$0.42 Earnings Per Share Expected for Star Bulk Carriers Corp. (NASDAQ:SBLK) This Quarter

Equities research analysts expect that Star Bulk Carriers Corp. (NASDAQ:SBLK) will report $0.42 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Star Bulk Carriers’ earnings, with estimates ranging from $0.32 to $0.51. Star Bulk Carriers reported earnings of ($0.23) per share in the same quarter last year, which indicates a positive year over year growth rate of 282.6%. The business is expected to report its next earnings report on Tuesday, May 25th.

According to Zacks, analysts expect that Star Bulk Carriers will report full year earnings of $3.64 per share for the current financial year, with EPS estimates ranging from $2.66 to $4.62. For the next year, analysts forecast that the business will report earnings of $3.06 per share, with EPS estimates ranging from $2.54 to $3.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Star Bulk Carriers.

Star Bulk Carriers (NASDAQ:SBLK) last issued its quarterly earnings data on Tuesday, February 16th. The shipping company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.08. The company had revenue of $186.02 million during the quarter, compared to the consensus estimate of $186.57 million. Star Bulk Carriers had a net margin of 0.71% and a return on equity of 1.41%.

SBLK has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft increased their price objective on Star Bulk Carriers from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, March 11th. Zacks Investment Research upgraded shares of Star Bulk Carriers from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research note on Thursday, April 22nd. Jefferies Financial Group lifted their target price on Star Bulk Carriers from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, January 29th. Finally, TheStreet upgraded Star Bulk Carriers from a “d+” rating to a “c-” rating in a report on Tuesday, February 9th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Star Bulk Carriers has an average rating of “Buy” and an average price target of $14.65.

Institutional investors have recently bought and sold shares of the stock. Marshall Wace North America L.P. bought a new stake in Star Bulk Carriers in the first quarter valued at approximately $47,000. Virtu Financial LLC acquired a new stake in Star Bulk Carriers during the 4th quarter valued at $211,000. Belvedere Trading LLC bought a new position in Star Bulk Carriers during the first quarter worth $238,000. Private Advisor Group LLC acquired a new position in shares of Star Bulk Carriers in the first quarter valued at $245,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Star Bulk Carriers during the 4th quarter worth about $245,000. Institutional investors and hedge funds own 55.21% of the company’s stock.

Shares of SBLK traded down $0.54 during midday trading on Tuesday, hitting $20.47. The stock had a trading volume of 108,339 shares, compared to its average volume of 1,307,697. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 409.48 and a beta of 1.34. The company has a 50 day simple moving average of $15.95 and a two-hundred day simple moving average of $11.31. Star Bulk Carriers has a twelve month low of $3.86 and a twelve month high of $21.65. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.07 and a quick ratio of 1.07.

Star Bulk Carriers Company Profile

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 March 16, 2021, it had a fleet of 128 vessels with an aggregate capacity of approximately 14.1 million deadweight tons, including 17 Newcastlemax, 22 Capesize, 2 Mini Capesize, 7 Post Panamax, 41 Kamsarmax, 2 Panamax, 20 Ultramax, and 17 Supramax vessels.

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