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Star Bulk Carriers (SBLK) Laps the Stock Market: Here's Why
Zacks Investment Research· 2024-02-08 00:16
The latest trading session saw Star Bulk Carriers (SBLK) ending at $22.83, denoting a +1.11% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.82%. Meanwhile, the Dow gained 0.41%, and the Nasdaq, a tech-heavy index, added 0.95%.Heading into today, shares of the shipping company had gained 9.61% over the past month, outpacing the Transportation sector's gain of 2.33% and the S&P 500's gain of 5.59% in that time.The upcoming earnings release of Star Bulk ...
Star Bulk Announces Date for the Release of Fourth Quarter and Twelve Months Ended December 31, 2023 Results, Conference Call and Webcast
Newsfilter· 2024-02-07 15:45
ATHENS, Greece, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK) today announced that it will release its results for the fourth quarter and twelve months ended December 31, 2023 after the market closes in New York on Monday, February 12, 2024. Star Bulk's management team will host a conference call to discuss the Company's financial results on Tuesday, February 13, 2024 at 11:00 a.m. Eastern Time (ET). Conference Call details: Participants should dial ...
Star Bulk: Excellent Fleet, Attractive Value, And Macro Tailwinds
Seeking Alpha· 2024-01-21 05:58
sandsun Introduction Star Bulk Carriers Corp. (NASDAQ:SBLK) is a leading bulk carrier company. SBLK has 127 vessels across all sizes, from Ultaramax to Capesize. The fleet's average age is 11 years, and 94% of the ships are equipped with scrubbers. On December 11, 2023, SBLK announced the company agreed with Eagle Bulk Shipping Inc. (EGLE). Both companies will have 169 vessels, and 97% will be scrubber-equipped. SBLK has healthy finances with $297 million cash, $886 million total debt, and $846 million long ...
Star Bulk Carriers (SBLK) Stock Dips While Market Gains: Key Facts
Zacks Investment Research· 2024-01-13 00:33
Group 1 - Star Bulk Carriers (SBLK) closed at $20.48, showing a -0.1% change from the previous day, underperforming the S&P 500's gain of 0.08% [1] - Over the past month, Star Bulk Carriers' shares increased by 1.03%, lagging behind the Transportation sector's gain of 1.58% and the S&P 500's gain of 3.52% [1] - The upcoming financial results are expected to show an EPS of $0.59, a decline of 34.44% year-over-year, with projected revenue of $234.19 million, down 20.56% from the previous year [1] Group 2 - Recent analyst estimate revisions for Star Bulk Carriers indicate evolving short-term business trends, with positive revisions suggesting optimism about the company's outlook [2] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with stocks rated 1 averaging a +25% annual return since 1988; Star Bulk Carriers currently holds a Zacks Rank of 3 (Hold) [2] Group 3 - Star Bulk Carriers has a Forward P/E ratio of 6.05, which is lower than the industry's Forward P/E of 7.29, indicating a valuation discount [3] - The Transportation - Shipping industry ranks in the bottom 16% of all industries, with a current Zacks Industry Rank of 213 [3] - The Zacks Industry Rank measures the average Zacks Rank of individual stocks within the industry, showing that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [3]
Star Bulk(SBLK) - 2023 Q3 - Earnings Call Transcript
2023-11-14 20:14
Star Bulk Carriers Corp. (NASDAQ:SBLK) Q3 2023 Earnings Conference Call November 14, 2023 11:00 AM ET Company Participants Christos Begleris - Co-CFO Nicos Rescos - COO Charis Plakantonaki - CSO Petros Pappas - CEO Hamish Norton - President Simos Spyrou - Co-CFO Conference Call Participants Chris Robertson - Deutsche Bank Omar Nokta - Jefferies Ben Nolan - Stifel Nathan Ho - Bank of America Bendik Folden Nyttingnes - Clarksons Securities Operator Thank you for standing by, ladies and gentlemen, and welcome ...
Star Bulk(SBLK) - 2023 Q3 - Earnings Call Presentation
2023-11-14 15:41
FINANCIAL RESULTS Q3 2023 Forward-Looking Statements Exceptforthehistoricalinformationcontainedherein,thispresentationcontainsamongotherthings,certainforward-lookingstatementsthatinvolverisksanduncertainties. Suchstatementsmayinclude,withoutlimitation,statementswithrespecttotheCompany’splans,objectives,expectationsandintentionsandotherstatementsidentifiedby wordssuchas“may”,‘’could”,“would”,”should”,”believes”,”expects”,”anticipates”,”estimates”,”intends”,”plans”orsimilarexpressions.Thesestatementsarebasedu ...
Star Bulk(SBLK) - 2023 Q3 - Quarterly Report
2023-11-12 16:00
Exhibit 99.1 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following is a discussion of the financial condition and results of operations of Star Bulk Carriers Corp. ("Star Bulk") for the nine-month periods ended September 30, 2022 and 2023. Unless otherwise specified herein, references to the "Company," "we," "us" or "our" shall include Star Bulk and its subsidiaries. You should read the following discussion and analysis together with the unaudited interim conden ...
Star Bulk(SBLK) - 2023 Q2 - Earnings Call Presentation
2023-08-10 08:38
FINANCIAL RESULTS Q2 2023 Forward-Looking Statements Exceptforthehistoricalinformationcontainedherein,thispresentationcontainsamongotherthings,certainforward-lookingstatementsthatinvolverisksanduncertainties. Suchstatementsmayinclude,withoutlimitation,statementswithrespecttotheCompany’splans,objectives,expectationsandintentionsandotherstatementsidentifiedby wordssuchas“may”,‘’could”,“would”,”should”,”believes”,”expects”,”anticipates”,”estimates”,”intends”,”plans”orsimilarexpressions.Thesestatementsarebasedu ...
Star Bulk(SBLK) - 2023 Q2 - Earnings Call Transcript
2023-08-04 16:52
Star Bulk Carriers Corporation (NASDAQ:SBLK) Q2 2023 Earnings Conference Call August 4, 2023 11:00 AM ET Company Participants Christos Begleris - Co-CFO Nicos Rescos - COO Charis Plakantonaki - Chief Strategy Officer Petros Pappas - Founder, CEO & Director Hamish Norton - President Simos Spyrou - Co-CFO Conference Call Participants Christopher Robertson - Deutsche Bank Omar Nokta - Jefferies Operator Thank you for standing by, ladies and gentlemen, and welcome to the Star Bulk Carriers Conference Call on th ...
Star Bulk(SBLK) - 2023 Q1 - Earnings Call Transcript
2023-05-17 18:32
Star Bulk Carriers Corp. (NASDAQ:SBLK) Q1 2023 Results Conference Call May 17, 2023 11:00 AM ET Company Participants Petros Pappas - CEO Hamish Norton - President Simos Spyrou - Co-CFO Christos Begleris - Co-CFO Nicos Rescos - COO Charis Plakantonaki - CSO Conference Call Participants Chris Robertson - Deutsche Bank Omar Nokta - Jefferies Ben Nolan - Stifel Operator Thank you for standing by, ladies and gentlemen, and welcome to the Star Bulk Carriers Conference Call on the First Quarter 2023 Financial Resu ...