Eagle Bulk Shipping Inc. (EGLE) Posts Earnings Results, Beats Expectations By $0.01 EPS
Eagle Bulk Shipping Inc. (NASDAQ:EGLE) issued its quarterly earnings data on Monday. The shipping company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01, reports. Eagle Bulk Shipping had a negative return on equity of 15.35% and a negative net margin of 131.02%.
Eagle Bulk Shipping (EGLE) traded up 4.56% during midday trading on Monday, reaching $4.59. The company’s stock had a trading volume of 328,146 shares. The stock’s 50-day moving average price is $4.53 and its 200 day moving average price is $5.18. Eagle Bulk Shipping has a 1-year low of $4.06 and a 1-year high of $12.45.
EGLE has been the subject of a number of analyst reports. BidaskClub cut Eagle Bulk Shipping from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Zacks Investment Research cut Eagle Bulk Shipping from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th.
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Eagle Bulk Shipping Company Profile
Eagle Bulk Shipping Inc is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels.
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