NASDAQ:EGLE Eagle Bulk Shipping (EGLE) Stock Forecast, Price & News $42.95 +0.12 (+0.28%) (As of 06/8/2023 ET) Add Compare Share Share Today's Range$42.40▼$43.8950-Day Range$39.28▼$47.7752-Week Range$39.16▼$67.09Volume239,463 shsAverage Volume285,565 shsMarket Capitalization$588.84 millionP/E Ratio3.50Dividend Yield0.93%Price Target$70.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Eagle Bulk Shipping MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside64.1% Upside$70.50 Price TargetShort InterestHealthy8.24% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-6.55Upright™ Environmental ScoreNews Sentiment0.99Based on 6 Articles This WeekInsider TradingAcquiring Shares$80,359 Bought Last QuarterProj. Earnings Growth32.95%From $5.19 to $6.90 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.03 out of 5 starsTransportation Sector7th out of 121 stocksDeep Sea Foreign Transportation Of Freight Industry4th out of 30 stocks 3.5 Analyst's Opinion Consensus RatingEagle Bulk Shipping has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $70.50, Eagle Bulk Shipping has a forecasted upside of 64.1% from its current price of $42.95.Amount of Analyst CoverageEagle Bulk Shipping has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted8.24% of the outstanding shares of Eagle Bulk Shipping have been sold short.Short Interest Ratio / Days to CoverEagle Bulk Shipping has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Eagle Bulk Shipping has recently decreased by 2.59%, indicating that investor sentiment is improving. Previous Next 1.7 Dividend Strength Dividend YieldEagle Bulk Shipping has a dividend yield of 0.94%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthEagle Bulk Shipping does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Eagle Bulk Shipping is 3.26%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Eagle Bulk Shipping will have a dividend payout ratio of 5.80% next year. This indicates that Eagle Bulk Shipping will be able to sustain or increase its dividend. Previous Next 1.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEagle Bulk Shipping has received a -22.35% net impact score from Upright. The largest negative impact of Eagle Bulk Shipping in category "GHG emissions" is driven by its "Heavy fuel oil ship freight transport services" product. See details.Environmental SustainabilityThe Environmental Impact score for Eagle Bulk Shipping is -6.55. Previous Next 2.8 News and Social Media Coverage News SentimentEagle Bulk Shipping has a news sentiment score of 0.99. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Eagle Bulk Shipping this week, compared to 3 articles on an average week.Search InterestOnly 17 people have searched for EGLE on MarketBeat in the last 30 days. This is a decrease of -15% compared to the previous 30 days.MarketBeat FollowsOnly 8 people have added Eagle Bulk Shipping to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Eagle Bulk Shipping insiders have bought more of their company's stock than they have sold. Specifically, they have bought $80,359.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 2.20% of the stock of Eagle Bulk Shipping is held by insiders.Percentage Held by Institutions79.88% of the stock of Eagle Bulk Shipping is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Eagle Bulk Shipping are expected to grow by 32.95% in the coming year, from $5.19 to $6.90 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Eagle Bulk Shipping is 3.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.06.Price to Earnings Ratio vs. SectorThe P/E ratio of Eagle Bulk Shipping is 3.50, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 26.16.Price to Book Value per Share RatioEagle Bulk Shipping has a P/B Ratio of 0.72. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Eagle Bulk Shipping (NASDAQ:EGLE) StockEagle Bulk Shipping, Inc. is a holding company, which engages in the ocean transportation of dry bulk cargoes through the ownership, charter, and operation of dry bulk vessels. The company was founded by Sophocles N. Zoullas on March 23, 2005 and is headquartered in Stamford, CT.Read More Receive EGLE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Eagle Bulk Shipping and its competitors with MarketBeat's FREE daily newsletter. Email Address EGLE Stock News HeadlinesJune 8, 2023 | americanbankingnews.comEagle Bulk Shipping (NASDAQ:EGLE) Trading Down 3.1%June 7, 2023 | msn.comJefferies Maintains Eagle Bulk Shipping (EGLE) Prior RecommendationJune 8, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>June 6, 2023 | markets.businessinsider.comAnalyst Ratings for Eagle Bulk ShippingJune 5, 2023 | finance.yahoo.comTop Dividend Stocks for June 2023June 1, 2023 | finance.yahoo.comIs Now An Opportune Moment To Examine Eagle Bulk Shipping Inc. (NYSE:EGLE)?May 28, 2023 | americanbankingnews.comEagle Bulk Shipping Inc. (NASDAQ:EGLE) Receives Average Rating of "Moderate Buy" from BrokeragesMay 17, 2023 | msn.comEagle Bulk Shipping Upsizes & Extends Credit FacilityJune 8, 2023 | Behind the Markets (Ad)Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software"Denver firm proves its possible to use AI to save the lives of soldiers in combat. England, Germany, Japan and Australia have all signed contracts within the past 18 months. Get the name of the stock here >>>May 17, 2023 | finance.yahoo.comEagle Bulk Shipping Inc. Announces $175 million Upsize and Extension of its Credit FacilityMay 15, 2023 | finance.yahoo.comEagle Bulk Shipping Inc. (NYSE:EGLE) is a favorite amongst institutional investors who own 87%May 11, 2023 | msn.comMonday Is Your Last Chance To Buy Eagle Bulk Shipping Before The Dividend PayoutMay 11, 2023 | seekingalpha.comEagle Bulk Shipping: Strong Balance Sheet But Not A Buy YetMay 7, 2023 | americanbankingnews.comEagle Bulk Shipping Inc. (NASDAQ:EGLE) Plans $0.10 Quarterly DividendMay 6, 2023 | benzinga.comEagle Bulk Shipping Stock (NYSE:EGLE), Analyst Ratings, Price Targets, PredictionsMay 5, 2023 | msn.comEagle Bulk Shipping (EGLE) Declares $0.10 DividendMay 5, 2023 | seekingalpha.comEagle Bulk Shipping Inc. 2023 Q1 - Results - Earnings Call PresentationMay 5, 2023 | finance.yahoo.comEagle Bulk Shipping (EGLE) Q1 Earnings and Revenues Surpass EstimatesMay 4, 2023 | msn.comEagle Bulk Shipping: Q1 Earnings InsightsMay 3, 2023 | americanbankingnews.comEagle Bulk Shipping Inc. (NASDAQ:EGLE) Receives Average Rating of "Moderate Buy" from AnalystsMay 2, 2023 | americanbankingnews.comEagle Bulk Shipping (EGLE) to Release Earnings on ThursdayMay 1, 2023 | finance.yahoo.comWhat's in Store for Ardmore Shipping (ASC) in Q1 Earnings?May 1, 2023 | americanbankingnews.comEagle Bulk Shipping (NASDAQ:EGLE) Price Target Cut to $75.00 by Analysts at Alliance Global PartnersApril 28, 2023 | finance.yahoo.comStrength Seen in Golar LNG (GLNG): Can Its 10.4% Jump Turn into More Strength?April 27, 2023 | finance.yahoo.comEagle Bulk Shipping (EGLE) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 ReleaseApril 27, 2023 | americanbankingnews.comEagle Bulk Shipping Inc. (NASDAQ:EGLE) to Post FY2023 Earnings of $5.29 Per Share, Jefferies Financial Group ForecastsApril 26, 2023 | seekingalpha.comEGLE Eagle Bulk Shipping Inc.See More Headlines EGLE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EGLE Company Calendar Last Earnings11/04/2021Ex-Dividend for 3/23 Dividend3/14/2023Dividend Payable3/23/2023Ex-Dividend for 5/25 Dividend5/16/2023Dividend Payable5/25/2023Today6/08/2023Next Earnings (Estimated)8/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Deep sea foreign transportation of freight Sub-IndustryN/A SectorTransportation Current SymbolNASDAQ:EGLE CUSIPN/A CIK1322439 Webwww.eagleships.com Phone(203) 276-8100Fax203-276-8199Employees1,000Year FoundedN/APrice Target and Rating Average Stock Price Forecast$70.50 High Stock Price Forecast$84.00 Low Stock Price Forecast$60.00 Forecasted Upside/Downside+64.1%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$12.28 Trailing P/E Ratio3.50 Forward P/E Ratio8.28 P/E GrowthN/ANet Income$248.01 million Net Margins30.93% Pretax Margin30.93% Return on Equity24.29% Return on Assets15.84% Debt Debt-to-Equity Ratio0.34 Current Ratio1.85 Quick Ratio1.66 Sales & Book Value Annual Sales$719.85 million Price / Sales0.82 Cash Flow$25.87 per share Price / Cash Flow1.66 Book Value$59.88 per share Price / Book0.72Miscellaneous Outstanding Shares13,710,000Free Float13,410,000Market Cap$588.84 million OptionableOptionable Beta1.28 Key ExecutivesGary Scott VogelChief Executive Officer & DirectorJohn NicholsDirector-OperationsCosta TsoutsoplidesChief Financial OfficerClaus Usen JensenDirector-Technical ManagementBo WestergaardChief Commercial OfficerKey CompetitorsGenco Shipping & TradingNYSE:GNKTeekayNYSE:TKNavios Maritime PartnersNYSE:NMMTsakos Energy NavigationNYSE:TNPArdmore ShippingNYSE:ASCView All CompetitorsInsiders & InstitutionsJPMorgan Chase & Co.Bought 671 shares on 5/18/2023Ownership: 0.188%New York State Common Retirement FundSold 2,997 shares on 5/18/2023Ownership: 0.061%B. Riley Wealth Advisors Inc.Bought 4,779 shares on 5/17/2023Ownership: 0.113%Advisory Services Network LLCBought 1,287 shares on 5/17/2023Ownership: 0.011%Geode Capital Management LLCSold 3,763 shares on 5/16/2023Ownership: 1.614%View All Insider TransactionsView All Institutional Transactions EGLE Stock - Frequently Asked Questions Should I buy or sell Eagle Bulk Shipping stock right now? 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eagle Bulk Shipping in the last year. There are currently 7 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? 7 equities research analysts have issued twelve-month target prices for Eagle Bulk Shipping's stock. Their EGLE share price forecasts range from $60.00 to $84.00. On average, they predict the company's stock price to reach $70.50 in the next twelve months. This suggests a possible upside of 64.1% 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 2023. Since then, EGLE stock has decreased by 14.0% and is now trading at $42.95. 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, August 3rd 2023. View our EGLE earnings forecast. How were Eagle Bulk Shipping's earnings last quarter? Eagle Bulk Shipping Inc. (NASDAQ:EGLE) issued its quarterly earnings results on Thursday, November, 4th. The shipping company reported $4.52 earnings per share for the quarter, topping analysts' consensus estimates of $4.31 by $0.21. The shipping company had revenue of $153.12 million for the quarter, compared to analyst estimates of $137.85 million. Eagle Bulk Shipping had a trailing twelve-month return on equity of 24.29% and a net margin of 30.93%. During the same quarter last year, the company posted ($1.09) earnings per share. How often does Eagle Bulk Shipping pay dividends? What is the dividend yield for Eagle Bulk Shipping? Eagle Bulk Shipping announced a quarterly dividend on Friday, May 5th. Shareholders of record on Wednesday, May 17th will be given a dividend of $0.10 per share on Thursday, May 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Tuesday, May 16th. Read our dividend analysis for EGLE. What ETFs hold Eagle Bulk Shipping's stock? ETFs with the largest weight of Eagle Bulk Shipping (NASDAQ:EGLE) stock in their portfolio include SPDR S&P Transportation ETF (XTN), Global SuperDividend US ETF (DIV), Ballast Small/Mid Cap ETF (MGMT), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Roundhill Acquirers Deep Value ETF (DEEP), Global X SuperDividend ETF (SDIV), Hartford Multifactor Small Cap ETF (ROSC) and SonicShares Global Shipping ETF (BOAT). Is Eagle Bulk Shipping a good dividend stock? Eagle Bulk Shipping (NASDAQ:EGLE) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.94%. The dividend payout ratio is 3.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EGLE will have a dividend payout ratio of 5.80% 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." Who are Eagle Bulk Shipping's major shareholders? Eagle Bulk Shipping's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.81%), Dimensional Fund Advisors LP (6.28%), Mirae Asset Global Investments Co. Ltd. (2.84%), State Street Corp (2.78%), FMR LLC (2.47%) and First Trust Advisors LP (1.84%). Insiders that own company stock include Costanzo Frank De, Gary Vogel, Goldentree Asset Management Lp, Justin A Knowles, Oaktree Capital Group Holdings and Randee E Day. View institutional ownership trends. 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 $42.95. How much money does Eagle Bulk Shipping make? Eagle Bulk Shipping (NASDAQ:EGLE) has a market capitalization of $588.84 million and generates $719.85 million in revenue each year. The shipping company earns $248.01 million in net income (profit) each year or $12.28 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 6/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Eagle Bulk Shipping Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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