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

Star Bulk Carriers (NASDAQ:SBLKGet Rating) is scheduled to release its earnings data after the market closes on Tuesday, May 24th. Analysts expect Star Bulk Carriers to post earnings of $1.41 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Shares of NASDAQ:SBLK opened at $32.03 on Monday. The company has a fifty day moving average of $29.29 and a 200-day moving average of $25.31. The company has a market capitalization of $3.28 billion, a PE ratio of 4.81 and a beta of 0.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.09 and a current ratio of 2.35. Star Bulk Carriers has a 52-week low of $16.56 and a 52-week high of $33.09.

A number of analysts have commented on SBLK shares. Pareto Securities cut shares of Star Bulk Carriers from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research report on Wednesday, February 23rd. StockNews.com downgraded Star Bulk Carriers from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 20th. HC Wainwright boosted their price objective on Star Bulk Carriers from $35.00 to $40.00 in a report on Friday, February 18th. Jefferies Financial Group started coverage on Star Bulk Carriers in a report on Wednesday, April 27th. They set a “buy” rating for the company. Finally, Zacks Investment Research upgraded Star Bulk Carriers from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Thursday, April 28th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $34.00.

Hedge funds and other institutional investors have recently modified their holdings of the company. Worth Asset Management LLC bought a new position in Star Bulk Carriers in the 1st quarter worth about $73,000. Captrust Financial Advisors raised its holdings in Star Bulk Carriers by 29.2% during the 1st quarter. Captrust Financial Advisors now owns 2,656 shares of the shipping company’s stock valued at $79,000 after buying an additional 600 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Star Bulk Carriers by 179,150.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,585 shares of the shipping company’s stock worth $106,000 after buying an additional 3,583 shares during the period. Citigroup Inc. purchased a new stake in shares of Star Bulk Carriers in the 4th quarter worth about $103,000. Finally, IHT Wealth Management LLC purchased a new stake in shares of Star Bulk Carriers in the 1st quarter worth about $221,000. 49.81% of the stock is currently owned by hedge funds and other institutional investors.

Star Bulk Carriers Company Profile (Get Rating)

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 December 31, 2021, it had a fleet of 128 vessels with an aggregate capacity of approximately 14.1 million deadweight tons, including 17 Newcastlemax, 24 Capesize, 7 Post Panamax, 41 Kamsarmax, 2 Panamax, 20 Ultramax, and 17 Supramax vessels.

See Also

Earnings History for Star Bulk Carriers (NASDAQ:SBLK)

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