Star Bulk Carriers (NASDAQ:SBLK) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 22nd. Analysts expect Star Bulk Carriers to post earnings of ($0.08) per share for the quarter.
Star Bulk Carriers (NASDAQ:SBLK) last posted its quarterly earnings results on Monday, February 11th. The shipping company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. Star Bulk Carriers had a return on equity of 6.85% and a net margin of 9.05%. The company had revenue of $209.43 million during the quarter, compared to analysts’ expectations of $186.95 million. On average, analysts expect Star Bulk Carriers to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Star Bulk Carriers stock opened at $8.17 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.34 and a debt-to-equity ratio of 0.84. Star Bulk Carriers has a 52 week low of $6.16 and a 52 week high of $15.38. The firm has a market cap of $756.74 million, a PE ratio of 7.36 and a beta of 1.75.
A number of brokerages have issued reports on SBLK. BidaskClub raised Star Bulk Carriers from a “hold” rating to a “buy” rating in a report on Saturday, May 4th. Morgan Stanley cut Star Bulk Carriers from an “overweight” rating to an “equal weight” rating in a report on Friday, February 15th. Finally, Zacks Investment Research raised Star Bulk Carriers from a “strong sell” rating to a “hold” rating in a report on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.00.
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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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