Star Bulk Carriers (NASDAQ:SBLK) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, February 20th. Analysts expect Star Bulk Carriers to post earnings of $0.10 per share for the quarter.
Star Bulk Carriers (NASDAQ:SBLK) last announced its earnings results on Sunday, November 19th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.08). The business had revenue of $80.80 million during the quarter, compared to analysts’ expectations of $81.23 million. Star Bulk Carriers had a negative net margin of 23.09% and a negative return on equity of 4.04%. On average, analysts expect Star Bulk Carriers to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Star Bulk Carriers (NASDAQ SBLK) opened at $11.19 on Tuesday. The stock has a market cap of $693.49, a PE ratio of -9.99 and a beta of 2.61. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.90. Star Bulk Carriers has a 1 year low of $7.57 and a 1 year high of $13.40.
An institutional investor recently bought a new position in Star Bulk Carriers stock. State Street Corp bought a new position in shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 17,874 shares of the shipping company’s stock, valued at approximately $176,000. Institutional investors own 70.88% of the company’s stock.
About Star Bulk Carriers
Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. As of December 31, 2016, the Company’s fleet included 73 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 52,055 and 209,537 deadweight tonnage (dwt).
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