Star Bulk Carriers (SBLK) Projected to Post Quarterly Earnings on Wednesday

Star Bulk Carriers (NASDAQ:SBLK - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data after the market closes on Wednesday, August 6th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $188.41 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) EPS for the quarter, topping analysts' consensus estimates of ($0.28) by $0.21. Star Bulk Carriers had a net margin of 18.62% and a return on equity of 8.20%. The company had revenue of $159.28 million for the quarter, compared to the consensus estimate of $162.57 million. During the same period in the previous year, the firm 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 Trading Up 0.9%

SBLK stock traded up $0.16 during trading on Friday, reaching $18.42. 574,682 shares of the stock were exchanged, compared to its average volume of 1,177,910. The business has a 50 day moving average price of $17.46 and a 200-day moving average price of $16.02. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 9.30 and a beta of 0.94. Star Bulk Carriers has a 1 year low of $12.06 and a 1 year high of $23.82. The company has a current ratio of 1.65, a quick ratio of 1.47 and a debt-to-equity ratio of 0.42.

Star Bulk Carriers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, June 6th. Star Bulk Carriers's dividend payout ratio is presently 10.10%.

Institutional Investors Weigh In On Star Bulk Carriers

An institutional investor recently raised its position in Star Bulk Carriers stock. Royal Bank of Canada boosted its holdings in Star Bulk Carriers Corp. (NASDAQ:SBLK - Free Report) by 94.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 117,275 shares of the shipping company's stock after buying an additional 56,930 shares during the period. Royal Bank of Canada owned approximately 0.10% of Star Bulk Carriers worth $1,825,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 33.91% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Star Bulk Carriers from a "hold" rating to a "sell" rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target 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.