Star Bulk Carriers Corp. (SBLK)

NASDAQ: SBLK · Real-Time Price · USD
15.02
-0.10 (-0.66%)
At close: Dec 26, 2024, 4:00 PM
15.06
+0.04 (0.27%)
After-hours: Dec 26, 2024, 7:43 PM EST
-0.66%
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]

Industry Marine Shipping
Sector Industrials
Founded 2006
Employees 216
Stock Exchange NASDAQ
Ticker Symbol SBLK
Full Company Profile

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 Statements

Analyst 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.

Price Target
$25.0
(66.45% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

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, ...

10 days ago - GlobeNewsWire

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 ...

17 days ago - Seeking Alpha

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.

Other symbols: HSHPPXS
21 days ago - Benzinga

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...

4 weeks ago - Seeking Alpha

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...

5 weeks ago - Seeking Alpha

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...

5 weeks ago - Seeking Alpha

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, ...

5 weeks ago - GlobeNewsWire

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...

5 weeks ago - GlobeNewsWire

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...

7 weeks ago - GlobeNewsWire

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 ...

2 months ago - Seeking Alpha

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.

Other symbols: CENTEVLV
2 months ago - Benzinga

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...

2 months ago - Seeking Alpha

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...

3 months ago - Seeking Alpha

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,...

3 months ago - GlobeNewsWire

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...

4 months ago - Seeking Alpha

Calls of the Day: Cisco Systems, Visa, Booking Holdings, Freeport-McMoRan and Star Bulk Carrier

"Cisco is back" says Jim Lebenthal. He explains why.

Other symbols: BKNGCSCOFCXV
4 months ago - CNBC Television

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...

4 months ago - Seeking Alpha

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...

5 months ago - Seeking Alpha

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, ...

5 months ago - GlobeNewsWire

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.

Other symbols: LYFTSYM
5 months ago - Benzinga

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 ...

5 months ago - GlobeNewsWire

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 ...

5 months ago - Seeking Alpha

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 ...

6 months ago - GlobeNewsWire

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...

Other symbols: ZIM
7 months ago - Invezz

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...

7 months ago - Seeking Alpha