NASDAQ:EGLE - Eagle Bulk Shipping Stock Price, News, & Analysis

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$4.71 +0.10 (+2.17 %)
(As of 12/16/2018 12:58 PM ET)
Previous Close$4.71
Today's Range$4.55 - $4.76
52-Week Range$4.22 - $6.14
Volume338,683 shs
Average Volume305,864 shs
Market Capitalization$344 million
P/E Ratio-11.21
Dividend YieldN/A
Beta1.83
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.

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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
Phone203-276-8100

Debt

Debt-to-Equity Ratio0.63
Current Ratio2.16
Quick Ratio1.91

Price-To-Earnings

Trailing P/E Ratio-11.21
Forward P/E Ratio27.71
P/E GrowthN/A

Sales & Book Value

Annual Sales$236.79 million
Price / Sales1.45
Cash Flow$0.1359 per share
Price / Cash Flow34.65
Book Value$6.22 per share
Price / Book0.76

Profitability

EPS (Most Recent Fiscal Year)($0.42)
Net Income$-43,790,000.00
Net Margins-3.52%
Return on Equity0.96%
Return on Assets0.55%

Miscellaneous

Employees941
Outstanding Shares73,040,000
Market Cap$344 million
OptionableOptionable

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) issued its quarterly earnings results on Tuesday, November, 6th. The shipping company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.03 by $0.01. The shipping company had revenue of $53.97 million for the quarter, compared to analysts' expectations of $57.49 million. Eagle Bulk Shipping had a positive return on equity of 0.96% and a negative net margin of 3.52%. View Eagle Bulk Shipping's Earnings History.

When is Eagle Bulk Shipping's next earnings date?

Eagle Bulk Shipping is scheduled to release their next quarterly earnings announcement on Monday, March 4th 2019. View Earnings Estimates for Eagle Bulk Shipping.

What price target have analysts set for EGLE?

7 brokerages have issued 12 month price targets for Eagle Bulk Shipping's shares. Their predictions range from $6.00 to $8.50. On average, they expect Eagle Bulk Shipping's stock price to reach $7.1667 in the next twelve months. This suggests a possible upside of 52.2% from the stock's current price. View Analyst Price Targets for Eagle Bulk Shipping.

What is the consensus analysts' recommendation for Eagle Bulk Shipping?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eagle Bulk Shipping in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. " (11/6/2018)
  • 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)

Has Eagle Bulk Shipping been receiving favorable news coverage?

Media headlines about EGLE stock have been trending positive this week, according to InfoTrie. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, 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 media stories about the shipping company a news buzz of 8.0 out of 10, indicating that recent press coverage is very likely to have an effect on the stock's share price in the near term.

Are investors shorting Eagle Bulk Shipping?

Eagle Bulk Shipping saw a increase in short interest during the month of November. As of November 30th, there was short interest totalling 1,132,378 shares, an increase of 104.4% from the November 15th total of 553,948 shares. Based on an average daily trading volume, of 329,552 shares, the short-interest ratio is presently 3.4 days. Currently, 1.7% of the company's shares are sold short. View Eagle Bulk Shipping's Current Options Chain.

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

Who are Eagle Bulk Shipping's key executives?

Eagle Bulk Shipping's management team includes the folowing people:
  • Gary Scott Vogel, Chief Executive Officer & Director
  • Frank C. de Costanzo, Chief Financial Officer & Secretary

Who are Eagle Bulk Shipping's major shareholders?

Eagle Bulk Shipping's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc (3.68%), Vanguard Group Inc. (3.68%), Dimensional Fund Advisors LP (1.69%), Renaissance Technologies LLC (1.59%), Royce & Associates LP (1.50%) and Victory Capital Management Inc. (0.34%). 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?

EGLE stock was sold by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, Acadian Asset Management LLC, JPMorgan Chase & Co. and Renaissance Technologies LLC. View Insider Buying and Selling 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 Vanguard Group Inc, Vanguard Group Inc., Dimensional Fund Advisors LP, Marshall Wace LLP, Bridgeway Capital Management Inc., Bailard Inc., Credit Suisse AG and Royce & Associates 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 $4.71.

How big of a company is Eagle Bulk Shipping?

Eagle Bulk Shipping has a market capitalization of $344 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.

What is Eagle Bulk Shipping's official website?

The official website for Eagle Bulk Shipping is http://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]


MarketBeat Community Rating for Eagle Bulk Shipping (NASDAQ EGLE)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  195 (Vote Outperform)
Underperform Votes:  248 (Vote Underperform)
Total Votes:  443
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.
This page was last updated on 12/16/2018 by MarketBeat.com Staff

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