Star Bulk Carriers (SBLK) Expected to Announce Quarterly Earnings on Tuesday

Star Bulk Carriers (NASDAQ:SBLK) is anticipated to announce its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $235.51 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Star Bulk Carriers Trading Up 1.8 %

Shares of Star Bulk Carriers stock opened at $15.66 on Tuesday. The company’s fifty day simple moving average is $15.26 and its 200-day simple moving average is $18.84. The stock has a market capitalization of $1.32 billion, a PE ratio of 5.29 and a beta of 0.95. Star Bulk Carriers has a 1-year low of $14.30 and a 1-year high of $27.47. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.69 and a quick ratio of 1.50.

Star Bulk Carriers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 15.33%. The ex-dividend date was Thursday, December 5th. Star Bulk Carriers’s dividend payout ratio is presently 81.08%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. DNB Markets upgraded shares of Star Bulk Carriers from a “sell” rating to a “hold” rating and raised their price objective for the company from $19.30 to $20.20 in a research report on Thursday, November 21st. StockNews.com cut shares of Star Bulk Carriers from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Jefferies Financial Group restated a “buy” rating and set a $28.00 target price on shares of Star Bulk Carriers in a research note on Wednesday, November 20th. Finally, Stifel Nicolaus cut shares of Star Bulk Carriers from a “buy” rating to a “hold” rating and lowered their target price for the company from $30.00 to $21.00 in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $23.80.

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.