Star Bulk Carriers (SBLK) to Release Quarterly Earnings on Tuesday

Star Bulk Carriers (NASDAQ:SBLK - Get Free Report) will issue its quarterly earnings data after the market closes on Tuesday, November 19th. Analysts expect the company to announce earnings of $0.70 per share for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Star Bulk Carriers Stock Down 2.4 %

Shares of SBLK stock traded down $0.49 on Tuesday, hitting $19.84. 738,109 shares of the stock were exchanged, compared to its average volume of 1,582,316. The company has a current ratio of 1.51, a quick ratio of 1.34 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.67 billion, a P/E ratio of 7.47 and a beta of 1.00. The business has a 50-day moving average of $20.86 and a 200 day moving average of $22.88. Star Bulk Carriers has a fifty-two week low of $17.92 and a fifty-two week high of $27.47.

Analyst Ratings Changes

SBLK has been the subject of several recent research reports. DNB Markets cut Star Bulk Carriers from a "hold" rating to a "sell" rating in a research report on Friday, October 11th. Stifel Nicolaus cut Star Bulk Carriers from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $30.00 to $21.00 in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on Star Bulk Carriers in a research report on Wednesday, September 4th. They set a "buy" rating and a $26.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $25.67.

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 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.