Eagle Bulk Shipping (EGLE) Stock Price, News & Analysis

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eagle Bulk Shipping in the last year. There are currently 6 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" EGLE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EGLE, but not buy additional shares or sell existing shares.
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6 analysts have issued 12-month price targets for Eagle Bulk Shipping's shares. Their EGLE share price targets range from $52.00 to $63.50. On average, they expect the company's share price to reach $56.75 in the next year. This suggests that the stock has a possible downside of 9.3%.
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Eagle Bulk Shipping's stock was trading at $55.40 at the start of the year. Since then, EGLE shares have increased by 13.0% and is now trading at $62.60.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our EGLE earnings forecast.

Eagle Bulk Shipping Inc. (NASDAQ:EGLE) released its quarterly earnings data on Monday, March, 4th. The shipping company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.75 by $0.38. The shipping company earned $104.59 million during the quarter, compared to analyst estimates of $76.16 million. Eagle Bulk Shipping had a net margin of 5.77% and a trailing twelve-month return on equity of 4.62%.

Eagle Bulk Shipping announced a quarterly dividend on Friday, March 1st. Investors of record on Wednesday, March 13th will be paid a dividend of $0.60 per share on Thursday, March 21st. This represents a $2.40 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Tuesday, March 12th. This is a boost from the stock's previous quarterly dividend of $0.10.
Read our dividend analysis for EGLE.

Eagle Bulk Shipping (NASDAQ:EGLE) pays an annual dividend of $2.40 per share and currently has a dividend yield of 3.83%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 156.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EGLE will have a dividend payout ratio of 36.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EGLE.

ETFs with the largest weight of Eagle Bulk Shipping (NASDAQ:EGLE) stock in their portfolio include AltShares Merger Arbitrage ETF (ARB).IQ Merger Arbitrage ETF (MNA).

Eagle Bulk Shipping's stock reverse split on the morning of Tuesday, September 15th 2020. The 1-7 reverse split was announced on Monday, September 14th 2020. The number of shares owned by shareholders was adjusted after the closing bell on Monday, September 14th 2020. An investor that had 100 shares of stock prior to the reverse split would have 14 shares after the split.

1 employees have rated Eagle Bulk Shipping Chief Executive Officer Gary Vogel on Glassdoor.com. Gary Vogel has an approval rating of 100% among the company's employees. This puts Gary Vogel in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Eagle Bulk Shipping investors own include Pacific Basin Shipping (PCFBY), Chesapeake Energy (CHKAQ), Matinas BioPharma (MTNB), DHT (DHT), General Electric (GE), ADMA Biologics (ADMA), Advanced Micro Devices (AMD), Miragen Therapeutics (MGEN), Bank of America (BAC) and EnLink Midstream (ENLC).

Shares of EGLE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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