Eagle Bulk Shipping, Inc. is a holding company, which engages in the ocean transportation of a broad range of dry bulk cargoes worldwide through the ownership, charter, and operation of dry bulk vessels. It operates Supramax and Handymax vessels that transport minor and major bulk cargoes, including iron ore, coal, grain, cement, and fertilizer. The company was founded by Sophocles N. Zoullas on March 23, 2005 and is headquartered in Stamford, CT.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
Current SymbolNASDAQ:EGLE
Previous Symbol
CUSIPN/A
Phone203-276-8100
Debt
Debt-to-Equity Ratio0.63
Current Ratio2.16
Quick Ratio1.91
Price-To-Earnings
Trailing P/E Ratio-10.43
Forward P/E Ratio21.85
P/E GrowthN/A
Sales & Book Value
Annual Sales$236.79 million
Price / Sales1.35
Cash Flow$0.1258 per share
Price / Cash34.73
Book Value$6.22 per share
Price / Book0.70
Profitability
EPS (Most Recent Fiscal Year)($0.42)
Net Income$-43,790,000.00
Net Margins-3.52%
Return on Equity0.96%
Return on Assets0.55%
Miscellaneous
Employees941
Outstanding Shares73,040,000
Market Cap$344.74 million
OptionableOptionable
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 quarterly earnings data on Tuesday, November, 6th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. The shipping company earned $53.97 million during the quarter, compared to the consensus estimate of $57.49 million. Eagle Bulk Shipping had a negative net margin of 3.52% and a positive return on equity of 0.96%. View Eagle Bulk Shipping's Earnings History.
When is Eagle Bulk Shipping's next earnings date?
What price target have analysts set for EGLE?
7 analysts have issued 12 month price targets for Eagle Bulk Shipping's stock. Their forecasts range from $6.00 to $8.50. On average, they expect Eagle Bulk Shipping's share price to reach $7.1667 in the next year. This suggests a possible upside of 64.0% from the stock's current price. View Analyst Price Targets for Eagle Bulk Shipping.
What is the consensus analysts' recommendation for Eagle Bulk Shipping?
7 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 6 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. " (11/6/2018)
- 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)
Has Eagle Bulk Shipping been receiving favorable news coverage?
News articles about EGLE stock have trended somewhat positive this week, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Eagle Bulk Shipping earned a media sentiment score of 1.5 on InfoTrie's scale. They also gave news headlines about the shipping company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future.
Are investors shorting Eagle Bulk Shipping?
Eagle Bulk Shipping saw a decline in short interest in the month of October. As of October 31st, there was short interest totalling 488,629 shares, a decline of 29.7% from the October 15th total of 694,590 shares. Based on an average trading volume of 314,317 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.7% of the company's shares are short sold. View Eagle Bulk Shipping's Current Options Chain.
Who are some of Eagle Bulk Shipping's key competitors?
Some companies that are related to Eagle Bulk Shipping include SEASPAN Corp/SH SH (SSW), Frontline (FRO), Pac BASIN SHIPP/ADR (PCFBY), Scorpio Tankers (STNG), Seacor (CKH), Navigator (NVGS), DHT (DHT), Star Bulk Carriers (SBLK), COSTAMARE Inc/SH (CMRE), DryShips (DRYS), Teekay (TK), Scorpio Bulkers (SALT), Dorian LPG (LPG), Genco Shipping & Trading (GNK) and SEACOR Marine (SMHI).
Who are Eagle Bulk Shipping's key executives?
Eagle Bulk Shipping's management team includes the folowing people:
- Gary Scott Vogel, Chief Executive Officer & Director
- Frank C. de Costanzo, Chief Financial Officer & Secretary
Who are Eagle Bulk Shipping's major shareholders?
Eagle Bulk Shipping's stock is owned by a number of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (1.69%), Renaissance Technologies LLC (1.59%), Royce & Associates LP (1.50%), Victory Capital Management Inc. (0.34%), Morgan Stanley (0.31%) and Bank of New York Mellon Corp (0.24%). 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?
EGLE stock was sold by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, Acadian Asset Management LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Renaissance Technologies LLC and Morgan Stanley. View Insider Buying and Selling for Eagle Bulk Shipping.
Which major investors are buying Eagle Bulk Shipping stock?
EGLE stock was bought by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Bridgeway Capital Management Inc., Bailard Inc., Credit Suisse AG, Royce & Associates LP, Dynamic Technology Lab Private Ltd, Jane Street Group LLC and Bank of New York Mellon Corp. Company insiders that have bought Eagle Bulk Shipping stock in the last two years include Goldentree Asset Management Lp and Oaktree Capital Group Holdings. 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 $4.37.
How big of a company is Eagle Bulk Shipping?
Eagle Bulk Shipping has a market capitalization of $344.74 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.
What is Eagle Bulk Shipping's official website?
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.
