Star Bulk Carriers (NASDAQ:SBLK - Get Free Report) posted its quarterly earnings data on Tuesday. The shipping company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08), Zacks reports. Star Bulk Carriers had a net margin of 24.08% and a return on equity of 12.85%. The firm had revenue of $308.92 million during the quarter, compared to analyst estimates of $230.91 million.
Star Bulk Carriers Trading Up 6.2 %
Shares of NASDAQ SBLK traded up $0.93 during mid-day trading on Thursday, reaching $15.89. 3,816,958 shares of the company's stock were exchanged, compared to its average volume of 2,017,029. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 5.55 and a beta of 0.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.69. Star Bulk Carriers has a 52-week low of $14.30 and a 52-week high of $27.47. The company's 50-day moving average is $15.17 and its 200-day moving average is $18.49.
Star Bulk Carriers Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Tuesday, March 4th. Star Bulk Carriers's dividend payout ratio is presently 83.62%.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Jefferies Financial Group cut their target price on Star Bulk Carriers from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday. StockNews.com downgraded Star Bulk Carriers from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Stifel Nicolaus downgraded Star Bulk Carriers from a "buy" rating to a "hold" rating and cut their target price for the stock from $30.00 to $21.00 in a research note on Wednesday, October 23rd. Finally, DNB Markets raised Star Bulk Carriers from a "sell" rating to a "hold" rating and raised their target price for the stock from $19.30 to $20.20 in a research note on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $22.05.
Check Out Our Latest Stock Analysis on SBLK
Star Bulk Carriers Company Profile
(
Get Free Report)
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of bulk commodities, including iron ores, minerals and grains, bauxite, fertilizers, and steel products. As of December 31, 2023, the company owned a fleet of 116 dry bulk vessels with combined carrying capacity of 13.1 million deadweight tonnage (dwt) consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax vessels with carrying capacities between 53,489 dwt and 209,537 dwt.
Featured Articles
Before you consider Star Bulk Carriers, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Star Bulk Carriers wasn't on the list.
While Star Bulk Carriers currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
