Eagle Bulk Shipping Inc. (EGLE) Releases Quarterly Earnings Results
Eagle Bulk Shipping Inc. (NASDAQ:EGLE) announced its quarterly earnings results on Monday. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01, reports. Eagle Bulk Shipping had a negative net margin of 131.02% and a negative return on equity of 15.35%.
Shares of Eagle Bulk Shipping (NASDAQ:EGLE) traded up 4.56% during mid-day trading on Monday, hitting $4.59. 328,146 shares of the company’s stock traded hands. Eagle Bulk Shipping has a 1-year low of $4.06 and a 1-year high of $12.45. The stock has a 50 day moving average price of $4.53 and a 200-day moving average price of $5.18.
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EGLE has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Eagle Bulk Shipping from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. BidaskClub downgraded shares of Eagle Bulk Shipping from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th.
About Eagle Bulk Shipping
Eagle Bulk Shipping Inc is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels.
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