Streetbeat News

EGLE

Eagle Bulk Shipping Inc

https://www.eagleships.com/

CEO

Gary Vogel

Employees

134

Industry

Deep Sea Freight Transportation

eagle bulk shipping inc. (nasdaq: egle) is a us-based owner and operator of dry bulk vessels, providing its customers with reliable and responsible global transportation services for the carriage of bulk commodities including: coal, grain, iron ore, steel, cement, and forest products, among others.

Open

62.73

Mkt cap

693M

Volume

710K

High

62.85

P/E Ratio

31.95

52-wk high

65.09

Low

61.39

Div yield

0.01

52-wk low

39.15

Insider purchases at Eagle Bulk Shipping, SentinelOne, and Bassett Furniture Industries signal confidence in these companies. Eagle Bulk Shipping's merger with Star Bulk was approved, SentinelOne received a positive analyst rating, and Bassett Furniture reported downbeat quarterly sales.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 12:41 pm

Eagle shareholders have approved a merger with Star Bulk, where each share of Eagle's common stock will be exchanged for 2.6211 shares of Star Bulk's common stock. The merger excludes shares owned by Eagle, Star Bulk, or their subsidiaries.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:13 pm

B. Riley Securities analyst Liam Burke has maintained a Neutral rating on Eagle Bulk Shipping (NYSE:EGLE) but raised the price target from $52.2 to $63.5.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:02 pm

Eagle Bulk Shipping (NYSE:EGLE) reported Q4 earnings of $1.13 per share, surpassing the $0.71 estimate, and sales of $104.59M, exceeding the $92.51M estimate. However, this represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 1:36 pm

Eagle Bulk Shipping (NYSE:EGLE) has been evaluated by 4 analysts over the last three months, with all maintaining an indifferent stance. The average 12-month price target for EGLE has been adjusted to $53.55, down from $63.00, indicating a 15.0% decrease. The company's financial performance shows challenges in revenue growth, profitability, and debt management, with a notable revenue decline of -55.42% over the past 3 months and below-average net margin and ROE.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 4:00 pm

Alliance Global Partners analyst Poe Fratt downgraded Eagle Bulk Shipping (NYSE:EGLE) from Buy to Neutral, indicating a change in the firm's outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 12:30 pm

Jefferies analyst Omar Nokta has downgraded Eagle Bulk Shipping (NYSE:EGLE) from Buy to Hold and set a price target of $55.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:42 am

Eagle Bulk Shipping (NYSE:EGLE) has been rated by 4 analysts in the past three months, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target is now $53.55, down 15% from the previous target. Analysts from Stifel, Noble Capital Markets, B. Riley Securities, and Jefferies have provided recent evaluations, with adjustments to ratings and price targets. Eagle Bulk Shipping's financial performance shows challenges, with a significant revenue decline, below-average net margin, ROE, and ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 1:00 pm

Stifel analyst Benjamin Nolan has downgraded Eagle Bulk Shipping (NYSE:EGLE) from Buy to Hold while increasing the price target from $54 to $55. This reflects a more cautious stance on the stock while acknowledging some potential for upside.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 10:45 am

Houthi rebels targeted the U.S.-owned Gibraltar Eagle, operated by Eagle Bulk Shipping Inc. (NYSE:EGLE), with an anti-ship ballistic missile in the Red Sea, causing no injuries or significant damage. The incident reflects heightened tensions in a key trade region and has led to a rally in shipping stocks, with European maritime companies like A.P. Moller-Maersk and Hapag-Lloyd AG seeing stock price increases. The Sonic Shares Global Shipping ETF (NYSE:BOAT) was not trading due to the U.S. market closure but has rallied 16% over the past month.

Portfolio Pulse from Piero Cingari

January 15, 2024 | 6:53 pm

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