Star Bulk Carriers - SBLK Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Star Bulk Carriers in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SBLK shares.
View SBLK analyst ratings or view top-rated stocks.

3 equities research analysts have issued 12 month price objectives for Star Bulk Carriers' shares. Their SBLK share price forecasts range from $30.00 to $40.00. On average, they expect the company's share price to reach $33.00 in the next twelve months. This suggests a possible upside of 73.1% from the stock's current price.
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Star Bulk Carriers' stock was trading at $22.67 at the beginning of the year. Since then, SBLK stock has decreased by 15.9% and is now trading at $19.06.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 15th 2022.
View our SBLK earnings forecast.

Star Bulk Carriers Corp. (NASDAQ:SBLK) issued its earnings results on Thursday, August, 4th. The shipping company reported $2.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.75 by $0.25. Star Bulk Carriers had a trailing twelve-month return on equity of 43.53% and a net margin of 52.61%. During the same period in the prior year, the firm earned $1.26 EPS.

Star Bulk Carriers announced a quarterly dividend on Thursday, August 4th. Stockholders of record on Thursday, August 25th will be given a dividend of $1.65 per share on Thursday, September 8th. This represents a $6.60 dividend on an annualized basis and a yield of 34.63%. The ex-dividend date is Wednesday, August 24th.
Read our dividend analysis for SBLK.

Star Bulk Carriers (NASDAQ:SBLK) pays an annual dividend of $6.60 per share and currently has a dividend yield of 34.63%. SBLK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 75.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, SBLK will have a dividend payout ratio of 134.69% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SBLK.

Based on aggregate information from My MarketBeat watchlists, some companies that other Star Bulk Carriers investors own include Bank of America (BAC), Intelsat (I), Diana Shipping (DSX), Scorpio Tankers (STNG), Eagle Bulk Shipping (EGLE), Micron Technology (MU), OPKO Health (OPK), Fossil Group (FOSL), Golden Ocean Group (GOGL) and Intel (INTC).

Star Bulk Carriers trades on the NASDAQ under the ticker symbol "SBLK."

Star Bulk Carriers' stock is owned by many different institutional and retail investors. Top institutional investors include Goldman Sachs Group Inc. (0.96%), Renaissance Technologies LLC (0.92%), Wells Fargo & Company MN (0.84%), FMR LLC (0.61%), Gratus Capital LLC (0.57%) and CHURCHILL MANAGEMENT Corp (0.48%).

Shares of SBLK 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 SBLK stock can currently be purchased for approximately $19.06.

Star Bulk Carriers (NASDAQ:SBLK) has a market capitalization of $1.95 billion and generates $1.43 billion in revenue each year. The shipping company earns $680.53 million in net income (profit) each year or $8.70 on an earnings per share basis.

The company employs 181 workers across the globe.

Star Bulk Carriers' mailing address is 40 AGIOU KONSTANTINOU STR MAROUSSI, ATHENS J3, 15124. The official website for the company is www.starbulk.com. The shipping company can be reached via phone at 302106178400, via email at starbulk@capitallink.com, or via fax at 30 210 61 78 378.