Star Bulk Carriers Corp. (SBLK) to Release Quarterly Earnings on Monday
Star Bulk Carriers Corp. (NASDAQ:SBLK) is scheduled to be announcing its Q316 earnings results on Monday, November 21st. Analysts expect the company to announce earnings of ($0.57) per share and revenue of $45.67 million for the quarter.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last posted its earnings results on Wednesday, September 14th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.66) by $0.03. The company had revenue of $52.65 million for the quarter. Star Bulk Carriers Corp. had a negative net margin of 187.42% and a negative return on equity of 10.28%. On average, analysts expect Star Bulk Carriers Corp. to post $-2.53 EPS for the current fiscal year and $-1.60 EPS for the next fiscal year.
Star Bulk Carriers Corp. (NASDAQ:SBLK) opened at 5.62 on Thursday. The company’s market cap is $247.03 million. The firm’s 50-day moving average is $4.64 and its 200 day moving average is $4.15. Star Bulk Carriers Corp. has a 1-year low of $1.57 and a 1-year high of $6.10.
Several research firms have recently weighed in on SBLK. Zacks Investment Research upgraded Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a research report on Tuesday. Pareto Securities upgraded Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a research report on Monday, October 10th. Deutsche Bank AG reiterated a “hold” rating on shares of Star Bulk Carriers Corp. in a research report on Wednesday, September 28th. Morgan Stanley reiterated a “sell” rating and set a $3.00 target price on shares of Star Bulk Carriers Corp. in a research report on Friday, September 16th. Finally, Jefferies Group reiterated a “buy” rating and set a $6.00 target price (up from $5.00) on shares of Star Bulk Carriers Corp. in a research report on Friday, September 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $4.38.
Star Bulk Carriers Corp. Company Profile
Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. The Company’s segment is operating dry bulk vessels. The Company will have a fleet of approximately 76 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels, with a carrying capacity between 45,588 dwt and 209,537 deadweight tonnage (dwt).
Receive News & Stock Ratings for Star Bulk Carriers Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Star Bulk Carriers Corp. and related stocks with our FREE daily email newsletter.