Star Bulk Carriers (SBLK) Set to Announce Earnings on Tuesday

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Star Bulk Carriers (NASDAQ:SBLK) will post its quarterly earnings results after the market closes on Tuesday, May 26th. Analysts expect Star Bulk Carriers to post earnings of ($0.10) per share 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 (NASDAQ:SBLK) last posted its quarterly earnings data on Wednesday, February 19th. The shipping company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.25 by $0.11. Star Bulk Carriers had a positive return on equity of 1.50% and a negative net margin of 1.97%. The business had revenue of $248.64 million for the quarter, compared to the consensus estimate of $253.49 million. On average, analysts expect Star Bulk Carriers to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Star Bulk Carriers stock opened at $5.09 on Friday. Star Bulk Carriers has a 12 month low of $3.86 and a 12 month high of $12.09. The company has a current ratio of 0.86, a quick ratio of 0.69 and a debt-to-equity ratio of 0.89. The business’s 50 day simple moving average is $5.25 and its 200 day simple moving average is $8.38. The company has a market cap of $499.59 million, a price-to-earnings ratio of -25.45 and a beta of 1.25.

Several equities research analysts have issued reports on SBLK shares. Fearnley Fonds upgraded Star Bulk Carriers from a “hold” rating to a “buy” rating in a research report on Thursday, February 20th. BidaskClub upgraded Star Bulk Carriers from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 19th. Pareto Securities upgraded Star Bulk Carriers to a “buy” rating and set a $9.00 target price on the stock in a research report on Tuesday, April 14th. DNB Markets downgraded Star Bulk Carriers from a “buy” rating to a “hold” rating and set a $10.40 target price on the stock. in a research report on Monday, March 9th. Finally, ValuEngine upgraded Star Bulk Carriers from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $10.88.

About Star Bulk Carriers

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.

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Earnings History for Star Bulk Carriers (NASDAQ:SBLK)

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