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

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.

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.

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

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.

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%.

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.

ETFs with the largest weight of Eagle Bulk Shipping (NASDAQ:EGLE) stock in their portfolio include SPDR S&P Transportation ETF (XTN), Ballast Small/Mid Cap ETF (MGMT), SonicShares Global Shipping ETF (BOAT), Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) and iShares U.S. Transportation ETF (IYT).Direxion Daily Transportation Bull 3X Shares (TPOR).

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.

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.

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.

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).

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

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

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.

The company employs 1,000 workers across the globe.

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.