It's one of the world's biggest cruise ships to run on LNG. Fire breaks out on Eagle Bulk Shipping bulker in South Korea What happened Shares of dry bulk ocean shipper Eagle Bulk Shipping (NASDAQ: EGLE) dipped 15% in February, entering the month at $6.29 but exiting it. This will reduce the number of outstanding shares of the Companys common stock from approximately 77.1 million shares to approximately 11.0 million shares. Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Subscriber Agreement & Terms of Use | Have feedback on this article? This information is provided for illustrative purposes only. One share of EGLE stock can currently be purchased for approximately $42.24. The reverse stock split will take effect on September 15, 2020 at 9:00 a.m. Eastern time, and the Companys common stock is expected to begin trading on a split-adjusted basis on the Nasdaq Global Select Market on the same day under the existing ticker symbol EGLE. Over the past quarter, shares of Eagle Bulk Shipping have risen 36.4%, and are up 47.54% in the last year. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period. Is it Time to Dump Eagle Bulk Shipping Inc. (EGLE Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth. (And therefore, less demand to ship it. On the other hand, the S&P 500 has only moved -9.13% and 8.98%, respectively. What's in Store for Ardmore Shipping (ASC) in Q1 Earnings? Announces $175 million Upsize and Extension of its Credit Facility, Eagle Bulk Shipping Inc. Reports Results for the First Quarter of 2023, Eagle Bulk Shipping (EGLE) Q1 Earnings Cheat Sheet, Eagle Bulk Shipping price target lowered to $75 from $85 at Alliance Global Partners, 3 Best Stocks to Buy Now, 4/24/2023, According to Top Analysts, Eagle Bulk Shipping Inc. to Issue First Quarter 2023 Results and Hold Investor Conference Call, Eagle Bulk Shipping management to meet with B. Riley, iShares Core S&P Total U.S. Stock Market ETF, Financial and accounting risks. Eagle Bulk Shipping, Inc. is a holding company, which engages in the ocean transportation of dry bulk cargoes through the ownership, charter, and operation of dry bulk vessels. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. See more information on Eagle Bulk Shipping dividends. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.10 per share on Thursday, May 25th. Concluding Capital Link's Maritime Leaders Summit in Oslo with the panel SHIPPING - WHAT'S NEXT - THE SHIPOWNERS PERSPECTIVE Lloyds Register Angelicoussis Group Eagle Bulk Frontline Management AS NYK Group Europe TMS Group . Is your current exposure to the stock optimal for your total portfolio? As of 10:05 a.m. Get daily stock ideas from top-performing Wall Street analysts. Why Eagle Bulk Shipping Stock Sank 13% in April In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." The incident involving the 64,000-dwt Cape Town Eagle (built 2015) took place at 0950 local time in the port of Ulsan. Eagle Bulk Shipping Inc. (NASDAQ:EGLE) released its earnings results on Thursday, November, 4th. Who are Eagle Bulk Shipping's major shareholders? Email: [emailprotected] Phone: +1.805.704.2536. All values as of most recently reported quarter unless otherwise noted. Backtested performance is not an indicator of future actual results. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Over the past two months, 3 earnings estimates moved higher compared to none lower for the full year. Eagle Bulk Shipping's stock is owned by a number of retail and institutional investors. American Eagle Outfitters (NYSE: AEO), which sells mens and womens apparel and accessories under the American Eagle, Tailgate, Todd Snyder, and Aerie brands, is sche Regent Seven Seas Cruises has commissioned a rare and unique Faberg egg for its newest ship. The case is In re Eagle Bulk Shipping Inc., 14-bk-12303, U.S. Bankruptcy Court, Southern District of New York (Manhattan). Eagle Bulk Shipping Inc. (NYSE:EGLE), might not be a large cap stock, but it saw significant share price movement during recent months on the NYSE, rising to highs of US$65.82 and falling to the lows of US$39.28. Over the past quarter, shares of Eagle Bulk Shipping have risen 36.4%, and are up 47.54% in the last year. Photos from the scene showed firefighters on cranes tackling the blaze as black smoke swirled from the vessel. Eagle Bulk Shipping Files For Bankruptcy - gCaptain Eagle Bulk Shipping has received no research coverage in the past 90 days. ETFs with the largest weight of Eagle Bulk Shipping (NASDAQ:EGLE) stock in their portfolio include SPDRS&PTransportation ETF (XTN), Global SuperDividend US ETF (DIV), Ballast Small/Mid Cap ETF (MGMT), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Roundhill Acquirers Deep Value ETF (DEEP), Global X SuperDividend ETF (SDIV), Hartford Multifactor Small Cap ETF (ROSC) and SonicShares Global Shipping ETF (BOAT). UPDATE 1-Russia says it thwarts another major Ukrainian offensive in Donetsk, Panasonic to boost battery output at Tesla's Nevada Gigafactory - Nikkei, Mississippi's capital only collects 56% of fees from its struggling water system, Ex-CEOs at Brazil's Americanas did not make proper accounting disclosures - regulator, Canaccord's board rejects management-led group's $840 mln buyout offer. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Three Eagle Bulk Shipping seafarers returned safely after kidnapping off Gabon. Financial Highlights Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Concerned about the content? Capital Link on Twitter: "Concluding Capital Link's Maritime Leaders And as the country works its way through congestion at its ports, that should accommodate greater dry bulk traffic as well. Eagle Bulk Shipping's 58,000-dwt supramax Newport Eagle (built 2011) is seen in the Singapore Strait in March 2022. . Why Eagle Bulk Shipping Stock Is Sinking Today - Finance Flux Eagle Bulk Shipping (EGLE) Stock Sinks As Market Gains: What You Should What other stocks do shareholders of Eagle Bulk Shipping own? Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Share. The ETFs are listed according to market value of EGLE within the ETF. However, Jeff Clark couldnt care less because he ignores almost every single stock in the market. Why Eagle Bulk Shipping Inc. Stock Sank 13% in February Human resources departments do a lot of great things. The P/E ratio of Eagle Bulk Shipping is 3.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.77. Here is how Eagle Bulk Shipping (EGLE) and USA Truck (USAK) have performed compared to their sector so far this year. Taking into account all of these elements, it should come as no surprise that EGLE is a #1 (Strong Buy) stock with a Momentum Score of A. Create your Watchlist to save your favorite quotes on Nasdaq.com. Investors were disappointed by the results, sending shares of Eagle Bulk down 15% on Friday morning. On the other hand, if Ukraine's grain-producing capacity has been too damaged by the time the war ends there may still be less grain to ship. Have Watchlists? The 1-7 reverse split was announced on Monday, September 14th 2020. What happened to Eagle Bulk Shippings price movement after its last earnings report? Is it worth spending $3,499 on Apples Vision Pro VR headset? Let's discuss some of the components of the Momentum Style Score for EGLE that show why this shipping company shows promise as a solid momentum pick. Eagle Bulk Shipping is a US-based fully integrated shipowner-operator engaged in the global transportation of drybulk commodities. Eagle Bulk Shipping, Inc. is a holding company, which engages in the ocean transportation of dry bulk cargoes through the ownership, charter, and operation of dry bulk vessels. Buying a great company with a robust outlook at a cheap price is always a good investment, so lets also take a look at the company's future expectations. This website uses cookies to improve your experience while you navigate through the website. Warren Buffett Has Bet Over $166 Billion on 3 AI Growth Stocks, U.S. Money Supply Hasn't Done This Since the Great Depression, and It Implies Something Big for Stocks, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Get in touch with us directly. Eagle Bulk Shipping, Inc. is a holding company, which engages in the ocean transportation of a broad range of dry bulk cargoes worldwide through the ownership, charter, and operation of dry bulk vessels. EGLE - Eagle Bulk Shipping Inc. All Rights Reserved. For further information, please visit our website: www.eagleships.com. Supramaxes are down 57 percent, and handysize rates have dropped 54 percent, according to the analysts. The Motley Fool has no position in any of the stocks mentioned. Are you a potential investor? Our daily ratings and market update email newsletter. Company Contact:Frank De CostanzoChief Financial OfficerEagle Bulk Shipping Inc.Tel. Buffett-Backed BYD Caught In The Chinese Government's Stimulus, The Most Upgraded Stocks In May Are Moving Higher. What is Eagle Bulk Shipping's stock price forecast for 2023? Working at Eagle Bulk Shipping | Glassdoor Eagle Bulk Shipping has a dividend yield of 0.95%, which is in the bottom 25% of all stocks that pay dividends. The dividend payout ratio of Eagle Bulk Shipping is 3.26%. Compare Top Brokerages Here. There are some potential catalysts for this stock heading into 2023: Eagle has a relatively young fleet in an industry full of aging vessels, and China's postpandemic reopening could spark increased demand for the commodities Eagle transports. Read our dividend analysis for EGLE. Eagle Bulk Shipping Inc. ("Eagle" or the "Company") (NYSE: EGLE) is a US-based fully integrated shipowner-operator engaged in the global transportation of drybulk commodities. The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023. To make the world smarter, happier, and richer. So what Why did that happen? Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Buy 3.00 Rating Score Upside/ Downside 74.6% Upside $70.50 Price Target Short Interest How many shares outstanding does Eagle Bulk Shipping have? Invest better with The Motley Fool. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Type a symbol or company name. Its About to Pay a 14% Dividend Yield. EGLE - Eagle Bulk Shipping Inc Stock Price Quote - Morningstar The company was founded by Sophocles N. Zoullas on March 23, 2005 and is headquartered in Stamford, CT. Sign-up to receive the latest news and ratings for Eagle Bulk Shipping and its competitors with MarketBeat's FREE daily newsletter. Following the earnings report the stock price went up 0.411%. Since topping out at 3,369 two weeks ago, the Baltic Exchange Dry Index (BDI) -- which tracks the prices that ocean transporters can get for carrying cargoes of coal, iron, grain, and other dry bulk commodities -- has tumbled 25% in just 16 days. No fractional shares of common stock will be issued in connection with the reverse stock split. Why Eagle Bulk Shipping Stock Is Sinking Today, Eagle Bulk Shipping (EGLE) Q2 2022 Earnings Call Transcript, Eagle Bulk Shipping (EGLE) Q1 2022 Earnings Call Transcript, Eagle Bulk Shipping (EGLE) Q4 2021 Earnings Call Transcript, Eagle Bulk Shipping (EGLE) Q3 2021 Earnings Call Transcript, 1 Stock-Split Stock to Buy Hand Over Fist in June and 1 to Avoid Like the Plague, Statistically Speaking, These Are the 2 Worst Ages to Claim Social Security Benefits, Surprise! But shipping is a cyclical industry, and there is little Eagle management can do during slower-demand periods other than ride out the storm. Battle of the shipping booms: Containers '21 vs dry bulk '07-'08 This payout ratio is at a healthy, sustainable level, below 75%. On 21 May, Eagle Bulk revealed that three seafarers who were kidnapped three weeks ago off Gabon had been returned home safely. Matters discussed in this release may constitute forward-looking statements that may be deemed to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. This indicates that the company will be able to sustain or increase its dividend. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. To make the world smarter, happier, and richer. High institutional ownership can be a signal of strong market trust in this company. Although Eagle Bulk Shipping Inc. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, Eagle Bulk Shipping Inc. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, examination of historical operating trends, data contained in our records and other data available from third parties. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. Which hedge fund is a major shareholder of Eagle Bulk Shipping? Learn how to collect your first payout before June 13th. By clicking Accept, you consent to the use of ALL the cookies. The dividend payout ratio is 3.26%. There is no website visitor data available for this stock. contact@marketbeat.com According to analysts' consensus price target of $70.50, Eagle Bulk Shipping has a forecasted upside of 66.2% from its current price of $42.43. Strength Seen in Golar LNG (GLNG): Can Its 10.4% Jump Turn into More Strength? Eagle Bulk Shipping had a net margin of 30.93% and a trailing twelve-month return on equity of 24.29%.
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