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

Star Bulk Carriers (NASDAQ:SBLK) will post its quarterly earnings results after the market closes on Tuesday, November 19th. Analysts expect Star Bulk Carriers to post earnings of $0.70 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Star Bulk Carriers Price Performance

Shares of NASDAQ:SBLK opened at $20.29 on Monday. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 7.46 and a beta of 1.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.51 and a quick ratio of 1.34. The business’s 50 day simple moving average is $20.83 and its 200-day simple moving average is $22.77. Star Bulk Carriers has a 12 month low of $18.63 and a 12 month high of $27.47.

Analysts Set New Price Targets

A number of analysts have commented on SBLK shares. StockNews.com downgraded Star Bulk Carriers from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft started coverage on Star Bulk Carriers in a research note on Wednesday, September 4th. They set a “buy” rating and a $26.00 price target for the company. Stifel Nicolaus cut shares of Star Bulk Carriers from a “buy” rating to a “hold” rating and lowered their price objective for the company from $30.00 to $21.00 in a research note on Wednesday, October 23rd. Finally, DNB Markets cut shares of Star Bulk Carriers from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $25.67.

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 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.