$0.25 Earnings Per Share Expected for Star Bulk Carriers Corp. (NASDAQ:SBLK) This Quarter

Wall Street brokerages forecast that Star Bulk Carriers Corp. (NASDAQ:SBLK) will report earnings of $0.25 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Star Bulk Carriers’ earnings, with estimates ranging from $0.24 to $0.26. Star Bulk Carriers reported earnings of $0.33 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 24.2%. The firm is scheduled to issue its next earnings report on Monday, February 10th.

On average, analysts expect that Star Bulk Carriers will report full year earnings of $0.13 per share for the current financial year, with EPS estimates ranging from $0.12 to $0.14. For the next year, analysts forecast that the business will report earnings of $2.73 per share, with EPS estimates ranging from $2.54 to $2.92. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Star Bulk Carriers.

Star Bulk Carriers (NASDAQ:SBLK) last released its quarterly earnings data on Wednesday, November 20th. The shipping company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The company had revenue of $248.44 million during the quarter, compared to the consensus estimate of $215.35 million. Star Bulk Carriers had a negative net margin of 3.50% and a positive return on equity of 1.24%.

Several research analysts recently commented on the stock. Pareto Securities downgraded shares of Star Bulk Carriers from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. BidaskClub raised shares of Star Bulk Carriers from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Star Bulk Carriers from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. ValuEngine raised shares of Star Bulk Carriers from a “strong sell” rating to a “sell” rating in a report on Thursday, November 28th. Finally, TheStreet downgraded shares of Star Bulk Carriers from a “c-” rating to a “d” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Star Bulk Carriers currently has a consensus rating of “Hold” and a consensus target price of $13.50.

A number of large investors have recently made changes to their positions in the business. Barclays PLC boosted its holdings in Star Bulk Carriers by 1,165.6% in the 3rd quarter. Barclays PLC now owns 16,503 shares of the shipping company’s stock valued at $166,000 after purchasing an additional 15,199 shares during the period. Phoenix Holdings Ltd. bought a new position in Star Bulk Carriers in the 3rd quarter valued at $3,417,000. State Street Corp boosted its holdings in Star Bulk Carriers by 9.3% in the 3rd quarter. State Street Corp now owns 85,028 shares of the shipping company’s stock valued at $856,000 after purchasing an additional 7,235 shares during the period. Cetera Advisor Networks LLC boosted its holdings in Star Bulk Carriers by 15.6% in the 3rd quarter. Cetera Advisor Networks LLC now owns 14,474 shares of the shipping company’s stock valued at $145,000 after purchasing an additional 1,956 shares during the period. Finally, Tower Research Capital LLC TRC bought a new position in Star Bulk Carriers in the 3rd quarter valued at $32,000. 54.83% of the stock is owned by hedge funds and other institutional investors.

SBLK traded up $0.08 on Wednesday, hitting $10.72. The company’s stock had a trading volume of 489,711 shares, compared to its average volume of 580,872. The company’s 50 day simple moving average is $10.69 and its 200-day simple moving average is $9.86. The firm has a market cap of $1.01 billion, a P/E ratio of 9.66 and a beta of 1.69. Star Bulk Carriers has a 12 month low of $6.16 and a 12 month high of $11.81. The company has a quick ratio of 0.64, a current ratio of 0.82 and a debt-to-equity ratio of 0.88.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, November 29th. Star Bulk Carriers’s payout ratio is 18.02%.

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 major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of April 10, 2019, the company had a fleet of 109 vessels with an aggregate capacity of approximately 12.45 million deadweight ton, including 17 Newcastlemax, 19 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 17 Ultramax, and 10 Supramax vessels.

See Also: What is the Shanghai Stock Exchange Composite Index?

Get a free copy of the Zacks research report on Star Bulk Carriers (SBLK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Star Bulk Carriers (NASDAQ:SBLK)

Receive News & Ratings for Star Bulk Carriers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Star Bulk Carriers and related companies with MarketBeat.com's FREE daily email newsletter.