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Eagle Bulk Shipping - EGLE Stock Forecast, Price & News

$50.72
+0.55 (+1.10%)
(As of 12/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$49.82
$51.45
50-Day Range
$44.23
$55.49
52-Week Range
$37.05
$78.75
Volume
187,626 shs
Average Volume
369,022 shs
Market Capitalization
$693.90 million
P/E Ratio
2.64
Dividend Yield
14.35%
Price Target
$75.50

Eagle Bulk Shipping MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
48.9% Upside
$75.50 Price Target
Short Interest
Bearish
12.13% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.84
Upright™ Environmental Score
News Sentiment
0.44mentions of Eagle Bulk Shipping in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-43.77%
From $16.70 to $9.39 Per Share

Overall MarketRank

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

2.33 out of 5 stars

Transportation Sector

49th out of 123 stocks

Deep Sea Foreign Transportation Of Freight Industry

19th 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, 2021, the company owned and operated a fleet of 53 vessels. Eagle Bulk Shipping Inc. was incorporated in 2005 and is headquartered in Stamford, Connecticut.

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EGLE Stock News Headlines

Can ZIM Defy Broad Downturn In The Container Shipping Industry? (EGLE)
ZIM Integrated Shipping Services is an example of what’s befallen its industry. The stock is down 33.58% in the past three months and 17.48% year-to-date.
Eagle Bulk Shipping: Dividend Trends By The Numbers
Bear of the Day: Eagle Bulk Shipping (EGLE)
Why Are Shipping Stocks GNK, EGLE, SBLK, ZIM Up Today?
Eagle Bulk Shipping Inc. (EGLE)
See More Headlines
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EGLE Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 11/23 Dividend
11/14/2022
Dividend Payable
11/23/2022
Today
12/09/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/02/2023

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
$75.50
High Stock Price Forecast
$90.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+48.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$184.90 million
Pretax Margin
41.46%

Debt

Sales & Book Value

Annual Sales
$594.54 million
Cash Flow
$20.62 per share
Book Value
$49.39 per share

Miscellaneous

Free Float
13,380,000
Market Cap
$693.90 million
Optionable
Optionable
Beta
1.33

Key Executives

  • Mr. Gary S. VogelMr. Gary S. Vogel (Age 56)
    CEO & Director
    Comp: $1.8M
  • Mr. Frank C. De Costanzo (Age 59)
    CFO & Sec.
    Comp: $759.42k
  • Mr. Michael J. Mitchell
    Gen. Counsel
  • Jonathan Dowsett
    Head of Performance Management & Optimization
  • Mr. Bo Westergaard (Age 54)
    Chief Commercial Officer
  • Mr. Costa Tsoutsoplides
    Chief Strategy Officer













EGLE Stock - Frequently Asked Questions

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

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Eagle Bulk Shipping in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street research 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?

6 Wall Street analysts have issued twelve-month price targets for Eagle Bulk Shipping's stock. Their EGLE share price forecasts range from $60.00 to $90.00. On average, they expect the company's share price to reach $75.50 in the next twelve months. This suggests a possible upside of 48.0% 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 2022?

Eagle Bulk Shipping's stock was trading at $45.50 at the beginning of the year. Since then, EGLE shares have increased by 12.2% and is now trading at $51.03.
View the best growth stocks for 2022 here
.

When is Eagle Bulk Shipping's next earnings date?

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

How were Eagle Bulk Shipping's earnings last quarter?

Eagle Bulk Shipping Inc. (NASDAQ:EGLE) announced its quarterly earnings results on Thursday, November, 4th. The shipping company reported $4.52 EPS 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 net margin of 41.46% and a trailing twelve-month return on equity of 39.29%. During the same quarter in the prior year, the business posted ($1.09) EPS.

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, November 3rd. Investors of record on Tuesday, November 15th will be paid a dividend of $1.80 per share on Wednesday, November 23rd. This represents a $7.20 annualized dividend and a yield of 14.11%. The ex-dividend date is Monday, November 14th.
Read our dividend analysis for EGLE
.

Is Eagle Bulk Shipping a good dividend stock?

Eagle Bulk Shipping (NASDAQ:EGLE) pays an annual dividend of $7.20 per share and currently has a dividend yield of 14.86%. EGLE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 37.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, EGLE will have a dividend payout ratio of 76.68% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for EGLE.

When did Eagle Bulk Shipping's stock split?

Eagle Bulk Shipping's stock reverse split before market open on 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 closing bell 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 shareholders include BlackRock Inc. (6.74%), Dimensional Fund Advisors LP (5.17%), Vanguard Group Inc. (3.71%), State Street Corp (3.67%), Marshall Wace LLP (2.27%) and Renaissance Technologies LLC (1.66%). Insiders that own company stock include Costanzo Frank De, Gary Vogel, Goldentree Asset Management Lp, 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 $51.03.

How much money does Eagle Bulk Shipping make?

Eagle Bulk Shipping (NASDAQ:EGLE) has a market capitalization of $698.09 million and generates $594.54 million in revenue each year. The shipping company earns $184.90 million in net income (profit) each year or $19.21 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 12/9/2022 by MarketBeat.com Staff