Star Bulk Carriers (SBLK) to Release Quarterly Earnings on Tuesday
Star Bulk Carriers (NASDAQ:SBLK) is scheduled to announce its earnings results after the market closes on Tuesday, November 20th. Analysts expect the company to announce earnings of $0.38 per share for the quarter.
Shares of SBLK stock opened at $9.25 on Friday. Star Bulk Carriers has a 52-week low of $8.81 and a 52-week high of $15.38. The company has a market capitalization of $630.79 million, a price-to-earnings ratio of 14.61 and a beta of 2.59. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.79.
A number of equities analysts have issued reports on SBLK shares. Seaport Global Securities reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Star Bulk Carriers in a research note on Sunday, August 12th. BidaskClub raised shares of Star Bulk Carriers from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. JPMorgan Chase & Co. set a $20.00 price objective on shares of Star Bulk Carriers and gave the company a “buy” rating in a research note on Tuesday, September 11th. Stifel Nicolaus raised their price objective on shares of Star Bulk Carriers from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. Finally, Deutsche Bank set a $17.00 price target on shares of Star Bulk Carriers and gave the stock a “buy” rating in a research report on Thursday, November 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $16.71.
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its 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 October 10, 2018, the company had a fleet of 111 vessels with an aggregate capacity of approximately 12.67 million deadweight ton (dwt), including 17 Newcastlemax, 20 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 16 Ultramax, and 12 Supramax vessels.
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