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Eagle Bulk Shipping (EGLE) Stock Forecast, Price & News

$42.06
+0.12 (+0.29%)
(As of 09/29/2023 ET)
Compare
Today's Range
$41.80
$42.44
50-Day Range
$39.29
$46.33
52-Week Range
$39.15
$67.09
Volume
109,670 shs
Average Volume
259,350 shs
Market Capitalization
$418.08 million
P/E Ratio
5.45
Dividend Yield
5.52%
Price Target
$65.40

Eagle Bulk Shipping MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
55.5% Upside
$65.40 Price Target
Short Interest
N/A
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.56
Upright™ Environmental Score
News Sentiment
0.84mentions of Eagle Bulk Shipping in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$64,786 Bought Last Quarter
Proj. Earnings Growth
289.38%
From $1.13 to $4.40 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.15 out of 5 stars

Transportation Sector

7th out of 116 stocks

Deep Sea Foreign Transportation Of Freight Industry

4th out of 29 stocks


EGLE stock logo

About Eagle Bulk Shipping (NASDAQ:EGLE) Stock

Eagle Bulk Shipping Inc. engages in the ocean transportation of dry bulk cargoes worldwide. The company owns, charters, and operates dry bulk vessels that transport a range of bulk cargoes, including iron ore, coal, grains, fertilizers, steel products, petcoke, cement, and forest products. It serves miners, producers, traders, and end users. As of December 31, 2022, the company owned and operated a fleet of 53 vessels. Eagle Bulk Shipping Inc. was incorporated in 2005 and is headquartered in Stamford, Connecticut.

EGLE Price History

EGLE Stock News Headlines

The gold catalyst we've waited for
Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
Eagle Bulk: Cheap Bulker With Decent Dividend
Q2 2023 Eagle Bulk Shipping Inc Earnings Call
The gold catalyst we've waited for
Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
What 6 Analyst Ratings Have To Say About Eagle Bulk Shipping
10 Best Marine Shipping Stocks to Buy Now
Massive Insider Trade At Eagle Bulk Shipping
See More Headlines
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EGLE Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 8/24 Dividend
8/15/2023
Dividend Payable
8/24/2023
Today
9/29/2023
Next Earnings (Confirmed)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Current Symbol
NASDAQ:EGLE
Employees
1,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$65.40
High Stock Price Forecast
$84.00
Low Stock Price Forecast
$52.00
Forecasted Upside/Downside
+56.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$248.01 million
Pretax Margin
22.40%

Debt

Sales & Book Value

Annual Sales
$719.85 million
Cash Flow
$25.41 per share
Book Value
$59.88 per share

Miscellaneous

Free Float
9,750,000
Market Cap
$416.78 million
Optionable
Optionable
Beta
1.33
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Key Executives

  • Mr. Gary S. VogelMr. Gary S. Vogel (Age 57)
    CEO & Director
    Comp: $1.92M
  • Mr. Frank C. De Costanzo (Age 60)
    Special Advisor
    Comp: $767.56k
  • Mr. Constantine Tsoutsoplides (Age 46)
    CFO & Sec.
  • Mr. Michael J. Mitchell
    Gen. Counsel
  • Mr. Bo Westergaard (Age 55)
    Chief Commercial Officer
  • Jonathan Dowsett
    Director of Fleet Performance













EGLE Stock - Frequently Asked Questions

Should I buy or sell Eagle Bulk Shipping stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eagle Bulk Shipping in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" EGLE shares.
View EGLE analyst ratings
or view top-rated stocks.

What is Eagle Bulk Shipping's stock price forecast for 2023?

4 brokerages have issued 12-month target prices for Eagle Bulk Shipping's shares. Their EGLE share price forecasts range from $52.00 to $84.00. On average, they predict the company's share price to reach $65.40 in the next year. This suggests a possible upside of 56.0% from the stock's current price.
View analysts price targets for EGLE
or view top-rated stocks among Wall Street analysts.

How have EGLE shares performed in 2023?

Eagle Bulk Shipping's stock was trading at $49.94 at the beginning of the year. Since then, EGLE shares have decreased by 16.0% and is now trading at $41.93.
View the best growth stocks for 2023 here
.

When is Eagle Bulk Shipping's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our EGLE earnings forecast
.

How can I listen to Eagle Bulk Shipping's earnings call?

Eagle Bulk Shipping will be holding an earnings conference call on Friday, November 3rd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Eagle Bulk Shipping's earnings last quarter?

Eagle Bulk Shipping Inc. (NASDAQ:EGLE) posted its quarterly earnings results on Thursday, August, 3rd. The shipping company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.69. The shipping company earned $75.94 million during the quarter, compared to analyst estimates of $72.76 million. Eagle Bulk Shipping had a net margin of 22.40% and a trailing twelve-month return on equity of 17.05%.

How often does Eagle Bulk Shipping pay dividends? What is the dividend yield for Eagle Bulk Shipping?

Eagle Bulk Shipping declared a quarterly dividend on Thursday, August 3rd. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.58 per share on Thursday, August 24th. This represents a $2.32 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend is Tuesday, August 15th. This is an increase from the stock's previous quarterly dividend of $0.10.
Read our dividend analysis for EGLE
.

Is Eagle Bulk Shipping a good dividend stock?

Eagle Bulk Shipping (NASDAQ:EGLE) pays an annual dividend of $2.32 per share and currently has a dividend yield of 5.51%. EGLE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 30.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EGLE will have a dividend payout ratio of 52.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EGLE.

When did Eagle Bulk Shipping's stock split?

Shares of Eagle Bulk Shipping reverse split on the morning of Tuesday, September 15th 2020. The 1-7 reverse split was announced on Monday, September 14th 2020. The number of shares owned by shareholders was adjusted after the market closes on Monday, September 14th 2020. An investor that had 100 shares of stock prior to the reverse split would have 14 shares after the split.

What is Gary Vogel's approval rating as Eagle Bulk Shipping's CEO?

1 employees have rated Eagle Bulk Shipping Chief Executive Officer Gary Vogel on Glassdoor.com. Gary Vogel has an approval rating of 100% among the company's employees. This puts Gary Vogel in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Eagle Bulk Shipping own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Eagle Bulk Shipping investors own include Pacific Basin Shipping (PCFBY), Chesapeake Energy (CHKAQ), Matinas BioPharma (MTNB), DHT (DHT), General Electric (GE), ADMA Biologics (ADMA), Advanced Micro Devices (AMD), Miragen Therapeutics (MGEN), Bank of America (BAC) and EnLink Midstream (ENLC).

What is Eagle Bulk Shipping's stock symbol?

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

How do I buy shares of Eagle Bulk Shipping?

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

What is Eagle Bulk Shipping's stock price today?

One share of EGLE stock can currently be purchased for approximately $41.93.

How much money does Eagle Bulk Shipping make?

Eagle Bulk Shipping (NASDAQ:EGLE) has a market capitalization of $416.78 million and generates $719.85 million in revenue each year. The shipping company earns $248.01 million in net income (profit) each year or $7.72 on an earnings per share basis.

How many employees does Eagle Bulk Shipping have?

The company employs 1,000 workers across the globe.

How can I contact Eagle Bulk Shipping?

Eagle Bulk Shipping's mailing address is 300 First Stamford Place 5th Floor, Stamford CT, 06902. The official website for the company is www.eagleships.com. The shipping company can be reached via phone at (203) 276-8100, via email at investor@eagleships.com, or via fax at 203-276-8199.

This page (NASDAQ:EGLE) was last updated on 9/29/2023 by MarketBeat.com Staff

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