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NASDAQ:EGLE

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

Eagle Bulk Shipping logo

About Eagle Bulk Shipping Stock (NASDAQ:EGLE)

Key Stats

Today's Range
$62.60
$62.60
50-Day Range
$61.60
$64.56
52-Week Range
$39.15
$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
$56.38
Consensus Rating
Hold

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.

Eagle Bulk Shipping Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
40th Percentile Overall Score

EGLE MarketRank™: 

Eagle Bulk Shipping scored higher than 40% of companies evaluated by MarketBeat, and ranked 97th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

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

  • Read more about Eagle Bulk Shipping's stock forecast and price target.
  • 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 125.26.

  • 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 15.71.

  • 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

    There is no current short interest data available for EGLE.
  • 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.

  • Read more about Eagle Bulk Shipping's dividend.
  • Short Interest

    There is no current short interest data available for EGLE.
    • 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.

    • Read more about Eagle Bulk Shipping's insider trading history.
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    EGLE Stock News Headlines

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    EGLE Stock Analysis - Frequently Asked Questions

    Eagle Bulk Shipping Inc. (NASDAQ:EGLE) issued its quarterly earnings results on Monday, March, 4th. The shipping company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.38. The shipping company earned $104.59 million during the quarter, compared to the consensus estimate 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%.

    Eagle Bulk Shipping shares reverse split on 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 closing bell 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.

    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
    11/21/2024
    Fiscal Year End
    12/31/2024

    Industry, Sector and Symbol

    Industry
    Deep sea foreign transportation of freight
    Sub-Industry
    N/A
    Current Symbol
    NASDAQ:EGLE
    Employees
    1,025
    Year Founded
    N/A

    Price Target and Rating

    Average Stock Price Target
    $56.38
    High Stock Price Target
    $63.50
    Low Stock Price Target
    $52.00
    Potential Upside/Downside
    -9.9%
    Consensus Rating
    Hold
    Rating Score (0-4)
    2.00
    Research Coverage
    6 Analysts

    Profitability

    Net Income
    $22.73 million
    Pretax Margin
    5.77%

    Debt

    Sales & Book Value

    Annual Sales
    $393.80 million
    Cash Flow
    $11.68 per share
    Book Value
    $60.43 per share

    Miscellaneous

    Free Float
    10,863,000
    Market Cap
    $692.98 million
    Optionable
    Optionable
    Beta
    1.49

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    This page (NASDAQ:EGLE) was last updated on 11/21/2024 by MarketBeat.com Staff
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