Star Bulk Carriers (SBLK) to Release Quarterly Earnings on Wednesday

Star Bulk Carriers (NASDAQ:SBLK - Get Free Report) is expected to be posting its Q1 2025 quarterly earnings results after the market closes on Wednesday, May 14th. Analysts expect Star Bulk Carriers to post earnings of ($0.28) per share and revenue of $162.57 million for the quarter.

Star Bulk Carriers (NASDAQ:SBLK - Get Free Report) last issued its earnings results on Wednesday, May 14th. The shipping company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.28) by $0.21. Star Bulk Carriers had a net margin of 24.08% and a return on equity of 12.48%. The firm had revenue of $159.28 million during the quarter, compared to analyst estimates of $162.57 million. During the same quarter in the prior year, the business earned $0.87 earnings per share. On average, analysts expect Star Bulk Carriers to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Star Bulk Carriers Price Performance

Shares of NASDAQ:SBLK traded up $0.38 during midday trading on Thursday, reaching $16.79. 891,475 shares of the company were exchanged, compared to its average volume of 1,818,256. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 0.42. The business's fifty day moving average is $15.02 and its two-hundred day moving average is $15.92. Star Bulk Carriers has a one year low of $12.06 and a one year high of $27.47. The stock has a market cap of $1.98 billion, a PE ratio of 5.88 and a beta of 0.89.

Star Bulk Carriers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.36 annualized dividend and a yield of 2.14%. Star Bulk Carriers's dividend payout ratio (DPR) is currently 12.54%.

Analyst Upgrades and Downgrades

Several research firms have commented on SBLK. StockNews.com lowered shares of Star Bulk Carriers from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Jefferies Financial Group lowered their price objective on shares of Star Bulk Carriers from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Star Bulk Carriers presently has an average rating of "Hold" and an average target price of $22.05.

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 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.