Star Bulk Carriers (SBLK) to Release Earnings on Tuesday

Star Bulk Carriers (NASDAQ:SBLK) 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. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Star Bulk Carriers Trading Up 0.5 %

NASDAQ:SBLK opened at $20.29 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.51 and a debt-to-equity ratio of 0.48. Star Bulk Carriers has a 52-week low of $18.63 and a 52-week high of $27.47. The stock’s 50 day moving average price is $20.83 and its 200 day moving average price is $22.77. The company has a market capitalization of $1.70 billion, a PE ratio of 7.46 and a beta of 1.00.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. DNB Markets cut shares of Star Bulk Carriers from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft started coverage on shares of Star Bulk Carriers in a research note on Wednesday, September 4th. They issued a “buy” rating and a $26.00 price objective on the stock. StockNews.com downgraded shares of Star Bulk Carriers from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Stifel Nicolaus cut Star Bulk Carriers from a “buy” rating to a “hold” rating and dropped their price target for the company from $30.00 to $21.00 in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.