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Star Bulk Carriers (SBLK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Star Bulk Carriers (SBLK) closed at $18.82 in the latest trading session, marking a -1.83% move from the prior day.
ATHENS, Greece, Oct. 11, 2023 (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 September 30, 2023, after the market closes in New York on Monday, November 13, 2023. Star Bulk's management team will host a conference call to discuss the Company's financial results on Tuesday, November 14, 2023 at 11:00 a.m. Eastern Time (ET).
SBLK and AUB made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 6, 2023.
SBLK made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 6, 2023.
Star Bulk Carriers (SBLK) displays its shareholder-friendly approach by announcing new share buyback scheme.
Star Bulk Carriers is a Greece-based shipping company that transports bulk commodities such as iron ore, minerals, grains, and fertilizers worldwide. I review the market outlook for dry bulk carriers and also reassess my previous "Buy" rating for SBLK stock. SBLK's balance sheet looks healthy. The cash flow generation is still solid. With strategic refinancings and vessel sales, I believe SBLK is poised for a resilient and promising future.
Star Bulk Carriers has recorded another quarter of improved TCE rates compared to most of its dry bulk peers and industry averages, with the preliminary FQ3'23 rates also highly promising. In addition, the company records market-leading daily OPEX per vessel of $4.91K in FQ2'23, naturally triggering its expanded profitability and variable dividend payouts. With SBLK's balance sheet in much better shape post hyper pandemic windfall, we believe investors may still look forward to excellent payouts ahead.
Blue-chip dividend stocks are a must-have for the core portfolio. These stocks represent companies with stable cash flows and have a low beta.
Marine shipping industry offers high dividend yields due to volatility and fluctuating shipping rates. Star Bulk Carriers Corp. experienced a decrease in earnings due to lower dry bulk rates in Q2 2023. Star Bulk Carriers has low operating expenses and is investing in efficiency upgrades and emissions compliance.