Star Bulk Carriers (NASDAQ:SBLK – Get Rating) announced its quarterly earnings data on Tuesday. The shipping company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.25, MarketWatch Earnings reports. Star Bulk Carriers had a return on equity of 37.79% and a net margin of 47.67%. During the same quarter last year, the firm posted $0.36 EPS.
NASDAQ:SBLK opened at $32.79 on Wednesday. The company has a quick ratio of 2.09, a current ratio of 2.35 and a debt-to-equity ratio of 0.64. The firm has a market cap of $3.35 billion, a PE ratio of 4.92 and a beta of 0.89. Star Bulk Carriers has a 12 month low of $16.56 and a 12 month high of $33.88. The company’s 50-day moving average price is $29.51 and its two-hundred day moving average price is $25.46.
A number of equities research analysts have weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Star Bulk Carriers in a research note on Wednesday, April 27th. They set a “buy” rating on the stock. StockNews.com lowered shares of Star Bulk Carriers from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 20th. Pareto Securities lowered shares of Star Bulk Carriers from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research report on Wednesday, February 23rd. HC Wainwright raised their price target on shares of Star Bulk Carriers from $35.00 to $40.00 in a research note on Friday, February 18th. Finally, Zacks Investment Research upgraded Star Bulk Carriers from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Thursday, April 28th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $34.00.
Star Bulk Carriers Company Profile (Get Rating)
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. The company's 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 December 31, 2021, it had a fleet of 128 vessels with an aggregate capacity of approximately 14.1 million deadweight tons, including 17 Newcastlemax, 24 Capesize, 7 Post Panamax, 41 Kamsarmax, 2 Panamax, 20 Ultramax, and 17 Supramax vessels.
- Get a free copy of the StockNews.com research report on Star Bulk Carriers (SBLK)
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