Eagle Bulk Shipping Inc. is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels. The Company owns Supramax dry bulk vessel. Supramax dry bulk vessels range in size from 50,000 to 60,000 deadweight tons. These vessels have the cargo loading and unloading flexibility of on-board cranes while offering cargo carrying capacities approaching that of Panamax dry bulk vessels, which range in size from 60,000 to 100,000 deadweight tons and must rely on port facilities to load and offload their cargoes. On July 26, 2011 the Company sold its the Heron, a Supramax class of vessel.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
SymbolNASDAQ:EGLE
CUSIPN/A
Phone203-276-8100
Debt
Debt-to-Equity Ratio0.64
Current Ratio2.76
Quick Ratio2.48
Price-To-Earnings
Trailing P/E Ratio-12.20
Forward P/E Ratio25.70
P/E GrowthN/A
Sales & Book Value
Annual Sales$236.79 million
Price / Sales1.59
Cash Flow$0.1294 per share
Price / Cash39.73
Book Value$6.22 per share
Price / Book0.83
Profitability
EPS (Most Recent Fiscal Year)($0.42)
Net Income$-43,790,000.00
Net Margins-8.00%
Return on Equity-1.79%
Return on Assets-1.03%
Miscellaneous
Employees941
Outstanding Shares73,040,000
Market Cap$394.40 million
Eagle Bulk Shipping (NASDAQ:EGLE) Frequently Asked Questions
What is Eagle Bulk Shipping's stock symbol?
Eagle Bulk Shipping trades on the NASDAQ under the ticker symbol "EGLE."
How were Eagle Bulk Shipping's earnings last quarter?
Eagle Bulk Shipping Inc. (NASDAQ:EGLE) issued its earnings results on Tuesday, August, 7th. The shipping company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by $0.01. The shipping company had revenue of $57.73 million for the quarter, compared to the consensus estimate of $57.76 million. Eagle Bulk Shipping had a negative net margin of 8.00% and a negative return on equity of 1.79%. View Eagle Bulk Shipping's Earnings History.
When is Eagle Bulk Shipping's next earnings date?
What price target have analysts set for EGLE?
6 analysts have issued 1 year price objectives for Eagle Bulk Shipping's shares. Their forecasts range from $6.00 to $7.50. On average, they expect Eagle Bulk Shipping's share price to reach $6.90 in the next twelve months. This suggests a possible upside of 34.5% from the stock's current price. View Analyst Price Targets for Eagle Bulk Shipping.
What is the consensus analysts' recommendation for Eagle Bulk Shipping?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eagle Bulk Shipping in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Eagle Bulk Shipping.
What are Wall Street analysts saying about Eagle Bulk Shipping stock?
Here are some recent quotes from research analysts about Eagle Bulk Shipping stock:
- 1. According to Zacks Investment Research, "Eagle Bulk Shipping is the largest U.S. based owner of Handymax dry bulk vessels. Handymax dry bulk vessels range in size from 35,000 to 60,000 deadweight tons, or dwt, and transport a broad range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. " (8/10/2018)
- 2. Maxim Group analysts commented, "After the market close, Eagle Bulk Shipping (EGLE) reported mixed 1Q18 results; gross and net revenue beat our forecast, EBITDA missed and EPS was in line with our view. The company reported a fleet-wide net time charter-equivalent (TCE) rate of $11,052 per vessel/day in 1Q18, a 41% increase over the $7,825 per vessel/day achieved during 1Q17. The company preannounced that 70% of 2Q18 days have been fixed at a TCE rate of $11,234 per vessel/day which is in line with the 2Q18 avg. rate of $11,795 per vessel/day, and in line with our $11,358 per vessel/day estimate for 2Q18. Management will host an earnings call tomorrow morning at 8am ET.." (5/9/2018)
Who are some of Eagle Bulk Shipping's key competitors?
Some companies that are related to Eagle Bulk Shipping include Euronav (EURN), Pac BASIN SHIPP/ADR (PCFBY), SEASPAN Corp/SH SH (SSW), Seacor (CKH), Frontline (FRO), Star Bulk Carriers (SBLK), COSTAMARE Inc/SH (CMRE), Scorpio Tankers (STNG), Teekay (TK), Navigator (NVGS), DHT (DHT), Genco Shipping & Trading (GNK), Gener8 Maritime (GNRT), Scorpio Bulkers (SALT) and DryShips (DRYS).
Has Eagle Bulk Shipping been receiving favorable news coverage?
Media coverage about EGLE stock has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Eagle Bulk Shipping earned a news and rumor sentiment score of 0.09 on Accern's scale. They also assigned news articles about the shipping company an impact score of 47.04 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for Eagle Bulk Shipping.
Who are Eagle Bulk Shipping's major shareholders?
Eagle Bulk Shipping's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (3.21%), Renaissance Technologies LLC (1.68%), Royce & Associates LP (1.38%), Dimensional Fund Advisors LP (1.26%), Benefit Street Partners LLC (1.22%) and Millennium Management LLC (1.19%). Company insiders that own Eagle Bulk Shipping stock include Goldentree Asset Management Lp and Oaktree Capital Group Holdings. View Institutional Ownership Trends for Eagle Bulk Shipping.
Which major investors are selling Eagle Bulk Shipping stock?
Which major investors are buying Eagle Bulk Shipping stock?
EGLE stock was bought by a variety of institutional investors in the last quarter, including Signia Capital Management LLC, BlackRock Inc., Renaissance Technologies LLC, Royce & Associates LP, Dimensional Fund Advisors LP, Citadel Advisors LLC, Acadian Asset Management LLC and Victory Capital Management Inc.. View Insider Buying and Selling for Eagle Bulk Shipping.
How do I buy shares of Eagle Bulk Shipping?
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, Scottrade, Fidelity and Charles Schwab.
What is Eagle Bulk Shipping's stock price today?
One share of EGLE stock can currently be purchased for approximately $5.13.
How big of a company is Eagle Bulk Shipping?
Eagle Bulk Shipping has a market capitalization of $394.40 million and generates $236.79 million in revenue each year. The shipping company earns $-43,790,000.00 in net income (profit) each year or ($0.42) on an earnings per share basis. Eagle Bulk Shipping employs 941 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 shipping company can be reached via phone at 203-276-8100 or via email at [email protected]
MarketBeat Community Rating for Eagle Bulk Shipping (NASDAQ EGLE)
MarketBeat's community ratings are surveys of what our community members think about Eagle Bulk Shipping and other stocks. Vote "Outperform" if you believe EGLE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EGLE will underperform the S&P 500 over the long term. You may vote once every thirty days.
