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Eagle Bulk Shipping - EGLE Stock Forecast, Price & News

$53.00
+2.01 (+3.94%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$51.20
$53.75
50-Day Range
$42.53
$76.47
52-Week Range
$36.21
$78.75
Volume
556,357 shs
Average Volume
395,333 shs
Market Capitalization
$725.73 million
P/E Ratio
2.74
Dividend Yield
15.69%
Price Target
$74.00

Eagle Bulk Shipping MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
39.8% Upside
$74.00 Price Target
Short Interest
Healthy
10.59% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.95
Upright™ Environmental Score
News Sentiment
0.41mentions of Eagle Bulk Shipping in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$235,897 Sold Last Quarter
Proj. Earnings Growth
-15.30%
From $18.17 to $15.39 Per Share

Overall MarketRank

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

2.64 out of 5 stars

Transportation Sector

24th out of 156 stocks

Deep Sea Foreign Transportation Of Freight Industry

9th out of 42 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EGLE shares. HC Wainwright increased their price objective on Eagle Bulk Shipping from $80.00 to $90.00 in a report on Monday, May 9th. StockNews.com raised Eagle Bulk Shipping from a "hold" rating to a "buy" rating in a report on Tuesday, June 14th. Clarkson Capital reaffirmed a "buy" rating on shares of Eagle Bulk Shipping in a report on Tuesday, June 14th. Jefferies Financial Group began coverage on Eagle Bulk Shipping in a research report on Wednesday, July 20th. They set a "buy" rating and a $64.00 price objective on the stock. Finally, Alliance Global Partners began coverage on Eagle Bulk Shipping in a research report on Wednesday, August 3rd. They set a "buy" rating and a $85.00 price objective on the stock. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $74.00.

Eagle Bulk Shipping Price Performance

NASDAQ:EGLE traded up $2.01 during trading hours on Monday, hitting $53.00. The company's stock had a trading volume of 1,276 shares, compared to its average volume of 394,247. The stock has a fifty day simple moving average of $55.09 and a 200-day simple moving average of $58.14. The company has a market capitalization of $725.73 million, a P/E ratio of 2.63 and a beta of 1.35. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.37 and a quick ratio of 1.16. Eagle Bulk Shipping has a twelve month low of $36.21 and a twelve month high of $78.75.

Eagle Bulk Shipping (NASDAQ:EGLE - Get Rating) last released its quarterly earnings data on Thursday, May 5th. The shipping company reported $3.97 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.01. The business had revenue of $140.77 million for the quarter, compared to analyst estimates of $134.93 million. Eagle Bulk Shipping had a return on equity of 44.68% and a net margin of 41.71%. During the same period last year, the firm posted $0.84 earnings per share. On average, analysts anticipate that Eagle Bulk Shipping will post 18.17 EPS for the current fiscal year.

Insider Activity at Eagle Bulk Shipping

In other news, CFO Costanzo Frank De sold 3,022 shares of Eagle Bulk Shipping stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $78.06, for a total transaction of $235,897.32. Following the sale, the chief financial officer now directly owns 52,323 shares of the company's stock, valued at $4,084,333.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is currently owned by insiders.

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EGLE Stock News Headlines

Eagle Bulk Shipping (EGLE) to Release Earnings on Thursday
Eagle Bulk Shipping (NASDAQ:EGLE) Shares Down 2.8%
Eagle Bulk Shipping: A Risky Shipping Play
Best Value Stocks to Buy for June 21st
Best Value Stocks to Buy for June 17th
See More Headlines
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EGLE Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 5/25 Dividend
5/13/2022
Dividend Payable
5/25/2022
Today
8/08/2022
Ex-Dividend for 8/26 Dividend
8/15/2022
Dividend Payable
8/26/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

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
$74.00
High Stock Price Forecast
$90.00
Low Stock Price Forecast
$64.00
Forecasted Upside/Downside
+39.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$184.90 million
Pretax Margin
33.43%

Debt

Sales & Book Value

Annual Sales
$594.54 million
Cash Flow
$20.46 per share
Book Value
$49.39 per share

Miscellaneous

Free Float
13,392,000
Market Cap
$725.73 million
Optionable
Optionable
Beta
1.35














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 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.
View EGLE analyst ratings
or view top-rated stocks.

What is Eagle Bulk Shipping's stock price forecast for 2022?

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.
View analysts price targets for EGLE
or view top-rated stocks among Wall Street analysts.

How has Eagle Bulk Shipping's stock performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is Eagle Bulk Shipping's next earnings date?

Eagle Bulk Shipping is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our EGLE earnings forecast
.

How were Eagle Bulk Shipping's earnings last quarter?

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.

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, 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
.

Is Eagle Bulk Shipping a good dividend stock?

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.

When did Eagle Bulk Shipping's stock split?

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.

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 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.
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 $52.44.

How much money does Eagle Bulk Shipping make?

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.

How many employees does Eagle Bulk Shipping have?

Eagle Bulk Shipping 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 8/8/2022 by MarketBeat.com Staff

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