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Star Bulk Carriers Stock Forecast, Price & News

$22.69
+1.03 (+4.76%)
(As of 12/6/2021 04:00 PM ET)
Add
Compare
Today's Range
$21.19
$23.07
50-Day Range
$18.19
$25.27
52-Week Range
$7.55
$26.00
Volume
3.10 million shs
Average Volume
1.82 million shs
Market Capitalization
$2.32 billion
P/E Ratio
5.64
Dividend Yield
12.93%
Beta
1.01
30 days | 90 days | 365 days | Advanced Chart
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Star Bulk Carriers logo

About Star Bulk Carriers

Star Bulk Carriers Corp. is a holding company, which engages in the provision of seaborne transportation solutions in the dry bulk sector. It ships iron ore, coal and grain, bauxite, fertilizers and steel products. The company was founded by Petros Alexandros Pappas on December 13, 2006 and is headquartered in Athens, Greece.

Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Current Symbol
NASDAQ:SBLK
Employees
180
Year Founded
N/A

Sales & Book Value

Annual Sales
$693.24 million
Cash Flow
$1.78 per share
Book Value
$15.61 per share

Profitability

Net Income
$9.66 million
Pretax Margin
5.83%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$2.32 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
8/20/2021
Dividend Payable
9/08/2021
Last Earnings
11/16/2021
Today
12/06/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/16/2022

Social Links


MarketRank

Overall MarketRank

2.91 out of 5 stars

Transportation Sector

28th out of 172 stocks

Deep Sea Foreign Transportation Of Freight Industry

7th out of 45 stocks

Analyst Opinion: 3.5Community Rank: 4.8Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -












Star Bulk Carriers (NASDAQ:SBLK) Frequently Asked Questions

Is Star Bulk Carriers a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Star Bulk Carriers in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Star Bulk Carriers stock.
View analyst ratings for Star Bulk Carriers
or view top-rated stocks.

How has Star Bulk Carriers' stock price been impacted by Coronavirus (COVID-19)?

Star Bulk Carriers' stock was trading at $7.37 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SBLK stock has increased by 207.9% and is now trading at $22.69.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Star Bulk Carriers?

Star Bulk Carriers saw a increase in short interest during the month of October. As of October 29th, there was short interest totaling 1,860,000 shares, an increase of 16.3% from the October 14th total of 1,600,000 shares. Based on an average daily trading volume, of 2,060,000 shares, the short-interest ratio is presently 0.9 days. Currently, 2.0% of the company's stock are sold short.
View Star Bulk Carriers' Short Interest
.

When is Star Bulk Carriers' next earnings date?

Star Bulk Carriers is scheduled to release its next quarterly earnings announcement on Wednesday, February 16th 2022.
View our earnings forecast for Star Bulk Carriers
.

How were Star Bulk Carriers' earnings last quarter?

Star Bulk Carriers Corp. (NASDAQ:SBLK) announced its quarterly earnings results on Tuesday, November, 16th. The shipping company reported $2.19 EPS for the quarter, topping the Zacks' consensus estimate of $2.16 by $0.03. Star Bulk Carriers had a trailing twelve-month return on equity of 25.33% and a net margin of 36.65%. During the same quarter in the prior year, the business posted $0.28 EPS.
View Star Bulk Carriers' earnings history
.

How often does Star Bulk Carriers pay dividends? What is the dividend yield for Star Bulk Carriers?

Star Bulk Carriers announced a quarterly dividend on Tuesday, November 16th. Investors of record on Friday, December 10th will be given a dividend of $1.25 per share on Wednesday, December 22nd. This represents a $5.00 annualized dividend and a yield of 22.04%. The ex-dividend date is Thursday, December 9th. This is an increase from Star Bulk Carriers's previous quarterly dividend of $0.70.
View Star Bulk Carriers' dividend history
.

Is Star Bulk Carriers a good dividend stock?

Star Bulk Carriers pays an annual dividend of $2.80 per share and currently has a dividend yield of 12.93%. SBLK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Star Bulk Carriers has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Star Bulk Carriers is 69.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Star Bulk Carriers will have a dividend payout ratio of 44.03% next year. This indicates that Star Bulk Carriers will be able to sustain or increase its dividend.
View Star Bulk Carriers' dividend history.

What price target have analysts set for SBLK?

5 Wall Street analysts have issued 12-month price objectives for Star Bulk Carriers' shares. Their forecasts range from $25.00 to $40.00. On average, they anticipate Star Bulk Carriers' stock price to reach $33.00 in the next year. This suggests a possible upside of 45.4% from the stock's current price.
View analysts' price targets for Star Bulk Carriers
or view top-rated stocks among Wall Street analysts.

Who are Star Bulk Carriers' key executives?

Star Bulk Carriers' management team includes the following people:
  • Petros Alexandros Pappas, Chief Executive Officer & Director
  • Hamish Norton, President
  • Nicos Rescos, Chief Operating Officer
  • Simos Georgios Spyrou, Co-Chief Financial Officer
  • Christos Begleris, Co-Chief Financial Officer

What other stocks do shareholders of Star Bulk Carriers own?

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).

What is Star Bulk Carriers' stock symbol?

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

Who are Star Bulk Carriers' major shareholders?

Star Bulk Carriers' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Skandinaviska Enskilda Banken AB publ (1.90%), Arrowstreet Capital Limited Partnership (1.70%), Two Sigma Investments LP (1.25%), Morgan Stanley (0.95%), Millennium Management LLC (0.80%) and Marshall Wace LLP (0.78%).

Which institutional investors are selling Star Bulk Carriers stock?

SBLK stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Skandinaviska Enskilda Banken AB publ , Renaissance Technologies LLC, Morgan Stanley, Lonestar Capital Management LLC, Millennium Management LLC, Beck Capital Management LLC, and GSA Capital Partners LLP.

Which institutional investors are buying Star Bulk Carriers stock?

SBLK stock was acquired by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Two Sigma Investments LP, Point72 Asset Management L.P., Two Sigma Advisers LP, Caption Management LLC, Voloridge Investment Management LLC, Harvey Capital Management Inc., and PEAK6 Investments LLC.

How do I buy shares of Star Bulk Carriers?

Shares of SBLK 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.
Compare Top Brokerages Here.

What is Star Bulk Carriers' stock price today?

One share of SBLK stock can currently be purchased for approximately $22.69.

How much money does Star Bulk Carriers make?

Star Bulk Carriers has a market capitalization of $2.32 billion and generates $693.24 million in revenue each year. The shipping company earns $9.66 million in net income (profit) each year or $4.02 on an earnings per share basis.

How many employees does Star Bulk Carriers have?

Star Bulk Carriers employs 180 workers across the globe.

What is Star Bulk Carriers' official website?

The official website for Star Bulk Carriers is www.starbulk.com.

Where are Star Bulk Carriers' headquarters?

Star Bulk Carriers is headquartered at 40 AGIOU KONSTANTINOU STR MAROUSSI, ATHENS J3, 15124.

How can I contact Star Bulk Carriers?

Star Bulk Carriers' mailing address is 40 AGIOU KONSTANTINOU STR MAROUSSI, ATHENS J3, 15124. The shipping company can be reached via phone at 302106178400, via email at [email protected], or via fax at 30 210 61 78 378.


This page was last updated on 12/6/2021 by MarketBeat.com Staff

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