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

Star Bulk Carriers (NASDAQ:SBLK) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 19th. Analysts expect the company to announce earnings of $0.70 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Star Bulk Carriers Trading Up 0.5 %

NASDAQ:SBLK opened at $20.29 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.51 and a quick ratio of 1.34. Star Bulk Carriers has a one year low of $18.63 and a one year high of $27.47. The company has a market cap of $1.70 billion, a PE ratio of 7.46 and a beta of 1.00. The firm has a 50-day moving average of $20.83 and a 200-day moving average of $22.78.

Analyst Upgrades and Downgrades

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

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.