NASDAQ:EGLEEagle Bulk Shipping Stock Price, Forecast & News

Eagle Bulk Shipping's stock was trading at $2.39 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, EGLE shares have decreased by 6.3% and is now trading at $2.24. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eagle Bulk Shipping in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Eagle Bulk Shipping.

Eagle Bulk Shipping is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Eagle Bulk Shipping.

Eagle Bulk Shipping Inc. (NASDAQ:EGLE) released its earnings results on Thursday, May, 7th. The shipping company reported ($0.05) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.15) by $0.10. The shipping company had revenue of $47.81 million for the quarter, compared to analyst estimates of $47.15 million. Eagle Bulk Shipping had a negative return on equity of 5.01% and a negative net margin of 8.73%. View Eagle Bulk Shipping's earnings history.

6 equities research analysts have issued 1 year price objectives for Eagle Bulk Shipping's stock. Their forecasts range from $3.00 to $6.00. On average, they anticipate Eagle Bulk Shipping's stock price to reach $4.42 in the next twelve months. This suggests a possible upside of 97.2% from the stock's current price. View analysts' price targets for Eagle Bulk Shipping.

Media headlines about EGLE stock have been trending somewhat negative this week, according to InfoTrie. The research firm identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Eagle Bulk Shipping earned a media sentiment score of -1.8 on InfoTrie's scale. They also gave news coverage about the shipping company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Eagle Bulk Shipping.

Some companies that are related to Eagle Bulk Shipping include Star Bulk Carriers (SBLK), COSTAMARE INC/SH (CMRE), Torm (TRMD), Seacor (CKH), DryShips (DRYS), Navigator (NVGS), Dorian LPG (LPG), Genco Shipping & Trading (GNK), Teekay (TK), TSAKOS ENERGY N/SH (TNP), Overseas Shipholding Group (OSG), Scorpio Bulkers (SALT), Capital Product Partners (CPLP), Ardmore Shipping (ASC) and Diana Shipping (DSX). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Eagle Bulk Shipping investors own include PAC BASIN SHIPP/ADR (PCFBY), General Electric (GE), Bank of America (BAC), Advanced Micro Devices (AMD), DryShips (DRYS), Star Bulk Carriers (SBLK), Ford Motor (F), Chesapeake Energy (CHK), Cleveland-Cliffs (CLF) and Gevo (GEVO).

Eagle Bulk Shipping trades on the NASDAQ under the ticker symbol "EGLE."

Shares of EGLE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of EGLE stock can currently be purchased for approximately $2.24.

Eagle Bulk Shipping has a market capitalization of $171.92 million and generates $292.38 million in revenue each year. The shipping company earns $-21,700,000.00 in net income (profit) each year or ($0.25) on an earnings per share basis.

The official website for Eagle Bulk Shipping is www.eagleships.com.

Eagle Bulk Shipping's mailing address is 300 First Stamford Place 5th Floor, Stamford CT, 06902. The shipping company can be reached via phone at 203-276-8100 or via email at [email protected]