Star Bulk Carriers (SBLK) Expected to Announce Quarterly Earnings on Monday

Star Bulk Carriers (NASDAQ:SBLK) is anticipated to release its earnings data after the market closes on Monday, February 10th. Analysts expect Star Bulk Carriers to post earnings of $0.45 per share and revenue of $235.51 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Star Bulk Carriers Price Performance

Star Bulk Carriers stock opened at $15.38 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.69. Star Bulk Carriers has a one year low of $14.30 and a one year high of $27.47. The company has a market cap of $1.29 billion, a P/E ratio of 5.20 and a beta of 0.95. The business has a fifty day moving average of $15.30 and a two-hundred day moving average of $18.97.

Star Bulk Carriers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Thursday, December 5th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 15.60%. The ex-dividend date was Thursday, December 5th. Star Bulk Carriers’s dividend payout ratio is currently 81.08%.

Analyst Ratings Changes

SBLK has been the topic of several research analyst reports. DNB Markets raised Star Bulk Carriers from a “sell” rating to a “hold” rating and boosted their price target for the stock from $19.30 to $20.20 in a research note on Thursday, November 21st. Stifel Nicolaus downgraded Star Bulk Carriers from a “buy” rating to a “hold” rating and decreased their target price for the stock from $30.00 to $21.00 in a research report on Wednesday, October 23rd. Jefferies Financial Group restated a “buy” rating and issued a $28.00 price target on shares of Star Bulk Carriers in a research report on Wednesday, November 20th. Finally, StockNews.com lowered shares of Star Bulk Carriers from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $23.80.

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.