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

Star Bulk Carriers (NASDAQ:SBLK) will likely be announcing its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $235.51 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Star Bulk Carriers Trading Up 1.8 %

NASDAQ:SBLK opened at $15.66 on Tuesday. The company’s 50 day moving average price is $15.26 and its 200-day moving average price is $18.84. Star Bulk Carriers has a 52 week low of $14.30 and a 52 week high of $27.47. The company has a quick ratio of 1.50, a current ratio of 1.69 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 5.29 and a beta of 0.95.

Star Bulk Carriers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders 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 dividend yield of 15.33%. The ex-dividend date was Thursday, December 5th. Star Bulk Carriers’s payout ratio is 81.08%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SBLK shares. Stifel Nicolaus cut shares of Star Bulk Carriers from a “buy” rating to a “hold” rating and cut their price target for the company from $30.00 to $21.00 in a report on Wednesday, October 23rd. Jefferies Financial Group restated a “buy” rating and issued a $28.00 target price on shares of Star Bulk Carriers in a report on Wednesday, November 20th. DNB Markets upgraded shares of Star Bulk Carriers from a “sell” rating to a “hold” rating and raised their target price for the stock from $19.30 to $20.20 in a report on Thursday, November 21st. Finally, StockNews.com cut shares of Star Bulk Carriers from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Star Bulk Carriers presently has a consensus rating of “Hold” and an average target price 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.