Eagle Bulk Shipping Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Eagle Bulk Shipping in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Eagle Bulk Shipping stock.
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5 brokers have issued 1 year price objectives for Eagle Bulk Shipping's shares. Their EGLE stock forecasts range from $64.00 to $90.00. On average, they expect Eagle Bulk Shipping's share price to reach $73.67 in the next twelve months. This suggests a possible upside of 68.0% 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 stock has decreased by 3.6% and is now trading at $43.85.
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Eagle Bulk Shipping is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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Eagle Bulk Shipping Inc. (NASDAQ:EGLE) posted its earnings results on Thursday, May, 5th. The shipping company reported $3.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.96 by $0.01. The shipping company had revenue of $140.77 million for the quarter, compared to analyst estimates of $134.93 million. Eagle Bulk Shipping had a trailing twelve-month return on equity of 40.41% and a net margin of 33.43%. During the same quarter last year, the firm posted $0.84 EPS.
View Eagle Bulk Shipping's earnings history.

Eagle Bulk Shipping announced a quarterly dividend on Thursday, May 5th. Investors of record on Monday, May 16th will be paid a dividend of $2.00 per share on Wednesday, May 25th. This represents a $8.00 annualized dividend and a dividend yield of 18.24%. The ex-dividend date is Friday, May 13th.
View Eagle Bulk Shipping's dividend history.

Eagle Bulk Shipping(NASDAQ:EGLE) pays an annual dividend of $8.00 per share and currently has a dividend yield of 17.45%. EGLE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Eagle Bulk Shipping is 55.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Eagle Bulk Shipping will have a dividend payout ratio of 51.98% next year. This indicates that Eagle Bulk Shipping will be able to sustain or increase its dividend.
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Eagle Bulk Shipping's stock 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 market closes on Monday, September 14th 2020. An investor that had 100 shares of Eagle Bulk Shipping stock prior to the reverse split would have 14 shares after the split.

1 employees have rated Eagle Bulk Shipping CEO Gary Vogel on Glassdoor.com. Gary Vogel has an approval rating of 100% among Eagle Bulk Shipping's employees. This puts Gary Vogel in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Eagle Bulk Shipping include Euronav (EURN), Star Bulk Carriers (SBLK), Pacific Basin Shipping (PCFBY), Scorpio Tankers (STNG), Frontline (FRO), Costamare (CMRE), SFL (SFL), Danaos (DAC), DHT (DHT), Navigator (NVGS), Genco Shipping & Trading (GNK), Navios Maritime Partners (NMM), Dorian LPG (LPG), Global Ship Lease (GSL) and Diana Shipping (DSX).
View all of EGLE's competitors.

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."

Shares of EGLE 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 $43.85.

Eagle Bulk Shipping (NASDAQ:EGLE) has a market capitalization of $600.31 million and generates $594.54 million in revenue each year. The shipping company earns $184.90 million in net income (profit) each year or $14.33 on an earnings per share basis.

Eagle Bulk Shipping 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 Eagle Bulk Shipping 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.