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NASDAQ:EGLE

Eagle Bulk Shipping (EGLE) Stock Price, News & Analysis

Eagle Bulk Shipping logo

About Eagle Bulk Shipping Stock (NASDAQ:EGLE)

Key Stats

Today's Range
$62.60
$62.60
50-Day Range
$61.60
$64.56
52-Week Range
$39.15
$65.09
Volume
N/A
Average Volume
217,824 shs
Market Capitalization
$692.98 million
P/E Ratio
40.92
Dividend Yield
3.83%
Price Target
$56.38
Consensus Rating
Hold

Company Overview

Eagle Bulk Shipping Inc. engages in the ocean transportation of dry bulk cargoes worldwide. The company owns, charters, and operates dry bulk vessels that transport a range of bulk cargoes, including iron ore, coal, grains, fertilizers, steel products, petcoke, and cement. It serves miners, producers, traders, and end users. As of December 31, 2023, the company owned and operated a fleet of 52 vessels. Eagle Bulk Shipping Inc. was incorporated in 2005 and is headquartered in Stamford, Connecticut.

Eagle Bulk Shipping Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
32nd Percentile Overall Score

EGLE MarketRank™: 

Eagle Bulk Shipping scored higher than 32% of companies evaluated by MarketBeat, and ranked 106th out of 126 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Eagle Bulk Shipping has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Eagle Bulk Shipping has received no research coverage in the past 90 days.

  • Read more about Eagle Bulk Shipping's stock forecast and price target.
  • Earnings Growth

    Earnings for Eagle Bulk Shipping are expected to grow by 36.21% in the coming year, from $4.86 to $6.62 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Eagle Bulk Shipping is 40.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.70.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Eagle Bulk Shipping is 40.92, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 17.22.

  • Price to Book Value per Share Ratio

    Eagle Bulk Shipping has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for EGLE.
  • Dividend Leadership

    Eagle Bulk Shipping is a leading dividend payer. It pays a dividend yield of 3.83%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Eagle Bulk Shipping does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Eagle Bulk Shipping is 156.86%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Eagle Bulk Shipping will have a dividend payout ratio of 36.25% next year. This indicates that Eagle Bulk Shipping will be able to sustain or increase its dividend.

  • Read more about Eagle Bulk Shipping's dividend.
  • Short Interest

    There is no current short interest data available for EGLE.
  • Search Interest

    Only 1 people have searched for EGLE on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • 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 1.90% of the stock of Eagle Bulk Shipping is held by insiders.

  • Percentage Held by Institutions

    70.60% 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.

  • Read more about Eagle Bulk Shipping's insider trading history.
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EGLE Stock News Headlines

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EGLE Stock Analysis - Frequently Asked Questions

Eagle Bulk Shipping Inc. (NASDAQ:EGLE) issued its quarterly earnings data on Monday, March, 4th. The shipping company reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.38. The shipping company earned $104.59 million during the quarter, compared to analysts' expectations of $76.16 million. Eagle Bulk Shipping had a trailing twelve-month return on equity of 4.62% and a net margin of 5.77%.

Shares of Eagle Bulk Shipping 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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Eagle Bulk Shipping investors own include Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Broadcom (AVGO), Exxon Mobil (XOM), Star Bulk Carriers (SBLK) and Intel (INTC).

Company Calendar

Last Earnings
3/04/2024
Today
10/31/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Current Symbol
NASDAQ:EGLE
Employees
1,025
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$56.38
High Stock Price Target
$63.50
Low Stock Price Target
$52.00
Potential Upside/Downside
-9.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Net Income
$22.73 million
Pretax Margin
5.77%

Debt

Sales & Book Value

Annual Sales
$393.80 million
Cash Flow
$11.68 per share
Book Value
$60.43 per share

Miscellaneous

Free Float
10,863,000
Market Cap
$692.98 million
Optionable
Optionable
Beta
1.49

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This page (NASDAQ:EGLE) was last updated on 10/31/2024 by MarketBeat.com Staff
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