NASDAQ:EGLEEagle Bulk Shipping Stock Price, Forecast & News

$2.39

+0.09 (+3.91 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$2.39

Now: $2.39▼

$2.59

50-Day Range

$1.38

MA: $1.67▼

$2.30

52-Week Range

$1.27

Now: $2.39▼

$5.74

Volume1.06 million shs

Average Volume551,872 shs

Market Capitalization$183.43 million

P/E RatioN/A

Dividend YieldN/A

Beta1.2

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.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Eagle Bulk Shipping has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.42, Eagle Bulk Shipping has a potential upside of 84.8% from its current price of $2.39.
Amount of Analyst Coverage
Eagle Bulk Shipping has only been the subject of 4 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Eagle Bulk Shipping has received 282 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Eagle Bulk Shipping has received 360 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Eagle Bulk Shipping has received 56.07% “underperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Eagle Bulk Shipping does not currently pay a dividend.
Dividend Growth
Eagle Bulk Shipping does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Eagle Bulk Shipping insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.10% of the stock of Eagle Bulk Shipping is held by insiders.
Percentage Held by Institutions
87.60% of the stock of Eagle Bulk Shipping is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Eagle Bulk Shipping are expected to grow in the coming year, from ($0.30) to $0.01 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Eagle Bulk Shipping is -6.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Eagle Bulk Shipping is -6.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Eagle Bulk Shipping has a P/B Ratio of 0.38. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.56 out of 5 stars

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

CIK1322439

Webwww.eagleships.com

Phone203-276-8100

Debt

Debt-to-Equity Ratio0.96

Current Ratio1.35

Quick Ratio1.18

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$292.38 million

Price / Sales0.63

Cash Flow$0.53 per share

Price / Cash Flow4.54

Book Value$6.28 per share

Price / Book0.38

Profitability

EPS (Most Recent Fiscal Year)($0.25)

Net Income$-21,700,000.00

Net Margins-8.73%

Return on Equity-5.01%

Return on Assets-2.50%

Miscellaneous

EmployeesN/A

Outstanding Shares76,750,000

Market Cap$183.43 million

Next Earnings Date8/3/2020 (Estimated)

OptionableOptionable

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Eagle Bulk Shipping (NASDAQ:EGLE) Frequently Asked Questions

How has Eagle Bulk Shipping's stock been impacted by COVID-19 (Coronavirus)?

Eagle Bulk Shipping's stock was trading at $2.39 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, EGLE stock has increased by 0.0% and is now trading at $2.39. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Eagle Bulk Shipping?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eagle Bulk Shipping in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Eagle Bulk Shipping.

When is Eagle Bulk Shipping's next earnings date?

Eagle Bulk Shipping is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Eagle Bulk Shipping.

How were Eagle Bulk Shipping's earnings last quarter?

Eagle Bulk Shipping Inc. (NASDAQ:EGLE) announced its quarterly earnings data on Thursday, May, 7th. The shipping company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.15) by $0.10. The shipping company had revenue of $47.81 million for the quarter, compared to the consensus estimate of $47.15 million. Eagle Bulk Shipping had a negative net margin of 8.73% and a negative return on equity of 5.01%. View Eagle Bulk Shipping's earnings history.

What price target have analysts set for EGLE?

6 Wall Street analysts have issued 1-year target prices for Eagle Bulk Shipping's stock. Their forecasts range from $3.00 to $6.00. On average, they anticipate Eagle Bulk Shipping's stock price to reach $4.42 in the next year. This suggests a possible upside of 84.8% from the stock's current price. View analysts' price targets 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. " (5/14/2020)
2. Noble Financial analysts commented, "We view TSCO among the highest coveted retail CEO jobs available, a top notch candidate is likely, and a fresh perspective presents opportunities to keep TSCO ahead of a changing retail paradigm." (9/11/2019)

Has Eagle Bulk Shipping been receiving favorable news coverage?

Media stories about EGLE stock have trended very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Eagle Bulk Shipping earned a news impact score of -3.0 on InfoTrie's scale. They also assigned press coverage about the shipping company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutEagle Bulk Shipping.

Who are some of Eagle Bulk Shipping's key competitors?

Some companies that are related to Eagle Bulk Shipping include Star Bulk Carriers (SBLK), COSTAMARE INC/SH (CMRE), Torm (TRMD), Seacor (CKH), PAC BASIN SHIPP/ADR (PCFBY), DryShips (DRYS), Navigator (NVGS), Dorian LPG (LPG), Teekay (TK), Genco Shipping & Trading (GNK), TSAKOS ENERGY N/SH (TNP), Ardmore Shipping (ASC), Overseas Shipholding Group (OSG), Diana Shipping (DSX) and Capital Product Partners (CPLP). View all competitors.

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 PAC BASIN SHIPP/ADR (PCFBY), General Electric (GE), Bank of America (BAC), Advanced Micro Devices (AMD), DryShips (DRYS), Star Bulk Carriers (SBLK), Ford Motor (F), Chesapeake Energy (CHK), Cleveland-Cliffs (CLF) and Gevo (GEVO).

Who are Eagle Bulk Shipping's key executives?

Eagle Bulk Shipping's management team includes the following people:

Gary Scott Vogel, Chief Executive Officer & Director
Frank C. de Costanzo, Chief Financial Officer & Secretary
Archibald Morgan, Vice President & Head-Technical Management
Costa Tsoutsoplides, Director-Strategy & Business Development
Michael J. Mitchell, General Counsel

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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.93%), Geode Capital Management LLC (1.24%), State Street Corp (1.09%), Relyea Zuckerberg Hanson LLC (0.71%), Victory Capital Management Inc. (0.56%) and Victory Capital Management Inc. (0.56%). Company insiders that own Eagle Bulk Shipping stock include Gary Vogel, Goldentree Asset Management Lp, Oaktree Capital Group Holdings, Paul M Jr Leand and Steven A Tananbaum. View institutional ownership trends for Eagle Bulk Shipping.

Which institutional investors are selling Eagle Bulk Shipping stock?

EGLE stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Advisers LP, UBS Group AG, Bank of New York Mellon Corp, JPMorgan Chase & Co., and BlackRock Inc.. Company insiders that have sold Eagle Bulk Shipping company stock in the last year include Gary Vogel, and Goldentree Asset Management Lp. View insider buying and selling activity for Eagle Bulk Shipping.

Which institutional investors are buying Eagle Bulk Shipping stock?

EGLE stock was acquired by a variety of institutional investors in the last quarter, including Relyea Zuckerberg Hanson LLC, Invesco Ltd., State Street Corp, Parametric Portfolio Associates LLC, Geode Capital Management LLC, Nuveen Asset Management LLC, Wells Fargo & Company MN, and Victory Capital Management Inc.. Company insiders that have bought Eagle Bulk Shipping stock in the last two years include Goldentree Asset Management Lp, Oaktree Capital Group Holdings, and Paul M Jr Leand. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Eagle Bulk Shipping's stock price today?

One share of EGLE stock can currently be purchased for approximately $2.39.

How big of a company is Eagle Bulk Shipping?

Eagle Bulk Shipping has a market capitalization of $183.43 million and generates $292.38 million in revenue each year. The shipping company earns $-21,700,000.00 in net income (profit) each year or ($0.25) on an earnings per share basis.

What is Eagle Bulk Shipping's official website?

The official website for Eagle Bulk Shipping is www.eagleships.com.

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]

This page was last updated on 6/5/2020 by MarketBeat.com Staff