Star Bulk Carriers (NASDAQ:SBLK) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 26th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Star Bulk Carriers (NASDAQ:SBLK) last announced its earnings results on Wednesday, February 19th. The shipping company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.11. Star Bulk Carriers had a negative net margin of 1.97% and a positive return on equity of 1.50%. The business had revenue of $248.64 million during the quarter, compared to the consensus estimate of $253.49 million. On average, analysts expect Star Bulk Carriers to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NASDAQ SBLK opened at $5.09 on Friday. Star Bulk Carriers has a fifty-two week low of $3.86 and a fifty-two week high of $12.09. The company has a 50 day simple moving average of $5.25 and a two-hundred day simple moving average of $8.38. The company has a market capitalization of $499.59 million, a price-to-earnings ratio of -25.45 and a beta of 1.25. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.69 and a current ratio of 0.86.
SBLK has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Star Bulk Carriers from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 26th. Pareto Securities raised shares of Star Bulk Carriers to a “buy” rating and set a $9.00 target price for the company in a research note on Tuesday, April 14th. DNB Markets downgraded shares of Star Bulk Carriers from a “buy” rating to a “hold” rating and set a $10.40 target price for the company. in a research note on Monday, March 9th. Fearnley Fonds raised shares of Star Bulk Carriers from a “hold” rating to a “buy” rating in a research note on Thursday, February 20th. Finally, BidaskClub raised shares of Star Bulk Carriers from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Star Bulk Carriers currently has an average rating of “Hold” and a consensus price target of $10.88.
Star Bulk Carriers Company Profile
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of April 10, 2019, the company had a fleet of 109 vessels with an aggregate capacity of approximately 12.45 million deadweight ton, including 17 Newcastlemax, 19 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 17 Ultramax, and 10 Supramax vessels.
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