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

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.

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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our EGLE earnings forecast.

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.

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.

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).

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.

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."

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.
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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 $42.95.

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.

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.