Star Bulk Carriers (NASDAQ:SBLK - Get Free Report) is anticipated to release its earnings data before the market opens on Monday, February 10th. Analysts expect Star Bulk Carriers to post earnings of $0.45 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.
Star Bulk Carriers Trading Down 1.5 %
SBLK stock traded down $0.23 during midday trading on Thursday, hitting $15.41. 1,177,209 shares of the company's stock were exchanged, compared to its average volume of 1,725,871. The business has a 50-day simple moving average of $15.35 and a two-hundred day simple moving average of $18.99. The company has a current ratio of 1.69, a quick ratio of 1.50 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $1.29 billion, a PE ratio of 5.21 and a beta of 0.95. Star Bulk Carriers has a 1-year low of $14.30 and a 1-year high of $27.47.
Star Bulk Carriers Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Thursday, December 5th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 15.57%. The ex-dividend date was Thursday, December 5th. Star Bulk Carriers's payout ratio is 81.08%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. DNB Markets raised shares of Star Bulk Carriers from a "sell" rating to a "hold" rating and increased their price target for the stock from $19.30 to $20.20 in a research report on Thursday, November 21st. StockNews.com downgraded Star Bulk Carriers from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Jefferies Financial Group reissued a "buy" rating and issued a $28.00 price target on shares of Star Bulk Carriers in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus downgraded Star Bulk Carriers from a "buy" rating to a "hold" rating and decreased their price objective for the company from $30.00 to $21.00 in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $23.80.
Get Our Latest Report on SBLK
Star Bulk Carriers Company Profile
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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.
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