $1.84 billion, a P/E ratio of 1.59 and a beta of -0.12. Euronav has a 1 year low of $8.59 and a 1 year high of $21.26.

About Euronav

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.