Equities research analysts expect Star Bulk Carriers Corp. (NASDAQ:SBLK) to announce earnings of ($0.05) per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Star Bulk Carriers’ earnings. The lowest EPS estimate is ($0.13) and the highest is $0.00. Star Bulk Carriers posted earnings per share of $0.18 in the same quarter last year, which indicates a negative year-over-year growth rate of 127.8%. The business is expected to announce its next quarterly earnings report on Monday, June 10th.
On average, analysts expect that Star Bulk Carriers will report full-year earnings of $0.67 per share for the current year, with EPS estimates ranging from ($0.22) to $1.16. For the next financial year, analysts forecast that the business will report earnings of $2.82 per share, with EPS estimates ranging from $2.22 to $3.76. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Star Bulk Carriers.
Star Bulk Carriers (NASDAQ:SBLK) last released its quarterly earnings results on Monday, February 11th. The shipping company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. Star Bulk Carriers had a net margin of 9.05% and a return on equity of 6.85%. The firm had revenue of $209.43 million during the quarter, compared to analysts’ expectations of $186.95 million.
Large investors have recently bought and sold shares of the company. Oaktree Capital Management LP raised its holdings in shares of Star Bulk Carriers by 11.8% in the 4th quarter. Oaktree Capital Management LP now owns 34,161,751 shares of the shipping company’s stock valued at $312,239,000 after purchasing an additional 3,603,984 shares in the last quarter. PEAK6 Investments LLC bought a new stake in shares of Star Bulk Carriers in the 4th quarter valued at about $1,249,000. Legal & General Group Plc bought a new stake in shares of Star Bulk Carriers in the 3rd quarter valued at about $68,000. Marshall Wace LLP raised its holdings in shares of Star Bulk Carriers by 85.8% in the 3rd quarter. Marshall Wace LLP now owns 688,473 shares of the shipping company’s stock valued at $9,948,000 after purchasing an additional 317,857 shares in the last quarter. Finally, Jefferies Group LLC bought a new stake in shares of Star Bulk Carriers in the 3rd quarter valued at about $220,000. Institutional investors and hedge funds own 56.46% of the company’s stock.
SBLK traded down $0.31 on Friday, reaching $7.95. 360,773 shares of the company traded hands, compared to its average volume of 599,265. Star Bulk Carriers has a one year low of $6.16 and a one year high of $15.38. The firm has a market capitalization of $733.67 million, a price-to-earnings ratio of 7.16 and a beta of 1.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.34 and a quick ratio of 1.22.
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 October 10, 2018, the company had a fleet of 111 vessels with an aggregate capacity of approximately 12.67 million deadweight ton (dwt), including 17 Newcastlemax, 20 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 16 Ultramax, and 12 Supramax vessels.
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