SBLK Stock Recent News

SBLK, BSVN and TSCDY made it to the Zacks Rank #1 (Strong Buy) value stocks list on March 26, 2023.

If you are looking for stocks that are well positioned to maintain their recent uptrend, Star Bulk Carriers (SBLK) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Dry bulk rates surged in 2021 and early 2022, benefiting shipping companies like Star Bulk Carriers Corp. Star Bulk's earnings declined in Q4 '23, with a decrease in revenue, net income, and adjusted EPS. Star Bulk announced a merger with Eagle Bulk Shipping, aiming to create a global leader in dry bulk shipping.

Star Bulk Carriers reported Q4 financial results with adjusted EPS of $0.73 and an average time charter equivalent rate of $18,296 per day per vessel. SBLK paid a dividend of $0.45 per share, a significant increase from the previous quarter. The merger deal with Eagle Bulk is expected to be completed in April 2024, with SBLK shareholders owning about 71% of the company's common stock.

Star Bulk Carriers Corp. (SBLK) Q4 2023 Earnings Call Transcript

Star Bulk Carriers (SBLK) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.90 per share a year ago.

Star Bulk (SBLK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Star Bulk Carriers (SBLK) reachead $22.83 at the closing of the latest trading day, reflecting a +1.11% change compared to its last close.

J Mintzmyer discusses the shipping sector, disruptions in the Red Sea, and investment opportunities. Tankers and containerships are the most impacted sectors, with rates surging and potential for a multi-year supercycle.

Star Bulk Carriers (SBLK) concluded the recent trading session at $21.74, signifying a +0.69% move from its prior day's close.