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About Eagle Bulk Shipping (NASDAQ:EGLE)
Eagle Bulk Shipping Inc. is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels. The Company owns Supramax dry bulk vessel. Supramax dry bulk vessels range in size from 50,000 to 60,000 deadweight tons. These vessels have the cargo loading and unloading flexibility of on-board cranes while offering cargo carrying capacities approaching that of Panamax dry bulk vessels, which range in size from 60,000 to 100,000 deadweight tons and must rely on port facilities to load and offload their cargoes. On July 26, 2011 the Company sold its the Heron, a Supramax class of vessel.
Industry, Sector and Symbol
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
SymbolNASDAQ:EGLE
CUSIPN/A
Phone203-276-8100
Debt
Debt-to-Equity Ratio0.67
Current Ratio2.82
Quick Ratio2.47
Price-To-Earnings
Trailing P/E Ratio-13.10
Forward P/E Ratio17.74
P/E GrowthN/A
Sales & Book Value
Annual Sales$236.79 million
Price / Sales1.70
Cash Flow$0.1359 per share
Price / Cash40.46
Book Value$6.35 per share
Price / Book0.87
Profitability
EPS (Most Recent Fiscal Year)($0.42)
Net Income$-43,790,000.00
Net Margins-12.09%
Return on Equity-3.76%
Return on Assets-2.18%
Miscellaneous
Employees941
Outstanding Shares73,010,000
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) announced its quarterly earnings data on Wednesday, May, 9th. The shipping company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The shipping company earned $56.86 million during the quarter, compared to analyst estimates of $57.24 million. Eagle Bulk Shipping had a negative return on equity of 3.76% and a negative net margin of 12.09%. View Eagle Bulk Shipping's Earnings History.
When is Eagle Bulk Shipping's next earnings date?
What price target have analysts set for EGLE?
3 Wall Street analysts have issued 12 month price objectives for Eagle Bulk Shipping's shares. Their predictions range from $6.00 to $7.00. On average, they expect Eagle Bulk Shipping's share price to reach $6.3333 in the next year. 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. " (5/15/2018)
- 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)
Who are some of Eagle Bulk Shipping's key competitors?
Some companies that are related to Eagle Bulk Shipping include Ship Finance International (SFL), Euronav (EURN), Pacific Basin Ship (PCFBY), Seaspan (SSW), Seacor (CKH), Scorpio Tankers (STNG), Star Bulk Carriers (SBLK), Costamare (CMRE), Teekay (TK), Frontline (FRO), Navigator (NVGS), Genco Shipping & Trading (GNK), Scorpio Bulkers (SALT), Double Hull Tankers (DHT) and General Maritime (GNRT).
Has Eagle Bulk Shipping been receiving favorable news coverage?
News stories about EGLE stock have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Eagle Bulk Shipping earned a news sentiment score of 0.18 on Accern's scale. They also assigned news articles about the shipping company an impact score of 50.21 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the immediate future.
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 shareholders include BlackRock Inc. (2.34%), Millennium Management LLC (1.43%), Dimensional Fund Advisors LP (0.70%), JPMorgan Chase & Co. (0.42%), Q Global Advisors LLC (0.36%) and Citadel Advisors LLC (0.13%). 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 institutional investors are selling Eagle Bulk Shipping stock?
Which institutional investors are buying Eagle Bulk Shipping stock?
EGLE stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Dimensional Fund Advisors LP, JPMorgan Chase & Co., Acorn Advisory Capital L.P., Citadel Advisors LLC, A.R.T. Advisors LLC, Oppenheimer & Co. Inc. and Engineers Gate Manager LP. 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 $5.50.
How big of a company is Eagle Bulk Shipping?
Eagle Bulk Shipping has a market capitalization of $401.53 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.
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 (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.
Eagle Bulk Shipping (NASDAQ:EGLE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
3 Wall Street analysts have issued ratings and price targets for Eagle Bulk Shipping in the last 12 months. Their average twelve-month price target is $6.3333, suggesting that the stock has a possible upside of 15.15%. The high price target for EGLE is $7.00 and the low price target for EGLE is $6.00. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.67 | 2.67 | 2.75 | 2.50 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $6.3333 | $6.00 | $6.25 | $6.00 |
| Price Target Upside: | 15.15% upside | 20.00% upside | 23.27% upside | 36.36% upside |
Eagle Bulk Shipping (NASDAQ:EGLE) Consensus Price Target History
Eagle Bulk Shipping (NASDAQ:EGLE) Analyst Ratings History
Show:
(Data available from 5/20/2016 forward)
Eagle Bulk Shipping (NASDAQ:EGLE) Earnings History and Estimates Chart
Eagle Bulk Shipping (NASDAQ:EGLE) Earnings Estimates
2018 EPS Consensus Estimate: ($0.20)
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2018 | 1 | $0.06 | $0.06 | $0.06 |
| Q2 2018 | 1 | ($0.09) | ($0.09) | ($0.09) |
| Q3 2018 | 1 | ($0.09) | ($0.09) | ($0.09) |
| Q4 2018 | 1 | ($0.08) | ($0.08) | ($0.08) |
| Q2 2019 | 1 | $0.27 | $0.27 | $0.27 |
| Q3 2019 | 1 | $0.28 | $0.28 | $0.28 |
| Q4 2019 | 1 | $0.27 | $0.27 | $0.27 |
Eagle Bulk Shipping (NASDAQ EGLE) Earnings History by Quarter
| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 8/6/2018 | | ($0.01) | | | | | N/A |  |
| 5/9/2018 | Q1 2018 | $0.04 | $0.05 | $57.24 million | $56.86 million | View | N/A | |
| 3/5/2018 | Q4 2017 | ($0.03) | ($0.02) | $58.34 million | $74.59 million | View | Listen | |
| 11/2/2017 | Q3 2017 | ($0.09) | ($0.15) | $38.14 million | $62.71 million | View | N/A | |
| 8/7/2017 | Q2 2017 | ($0.09) | ($0.08) | $34.40 million | $53.63 million | View | N/A | |
| 5/8/2017 | Q1 2017 | ($0.22) | ($0.17) | $31.30 million | $45.86 million | View | Listen | |
| 3/30/2017 | Q4 2016 | ($0.26) | ($0.41) | $30.04 million | $41.84 million | View | N/A | |
| 11/8/2016 | Q316 | | ($0.52) | $29.10 million | $35.80 million | View | Listen | |
| 8/8/2016 | Q216 | | ($9.98) | $22.70 million | $25.60 million | View | Listen | |
| 5/10/2016 | Q1 2016 | | ($14.60) | | $21.28 million | View | N/A | |
| 3/30/2016 | Q4 2015 | | ($42.40) | | $25.74 million | View | N/A | |
| 11/16/2015 | Q3 | | ($0.54) | $29.80 million | $29.10 million | View | N/A | |
| 8/14/2015 | Q215 | | ($0.73) | | $22.70 million | View | N/A | |
| 5/15/2015 | Q1 2015 | | ($10.60) | | $26.33 million | View | N/A | |
| 8/14/2014 | Q2 2014 | | ($3,944.44) | | $42.38 million | View | N/A | |
| 5/15/2014 | Q1 2014 | ($2,611.11) | ($2,444.44) | $44.43 million | $45.80 million | View | N/A | |
| 4/15/2014 | Q4 2013 | ($2,611.11) | ($3,407.41) | | $47.00 million | View | N/A | |
| 11/13/2013 | Q3 2013 | ($3,574.07) | ($4,500.00) | $35.06 million | $38.98 million | View | N/A | |
| 8/7/2013 | Q2 2013 | ($1.83) | ($0.18) | $39.98 million | $44.20 million | View | Listen | |
| 5/15/2013 | Q1 2013 | ($2.10) | $0.08 | $38.27 million | $72.22 million | View | Listen | |
| 4/1/2013 | Q4 2012 | ($1.93) | ($1.92) | $42.79 million | $42.80 million | View | Listen | |
| 11/8/2012 | Q312 | ($1.79) | ($1.77) | $41.88 million | $46.90 million | View | N/A | |
| 8/8/2012 | | ($1.40) | ($1.46) | | | View | N/A | |
| 5/9/2012 | | ($0.32) | ($0.28) | | | View | N/A | |
| 3/14/2012 | Q4 2011 | ($518.52) | ($200.00) | | | View | N/A | |
| 11/7/2011 | | ($0.05) | ($0.09) | | | View | N/A | |
| 8/3/2011 | | ($0.03) | ($0.02) | | | View | N/A | |
| 5/9/2011 | | ($0.10) | ($0.09) | | | View | N/A | |
| 3/2/2011 | | $0.03 | $0.05 | | | View | N/A | |
| 11/8/2010 | Q3 2010 | $518.52 | $933.33 | | | View | N/A | |
| 8/4/2010 | Q2 2010 | $740.74 | $1,311.11 | | | View | N/A | |
| 5/6/2010 | Q1 2010 | $444.44 | $540.74 | | | View | N/A | |
| 3/2/2010 | Q4 2009 | $74.07 | $259.26 | | | View | N/A | |
| 11/4/2009 | Q3 2009 | $222.22 | $459.26 | | | View | N/A | |
| 8/5/2009 | Q2 2009 | $2,074.07 | $1,888.89 | | | View | N/A | |
| 5/6/2009 | Q1 2009 | $2,740.74 | $2,711.11 | | | View | N/A | |
| 3/2/2009 | Q4 2008 | $2,740.74 | $2,392.59 | | | View | N/A | |
| 11/5/2008 | Q3 2008 | $3,259.26 | $3,651.85 | | | View | N/A | |
| 8/6/2008 | Q2 2008 | $2,370.37 | $2,340.74 | | | View | N/A | |
| 5/6/2008 | Q1 2008 | $2,444.44 | $2,281.48 | | | View | N/A | |
| 2/27/2008 | Q4 2007 | $2,592.59 | $2,577.78 | | | View | N/A | |
(Earnings results data provided by Zacks Investment Research)
Eagle Bulk Shipping (NASDAQ:EGLE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Eagle Bulk Shipping (NASDAQ EGLE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.90%
Institutional Ownership Percentage: 28.10%
Eagle Bulk Shipping (NASDAQ EGLE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/25/2018 | Goldentree Asset Management Lp | Major Shareholder | Sell | 48,000 | $5.23 | $251,040.00 | | |
| 1/20/2017 | Oaktree Capital Group Holdings | Major Shareholder | Buy | 7,600,000 | $4.50 | $34,200,000.00 | | |
| 8/10/2016 | Goldentree Asset Management Lp | Insider | Buy | 713,910 | $3.00 | $2,141,730.00 | | |
| 7/9/2015 | Goldentree Asset Management Lp | Major Shareholder | Buy | 2,140 | $7.48 | $16,007.20 | | |
| 4/6/2015 | Goldentree Asset Management Lp | Major Shareholder | Buy | 500,000 | $8.50 | $4,250,000.00 | | |
| 4/2/2015 | Steven A Tananbaum | Major Shareholder | Buy | 28,162 | $7.84 | $220,790.08 | | |
| 3/20/2015 | Goldentree Asset Management Lp | Major Shareholder | Buy | 250,000 | $9.00 | $2,250,000.00 | | |
| 3/17/2015 | Goldentree Asset Management Lp | Major Shareholder | Buy | 110,550 | $9.20 | $1,017,060.00 | | |
| 3/6/2015 | Goldentree Asset Management Lp | Major Shareholder | Buy | 35,622 | $9.43 | $335,915.46 | | |
| 2/2/2015 | Goldentree Asset Management Lp | Major Shareholder | Buy | 565,000 | $9.66 | $5,457,900.00 | | |
| 8/19/2013 | Sophocles Zoullas | CEO | Sell | 127,229 | $3.44 | $437,667.76 | 513,382 | |
(Data available from 1/1/2013 forward)
Eagle Bulk Shipping (NASDAQ EGLE) News Headlines
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Eagle Bulk Shipping (NASDAQ:EGLE) SEC Filings
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Eagle Bulk Shipping (NASDAQ:EGLE) Income Statement, Balance Sheet and Cash Flow Statement
Eagle Bulk Shipping (NASDAQ EGLE) Stock Chart for Sunday, May, 20, 2018
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