Eagle Bulk Shipping Inc. (NASDAQ:EGLE) – Stock analysts at Seaport Global Securities cut their Q4 2018 earnings per share (EPS) estimates for shares of Eagle Bulk Shipping in a research report issued to clients and investors on Wednesday, November 7th. Seaport Global Securities analyst M. Fyhr now forecasts that the shipping company will post earnings per share of $0.09 for the quarter, down from their prior estimate of $0.19. Seaport Global Securities also issued estimates for Eagle Bulk Shipping’s Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.14 EPS and FY2019 earnings at $0.84 EPS.

A number of other equities analysts also recently weighed in on the company. B. Riley initiated coverage on Eagle Bulk Shipping in a research note on Thursday, October 4th. They issued a “buy” rating and a $8.50 target price on the stock. ValuEngine downgraded Eagle Bulk Shipping from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 25th. BidaskClub downgraded Eagle Bulk Shipping from a “hold” rating to a “sell” rating in a research note on Thursday, August 16th. Finally, Zacks Investment Research downgraded Eagle Bulk Shipping from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Eagle Bulk Shipping has an average rating of “Buy” and a consensus price target of $7.17.

Shares of NASDAQ EGLE opened at $4.71 on Monday. Eagle Bulk Shipping has a twelve month low of $4.18 and a twelve month high of $6.14. The company has a market capitalization of $312.96 million, a PE ratio of -11.21 and a beta of 1.73. The company has a current ratio of 2.16, a quick ratio of 1.91 and a debt-to-equity ratio of 0.63.

Eagle Bulk Shipping (NASDAQ:EGLE) last announced its earnings results on Tuesday, November 6th. The shipping company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Eagle Bulk Shipping had a positive return on equity of 0.96% and a negative net margin of 3.52%. The firm had revenue of $53.97 million for the quarter, compared to the consensus estimate of $57.49 million.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bailard Inc. purchased a new position in shares of Eagle Bulk Shipping in the 3rd quarter worth approximately $619,000. Royce & Associates LP boosted its stake in shares of Eagle Bulk Shipping by 8.9% in the 3rd quarter. Royce & Associates LP now owns 1,096,004 shares of the shipping company’s stock worth $6,160,000 after buying an additional 90,000 shares during the last quarter. Ancora Advisors LLC raised its holdings in shares of Eagle Bulk Shipping by 76.5% in the 3rd quarter. Ancora Advisors LLC now owns 101,457 shares of the shipping company’s stock worth $570,000 after purchasing an additional 43,968 shares during the period. Bridgeway Capital Management Inc. bought a new stake in shares of Eagle Bulk Shipping in the 3rd quarter worth approximately $843,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Eagle Bulk Shipping in the 3rd quarter worth approximately $226,000. Hedge funds and other institutional investors own 46.52% of the company’s stock.

Eagle Bulk Shipping Company Profile

Eagle Bulk Shipping, Inc is a holding company, which engages in the ocean transportation of a broad range of dry bulk cargoes worldwide through the ownership, charter, and operation of dry bulk vessels. It operates Supramax and Handymax vessels that transport minor and major bulk cargoes, including iron ore, coal, grain, cement, and fertilizer.

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Earnings History and Estimates for Eagle Bulk Shipping (NASDAQ:EGLE)

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