Eagle Bulk Shipping (EGLE) Stock Price, News & Analysis

Company Overview

Eagle Bulk Shipping Inc. engages in the ocean transportation of dry bulk cargoes worldwide. The company owns, charters, and operates dry bulk vessels that transport a range of bulk cargoes, including iron ore, coal, grains, fertilizers, steel products, petcoke, and cement. It serves miners, producers, traders, and end users. As of December 31, 2023, the company owned and operated a fleet of 52 vessels. Eagle Bulk Shipping Inc. was incorporated in 2005 and is headquartered in Stamford, Connecticut.

Key Stats

• Today's Range: $62.60 to $62.60
• 50-Day Range: $61.60 to $64.56
• 52-Week Range: $39.15 to $65.09
• Volume: N/A
• Average Volume: 217,824 shs
• Market Capitalization: $692.98 million
• P/E Ratio: 40.92
• Dividend Yield: 3.83%
• Price Target: $57.83
• Consensus Rating: Hold

Eagle Bulk Shipping Stock Analysis - MarketRank™

Eagle Bulk Shipping scored higher than 37% of companies evaluated by MarketBeat, and ranked 100th out of 130 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Eagle Bulk Shipping has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 5 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Eagle Bulk Shipping has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 36.21%

Earnings Growth

Earnings for Eagle Bulk Shipping are expected to grow by 36.21% in the coming year, from $4.86 to $6.62 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Eagle Bulk Shipping is 40.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.04.

Price to Earnings Ratio vs. Sector

The P/E ratio of Eagle Bulk Shipping is 40.92, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 17.71.

Price to Book Value per Share Ratio

Eagle Bulk Shipping has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for EGLE.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Eagle Bulk Shipping is a leading dividend payer. It pays a dividend yield of 3.83%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Eagle Bulk Shipping does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Eagle Bulk Shipping is 156.86%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Eagle Bulk Shipping will have a dividend payout ratio of 36.25% next year. This indicates that Eagle Bulk Shipping will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.5 / 5
• Environmental Score: -6.66

Short Interest

There is no current short interest data available for EGLE.

News and Social Media

• Score: N/A
• News Sentiment: N/A

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Eagle Bulk Shipping insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.90% of the stock of Eagle Bulk Shipping is held by insiders.

Percentage Held by Institutions

70.60% of the stock of Eagle Bulk Shipping is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EGLE Stock Analysis - Frequently Asked Questions

How were Eagle Bulk Shipping's earnings last quarter?

Eagle Bulk Shipping Inc. (NASDAQ:EGLE) announced its quarterly earnings results on Monday, March, 4th. The shipping company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.75 by $0.38. The shipping company earned $104.59 million during the quarter, compared to analysts' expectations of $76.16 million. Eagle Bulk Shipping had a trailing twelve-month return on equity of 4.62% and a net margin of 5.77%.

When did Eagle Bulk Shipping's stock split?

Eagle Bulk Shipping's stock reverse split on the morning of Tuesday, September 15th 2020. The 1-7 reverse split was announced on Monday, September 14th 2020. The number of shares owned by shareholders was adjusted after the market closes on Monday, September 14th 2020. An investor that had 100 shares of stock prior to the reverse split would have 14 shares after the split.

What other stocks do shareholders of Eagle Bulk Shipping own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Eagle Bulk Shipping investors own include Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Broadcom (AVGO), Exxon Mobil (XOM), Star Bulk Carriers (SBLK) and Intel (INTC).

Company Calendar

• Last Earnings: 3/04/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: N/A
• Current Symbol: NASDAQ:EGLE
• CUSIP: N/A
• CIK: 1322439
• Web: www.eagleships.com
• Phone: (203) 276-8100
• Fax: 203-276-8199
• Employees: 1,025
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $57.83
• High Stock Price Target: $63.50
• Low Stock Price Target: $55.00
• Potential Upside/Downside: -7.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.53
• Trailing P/E Ratio: 40.92
• Forward P/E Ratio: 12.88
• P/E Growth: N/A
• Net Income: $22.73 million
• Net Margins: 5.77%
• Pretax Margin: 5.77%
• Return on Equity: 4.62%
• Return on Assets: 2.57%

Debt

• Debt-to-Equity Ratio: 0.55
• Current Ratio: 0.89
• Quick Ratio: 0.77

Sales & Book Value

• Annual Sales: $393.80 million
• Price / Sales: 1.76
• Cash Flow: $11.68 per share
• Price / Cash Flow: 5.36
• Book Value: $60.43 per share
• Price / Book: 1.04

Miscellaneous

• Outstanding Shares: 11,070,000
• Free Float: 10,863,000
• Market Cap: $692.98 million
• Optionable: Optionable
• Beta: 1.49