Star Bulk Carriers (NASDAQ:SBLK - Get Free Report) is projected to post its quarterly earnings results after the market closes on Tuesday, February 18th. Analysts expect Star Bulk Carriers to post earnings of $0.42 per share and revenue of $230.91 million for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.
Star Bulk Carriers Price Performance
SBLK stock traded up $0.10 during trading hours on Friday, hitting $16.10. 2,549,903 shares of the stock traded hands, compared to its average volume of 1,714,738. Star Bulk Carriers has a one year low of $14.30 and a one year high of $27.47. The company has a market cap of $1.35 billion, a P/E ratio of 5.44 and a beta of 0.95. 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 50-day simple moving average of $15.17 and a 200 day simple moving average of $18.70.
Star Bulk Carriers Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 14.91%. The ex-dividend date of this dividend was Thursday, December 5th. Star Bulk Carriers's dividend payout ratio is 81.08%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. StockNews.com downgraded Star Bulk Carriers from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Stifel Nicolaus downgraded Star Bulk Carriers from a "buy" rating to a "hold" rating and reduced their target price for the company from $30.00 to $21.00 in a report on Wednesday, October 23rd. Jefferies Financial Group reaffirmed a "buy" rating and set a $28.00 target price on shares of Star Bulk Carriers in a report on Wednesday, November 20th. Finally, DNB Markets raised Star Bulk Carriers from a "sell" rating to a "hold" rating and upped their target price for the company from $19.30 to $20.20 in a report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Star Bulk Carriers has a consensus rating of "Hold" and an average target price of $23.80.
View Our Latest Research 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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