Star Bulk Carriers (SBLK) Projected to Post Earnings on Tuesday

Star Bulk Carriers (NASDAQ:SBLK) is anticipated to release its earnings data after the market closes on Tuesday, February 18th. Analysts expect Star Bulk Carriers to post earnings of $0.42 per share and revenue of $230.91 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Star Bulk Carriers Trading Up 0.6 %

Shares of NASDAQ:SBLK opened at $16.10 on Friday. Star Bulk Carriers has a 1 year low of $14.30 and a 1 year high of $27.47. The stock’s fifty day moving average price is $15.17 and its 200-day moving average price is $18.62. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.69 and a quick ratio of 1.50. The company has a market cap of $1.35 billion, a P/E ratio of 5.44 and a beta of 0.95.

Star Bulk Carriers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Thursday, December 5th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 14.91%. The ex-dividend date was Thursday, December 5th. Star Bulk Carriers’s dividend payout ratio is 81.08%.

Analysts Set New Price Targets

SBLK has been the topic of a number of recent research reports. StockNews.com downgraded Star Bulk Carriers from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Stifel Nicolaus downgraded Star Bulk Carriers from a “buy” rating to a “hold” rating and lowered their target price for the company from $30.00 to $21.00 in a report on Wednesday, October 23rd. DNB Markets raised Star Bulk Carriers from a “sell” rating to a “hold” rating and increased their target price for the company from $19.30 to $20.20 in a report on Thursday, November 21st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $28.00 target price on shares of Star Bulk Carriers in a report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.