Analysts expect Star Bulk Carriers Corp. (NASDAQ:SBLK) to post ($0.34) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Star Bulk Carriers’ earnings, with the lowest EPS estimate coming in at ($0.40) and the highest estimate coming in at ($0.30). Star Bulk Carriers reported earnings of $0.21 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 261.9%. The firm is expected to report its next quarterly earnings results on Tuesday, August 6th.
According to Zacks, analysts expect that Star Bulk Carriers will report full-year earnings of ($0.49) per share for the current year, with EPS estimates ranging from ($0.67) to ($0.30). For the next financial year, analysts expect that the company will report earnings of $2.18 per share, with EPS estimates ranging from $1.70 to $2.66. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Star Bulk Carriers.
Star Bulk Carriers (NASDAQ:SBLK) last announced its earnings results on Wednesday, May 22nd. The shipping company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.03). The business had revenue of $166.49 million for the quarter, compared to analyst estimates of $154.10 million. Star Bulk Carriers had a return on equity of 4.91% and a net margin of 6.28%.
SBLK has been the subject of several research analyst reports. BidaskClub raised Misonix from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 3rd. Deutsche Bank set a $15.00 price objective on Star Bulk Carriers and gave the company a “buy” rating in a research note on Friday, May 24th. ValuEngine raised Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Finally, Zacks Investment Research downgraded CGI from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Star Bulk Carriers presently has a consensus rating of “Buy” and an average price target of $17.75.
Shares of SBLK stock traded down $0.22 during trading hours on Friday, hitting $10.50. 11,614 shares of the company’s stock were exchanged, compared to its average volume of 473,289. The company has a current ratio of 1.34, a quick ratio of 1.22 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $969.05 million, a price-to-earnings ratio of 9.45 and a beta of 1.87. The business’s 50 day moving average price is $8.93. Star Bulk Carriers has a fifty-two week low of $6.16 and a fifty-two week high of $15.38.
A number of hedge funds and other institutional investors have recently bought and sold shares of SBLK. Marshall Wace North America L.P. purchased a new stake in Star Bulk Carriers in the 1st quarter valued at $47,000. Sippican Capital Advisors grew its holdings in Star Bulk Carriers by 13.2% in the 1st quarter. Sippican Capital Advisors now owns 18,178 shares of the shipping company’s stock valued at $120,000 after buying an additional 2,116 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in Star Bulk Carriers in the 4th quarter valued at $123,000. Citigroup Inc. grew its holdings in Star Bulk Carriers by 13.0% in the 4th quarter. Citigroup Inc. now owns 14,890 shares of the shipping company’s stock valued at $136,000 after buying an additional 1,709 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in Star Bulk Carriers in the 4th quarter valued at $301,000. 56.65% of the stock is owned by hedge funds and other institutional investors.
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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