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

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.

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.

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.

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.

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 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.
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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 $51.03.

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.

The company 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.