Eagle Bulk Shipping - EGLE Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Eagle Bulk Shipping in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EGLE shares.
View EGLE analyst ratings or view top-rated stocks.

7 analysts have issued 1 year target prices 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 $74.71 in the next twelve months. This suggests a possible upside of 62.7% from the stock's current price.
View analysts price targets for EGLE or view top-rated stocks among Wall Street analysts.

Eagle Bulk Shipping's stock was trading at $49.94 on January 1st, 2023. Since then, EGLE stock has decreased by 8.0% and is now trading at $45.93.
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Eagle Bulk Shipping saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 1,420,000 shares, a decrease of 6.6% from the February 28th total of 1,520,000 shares. Based on an average daily trading volume, of 301,000 shares, the short-interest ratio is presently 4.7 days.
View Eagle Bulk Shipping's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our EGLE earnings forecast.

Eagle Bulk Shipping Inc. (NASDAQ:EGLE) announced its quarterly earnings data on Thursday, November, 4th. The shipping company reported $4.52 EPS for the quarter, beating analysts' consensus estimates of $4.31 by $0.21. The shipping company had revenue of $153.12 million for the quarter, compared to analysts' expectations of $137.85 million. Eagle Bulk Shipping had a net margin of 34.45% and a trailing twelve-month return on equity of 33.10%. During the same quarter in the prior year, the company posted ($1.09) earnings per share.

Eagle Bulk Shipping declared a quarterly dividend on Monday, March 6th. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.60 per share on Thursday, March 23rd. This represents a $2.40 annualized dividend and a yield of 5.23%. The ex-dividend date is Tuesday, March 14th.
Read our dividend analysis for EGLE.

ETFs with the largest weight of Eagle Bulk Shipping (NASDAQ:EGLE) stock in their portfolio include SPDR S&P Transportation ETF (XTN), Global SuperDividend US ETF (DIV), Ballast Small/Mid Cap ETF (MGMT), Roundhill Acquirers Deep Value ETF (DEEP), Global X SuperDividend ETF (SDIV), Hartford Multifactor Small Cap ETF (ROSC), SonicShares Global Shipping ETF (BOAT) and First Trust Active Factor Small Cap ETF (AFSM).

Eagle Bulk Shipping (NASDAQ:EGLE) pays an annual dividend of $2.40 per share and currently has a dividend yield of 5.04%. EGLE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 15.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EGLE will have a dividend payout ratio of 32.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EGLE.

Eagle Bulk Shipping shares reverse split 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 variety of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (5.52%), Marshall Wace LLP (2.49%), Renaissance Technologies LLC (2.11%), Gratus Capital LLC (1.73%), Geode Capital Management LLC (1.65%) and American Century Companies Inc. (1.00%). Insiders that own company stock include Costanzo Frank De, Gary Vogel, Goldentree Asset Management Lp, Justin A Knowles, Oaktree Capital Group Holdings and Randee E Day.
View institutional ownership trends.

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 $45.93.

Eagle Bulk Shipping (NASDAQ:EGLE) has a market capitalization of $629.70 million and generates $719.85 million in revenue each year. The shipping company earns $248.01 million in net income (profit) each year or $15.31 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.