Star Bulk Carriers Corp. (SBLK)
Market Cap | 1.77B |
Revenue (ttm) | 1.22B |
Net Income (ttm) | 301.92M |
Shares Out | 117.89M |
EPS (ttm) | 2.98 |
PE Ratio | 5.03 |
Forward PE | 7.91 |
Dividend | $2.40 (15.98%) |
Ex-Dividend Date | Dec 5, 2024 |
Volume | 1,301,038 |
Open | 15.11 |
Previous Close | 15.12 |
Day's Range | 14.95 - 15.20 |
52-Week Range | 14.59 - 27.47 |
Beta | 0.96 |
Analysts | Strong Buy |
Price Target | 25.00 (+66.45%) |
Earnings Date | Feb 10, 2025 |
About SBLK
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of bulk commodities, including iron ores, minerals and grains, bauxite, fertilizers, and steel products. As of December 31, 2023, the company owned a fleet of 116 dry bulk vessels with combined carrying capacity of 13.1 million deadweight tonnage (dwt) consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax vessels with carrying capacities between 53,489 dwt and 209... [Read more]
Financial Performance
In 2023, Star Bulk Carriers's revenue was $949.27 million, a decrease of -33.95% compared to the previous year's $1.44 billion. Earnings were $173.56 million, a decrease of -69.34%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for SBLK stock is "Strong Buy." The 12-month stock price forecast is $25.0, which is an increase of 66.45% from the latest price.
News
Star Bulk Carriers Corp. Announces an Amended Dividend Policy and Share Buy-Back Under a New Share Repurchase Program
ATHENS, Greece, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, ...
Star Bulk Carriers: 3 Reasons To Consider An Investment
Star Bulk Carriers, a leading dry bulk company, has a strong financial position and operational efficiency, bolstered by its merger with Eagle Bulk Shipping. Despite the recent share price drop, SBLK ...
Top 3 Industrials Stocks You'll Regret Missing In December
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
Star Bulk Carriers: The More It Falls, The Richer The Dividend Yields
Macro events surrounding the dry bulk industry remain mixed, albeit improved compared to pre-pandemic periods, with it already triggering higher contracted TCE rates for SBLK. These have directly cont...
Star Bulk Carriers Delivers Another Good Quarter
We initiated our position in Star Bulk Carriers Corp. in October 2022 due to strong fundamentals, good management, and shareholder-friendly practices. Star Bulk's Q3 revenue was $344 million, slightly...
Star Bulk Carriers Corp. (SBLK) Q3 2024 Earnings Call Transcript
Star Bulk Carriers Corp. (NASDAQ:SBLK) Q3 2024 Earnings Conference Call November 20, 2024 11:00 AM ET Company Participants Petros Pappas - Chief Executive Officer Hamish Norton - President Simos Spyr...
Star Bulk Carriers Corp. Reports Net Profit of $81.3 Million for the Third Quarter of 2024, and Declares Quarterly Dividend of $0.60 per Share
ATHENS, Greece, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, ...
Star Bulk Carriers Corp. Announces Publication of 2023 Environmental, Social and Governance (ESG) Report
ATHENS, Greece, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), a global leader in dry bulk shipping, today announced the publication of its 2...
Star Bulk Announces Date for the Release of Third Quarter Ended September 30, 2024 Results, Conference Call and Webcast
ATHENS, Greece, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK) today announced that it will release its results for the third quarter ended Se...
Star Bulk Carriers: Appealing Income Idea For Investors In The Dry Bulk Segment
Star Bulk Carriers owns a large, diversified fleet of 159 vessels, with 97% equipped with scrubbers. SBLK reported strong 2Q24 results with a 47% YoY revenue increase, a 127% net profit growth, and a ...
3 Small-Cap Stocks on the Way to Bigger and Better Days
In late 2023, many analysts called for 2024 to be the year of a small-cap stock renaissance. These stocks were battered as the Federal Reserve aggressively raised interest rates.
Star Bulk Carrier: The Market Is Not Pricing The Benefits Of The Eagle Merger
Following the Eagle merger, Star Bulk is now the leading dry bulk carrier sector fleet operator. Its improved performance over the past 3 years were driven by high freight rates. Despite declining fre...
Dry Bulk Market Update: Star Bulk Carriers Interview (Podcast Transcript)
Value Investor's Edge Live continues with the latest episode focused on the dry bulk shipping sector. Star Bulk Carriers is the largest US-listed dry bulk owner, with a roughly $2.6B market capitaliza...
Star Bulk Announces Vessel Sale and Repurchase of Common Shares
ATHENS, Greece, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes,...
Star Bulk Carriers: Financial Strength And A High Yield Outweigh Macro Concerns
I have a buy rating on Star Bulk Carriers due to its strong financial position, attractive valuation, and high dividend yield. Despite mixed quarterly results, SBLK's revenue growth and liquidity posi...
Calls of the Day: Cisco Systems, Visa, Booking Holdings, Freeport-McMoRan and Star Bulk Carrier
"Cisco is back" says Jim Lebenthal. He explains why.
Star Bulk Carriers: Macro Events Point To Favorable H2 2024 Outlook, Reiterate Buy
BDI has further pulled back, attributing to the recent pessimism surrounding China's steel demand and the prolonged slump in the property market. Even so, SBLK continues to guide promising FQ3'24 cont...
Star Bulk Carriers Corp. (SBLK) Q2 2024 Earnings Call Transcript
Star Bulk Carriers Corp. (NASDAQ:SBLK) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Simos Spyrou - Co-CFO Nicos Rescos - COO Charis Plakantonaki - Chief Strategy O...
Star Bulk Announces Changes To Its Board Of Directors
ATHENS, Greece, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, ...
Top 3 Industrials Stocks That Could Blast Off This Month
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
Star Bulk Announces Conversion of All Eagle Bulk Convertible Notes
ATHENS, Greece, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), today announced that all the 5% Convertible Senior Notes, issued in July 2019 ...
Star Bulk Carriers: Strong Q1 Earnings, Much Higher Dividend, 7% Yield May Rise
Star Bulk Carriers, via its merger, now has the second largest Ultramax/Supramax fleet globally. Q1 '24 earnings surged, net income and EBITDA grew by 63% and 45%. SBLK now yields ~7%, but raised the ...
Star Bulk Announces Date for the Release of Second Quarter Ended June 30, 2024 Results, Conference Call and Webcast
ATHENS, Greece, July 09, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), today announced that it will release its results for the second quarter ended ...
Here's why the ZIM Integrated and SBLK stock prices plunged
The ZIM Integrated (NYSE: ZIM) and Star Bulk Carriers (NASDAQ: SBLK) stock prices have plunged hard this week, continuing a trend that started last week. SBLK shares crashed to a low of $24.5 on Tuesd...
Star Bulk Carriers Is Fairly Priced, But Not Cheap (Rating Downgrade)
Star Bulk Carriers' share price has increased by 20% since February and 44% since November 2023. Q1 financial results show a net EPS of $0.87 and $1 per share in free cash flow from operation. SBLK ha...