Eagle Bulk Shipping (NASDAQ:EGLE) will be announcing its earnings results after the market closes on Monday, March 5th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter.
Shares of Eagle Bulk Shipping (EGLE) opened at $4.86 on Monday. The company has a market capitalization of $360.15, a price-to-earnings ratio of -1.45 and a beta of 2.36. The company has a quick ratio of 3.75, a current ratio of 4.25 and a debt-to-equity ratio of 0.66. Eagle Bulk Shipping has a 12-month low of $4.18 and a 12-month high of $5.92.
Several analysts have recently commented on EGLE shares. Zacks Investment Research raised Eagle Bulk Shipping from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Thursday, November 9th. ValuEngine raised Eagle Bulk Shipping from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Maxim Group reaffirmed a “hold” rating and issued a $4.50 target price on shares of Eagle Bulk Shipping in a research report on Thursday, November 2nd. BidaskClub raised Eagle Bulk Shipping from a “strong sell” rating to a “sell” rating in a research report on Friday, February 9th. Finally, Deutsche Bank started coverage on Eagle Bulk Shipping in a research report on Thursday, January 25th. They issued a “buy” rating and a $7.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Eagle Bulk Shipping has an average rating of “Hold” and an average target price of $6.00.
Eagle Bulk Shipping Company Profile
Eagle Bulk Shipping Inc is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels.
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