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Highlights
- The widely reported figure for earnings per share stands at 0.22, with revenue of 49.53 million
- Recent quarterly earnings reached 0.41 per share, surpassing earlier public estimates
- A quarterly dividend of 0.35 per share has been announced, giving a yield of 6.46 percent
Okeanis Eco Tankers (NYSE:ECO) operates within the oil tanker sector, focusing on the transportation of crude oil. The upcoming earnings release on March 6 is drawing attention, with many referencing a figure of 0.22 for earnings per share and revenue of 49.53 million. This update is expected to offer further details on how the company has been navigating market developments, especially in light of rising interest in the energy shipping field.
Previous Quarter
The most recent quarterly results for Okeanis Eco Tankers showed earnings per share of 0.41, surpassing earlier widely circulated figures by a notable margin. Revenue for that period reached 85.19 million. A return on equity of 25.40 percent was recorded, accompanied by a net margin of 27.68 percent. These results reflected sustained operations and effective cost management.
Stock Movement
Shares opened trading near the 21 mark in the latest session, representing a slight uptick compared to previous levels. The company’s current ratio stands above 1.6, while its quick ratio remains above 1.3, signaling that short-term obligations can be handled with available resources. The debt-to-equity figure is above 1.4, showing that borrowing plays a role in supporting overall operations. The market capitalization hovers around the 700 million mark, and the price-to-earnings figure is at a single-digit level. Over the past year, the stock has fluctuated between the upper teens and mid-30s.
Dividend Details
A quarterly dividend of 0.35 per share is set for distribution on March 17 to shareholders on record by March 3. This payment translates into an annualized figure of 1.40 per share, providing a yield around 6.46 percent. The dividend payout ratio is noted to be more than 40 percent, reflecting a balance between rewarding shareholders and retaining capital. Such distributions are part of the company’s ongoing approach to sharing profits while managing future requirements.
Company Profile
Formed in 2018 and based in Greece, Okeanis Eco Tankers concentrates on owning and operating tanker vessels for global crude oil transport. Its fleet consists of more than ten tankers, including several Suezmax and VLCC models. The company has built a presence in key shipping routes, aiming to accommodate the continuous flow of oil across international markets. By deploying modern vessels equipped with features designed to meet evolving regulations, Okeanis Eco Tankers has positioned itself among operators emphasizing fuel efficiency and compliance with environmental standards.
