Eagle Bulk Shipping - EGLE Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Eagle Bulk Shipping in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" EGLE shares.
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6 brokerages have issued twelve-month price objectives for Eagle Bulk Shipping's stock. Their EGLE stock forecasts range from $64.00 to $90.00. On average, they anticipate the company's stock price to reach $74.00 in the next year. This suggests a possible upside of 41.1% from the stock's current price.
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Eagle Bulk Shipping's stock was trading at $45.50 at the start of the year. Since then, EGLE shares have increased by 15.3% and is now trading at $52.44.
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Eagle Bulk Shipping is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Eagle Bulk Shipping Inc. (NASDAQ:EGLE) released 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 earned $153.12 million during the quarter, compared to the consensus estimate of $137.85 million. Eagle Bulk Shipping had a net margin of 41.71% and a trailing twelve-month return on equity of 44.68%. During the same period last year, the business earned ($1.09) earnings per share.

Eagle Bulk Shipping declared a quarterly dividend on Thursday, May 5th. Investors of record on Monday, May 16th will be given a dividend of $2.00 per share on Wednesday, May 25th. This represents a $8.00 annualized dividend and a dividend yield of 15.26%. The ex-dividend date is Friday, May 13th.
Read our dividend analysis for EGLE.

Eagle Bulk Shipping (NASDAQ:EGLE) pays an annual dividend of $8.00 per share and currently has a dividend yield of 15.69%. EGLE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 41.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EGLE will have a dividend payout ratio of 51.98% 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 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.

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 retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (1.83%), CHURCHILL MANAGEMENT Corp (1.38%), Relyea Zuckerberg Hanson LLC (0.84%), Royce & Associates LP (0.69%), Prospera Financial Services Inc (0.45%) and Paradiem LLC (0.40%). Insiders that own company stock include Costanzo Frank De, Gary Vogel, Goldentree Asset Management Lp, Oaktree Capital Group Holdings, Paul M Jr Leand 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 $52.44.

Eagle Bulk Shipping (NASDAQ:EGLE) has a market capitalization of $718.06 million and generates $594.54 million in revenue each year. The shipping company earns $184.90 million in net income (profit) each year or $19.36 on an earnings per share basis.

Eagle Bulk Shipping 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.