Star Bulk Carriers (NASDAQ:SBLK) will release its earnings data after the market closes on Wednesday, May 22nd. Analysts expect Star Bulk Carriers to post earnings of ($0.08) per share for the quarter.
Shares of SBLK opened at $8.04 on Tuesday. Star Bulk Carriers has a twelve month low of $6.16 and a twelve month high of $15.38. The stock has a market cap of $735.55 million, a PE ratio of 7.25 and a beta of 1.75. The company has a current ratio of 1.34, a quick ratio of 1.22 and a debt-to-equity ratio of 0.84.
Several brokerages have recently weighed in on SBLK. BidaskClub upgraded Star Bulk Carriers from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. Zacks Investment Research upgraded Star Bulk Carriers from a “strong sell” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, Morgan Stanley cut Star Bulk Carriers from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Star Bulk Carriers currently has a consensus rating of “Buy” and an average price target of $17.00.
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Star Bulk Carriers Company Profile
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of April 10, 2019, the company had a fleet of 109 vessels with an aggregate capacity of approximately 12.45 million deadweight ton, including 17 Newcastlemax, 19 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 17 Ultramax, and 10 Supramax vessels.
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