Core Points - Star Bulk Carriers Corp. has completed its merger with Eagle Bulk Shipping Inc., creating a global leader in dry bulk shipping [1] - Each Eagle shareholder received 2.6211 shares of Star Bulk common stock for each share of Eagle common stock owned, and Eagle common stock has ceased trading [1] - The merger is expected to enhance Star Bulk's scale, financial profile, and technical capabilities, aiming to deliver sustainable value for shareholders [1] Company Overview - Star Bulk is a global shipping company focused on dry bulk cargo transportation, with a fleet of 163 owned vessels and an aggregate capacity of 15.6 million deadweight tons (dwt) [4] - The company transports major bulks such as iron ore, minerals, and grain, as well as minor bulks including bauxite, fertilizers, and steel products [4] - Star Bulk was incorporated in the Marshall Islands in 2006 and has executive offices in multiple locations including Athens, New York, and Singapore [4] Leadership Changes - Following the merger, Gary Weston has joined the Star Bulk Board of Directors, and Bo Westergaard has joined the new leadership team [2] - Costa Tsoutsoplides will serve as interim Senior Advisor to assist with the integration of the businesses [2] Advisory Information - Cravath, Swaine & Moore LLP acted as legal counsel for Star Bulk, while Houlihan Lokey served as financial advisor to Eagle [3] - Akin Gump Strauss Hauer & Feld LLP and Hogan Lovells US LLP provided legal counsel to Eagle and its Board of Directors, respectively [3]

Company Performance - Star Bulk Carriers (SBLK) closed at $23.85, reflecting a -0.13% change from the previous day, underperforming the S&P 500's loss of 0.04% [1] - Over the last month, the company's shares decreased by 4.06%, contrasting with the Transportation sector's gain of 1.29% and the S&P 500's gain of 2.57% [1] - The upcoming earnings report is projected to show an EPS of $0.87, indicating a 141.67% increase year-over-year, with revenue expected at $264.59 million, up 18.1% from the previous year [1] Earnings Estimates - For the full year, the Zacks Consensus Estimates project earnings of $4.31 per share and revenue of $1.26 billion, reflecting increases of +134.24% and +33.15% respectively from the prior year [2] - Recent adjustments to analyst estimates are crucial as they reflect short-term business trends, with positive revisions indicating analysts' confidence in the company's performance [2] Zacks Rank and Valuation - Star Bulk Carriers currently holds a Zacks Rank of 1 (Strong Buy), with the EPS estimate having shifted 63.26% upward over the past month [3] - The company is trading at a Forward P/E ratio of 5.54, which is a discount compared to the industry average Forward P/E of 8.05 [3] - The Transportation - Shipping industry has a Zacks Industry Rank of 77, placing it in the top 31% of over 250 industries [3]

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...

Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.Now that we know how important ear ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31,2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...

Company Overview - Star Bulk Carriers Corp. is a global shipping company specializing in the transportation of dry bulk cargoes, including major bulks like iron ore, minerals, and grain, as well as minor bulks such as bauxite, fertilizers, and steel products [2] - The company was incorporated in the Marshall Islands on December 13, 2006, and has executive offices in Athens, New York, Limassol, and Singapore [2] - Star Bulk operates a fleet of 110 vessels with a total capacity of 13.2 million deadweight tons (dwt), featuring various vessel types including Newcastlemax, Capesize, Mini Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax, with carrying capacities ranging from 53,489 dwt to 209,537 dwt [2] Recent Developments - Effective immediately, Computershare Trust Company, N.A. has been appointed as the Sole Transfer Agent and Registrar for Star Bulk's shares trading under the ticker symbol SBLK on NASDAQ [1] - Shareholders are not required to take any action regarding this change, and all inquiries related to SBLK holdings with the previous transfer agent should now be directed to Computershare [1]

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.Our " ...

Denys Yelmanov Fishing for high yield income in 2024? The marine shipping industry has long been a source of high percentage dividend yields, due to the up and down cycles of shipping rates and general volatility. Dry bulk rates surged in 2021 and early 2022, benefiting some shipping companies, such as Star Bulk Carriers Corp. (NASDAQ:SBLK). Rates have decreased since then, which has created some rough looking quarterly earnings comps. Company Profile: Star Bulk is a global shipping company that provide ...

1001slide/iStock via Getty Images Investment Thesis Before Star Bulk Carriers Corp. (NASDAQ:SBLK) released its Q3 financial results last year, we took stock and shared our view on what we expected from them. We had estimated that they would earn on average $14,081 per day per vessel, and they came in roughly one thousand dollars above this. Fast-forward and we now have Q4 results and FY 2023 numbers just released. Let us look at how they compare and whether our line of Buy stance can remain. Latest Financia ...

Financial Data and Key Metrics Changes - Net income for Q4 2023 was approximately $40 million, with adjusted net income of about $64 million and adjusted EBITDA of $114 million [4] - Declared a dividend per share of $0.45, with total shareholder returns since June 2021 amounting to $1.1 billion in dividends and over $400 million in share buybacks [4] - Pro forma total debt stands at approximately $1.121 billion, with a pro forma net debt of about $800 million [4] Business Line Data and Key Metrics Changes - Time charter equivalent (TCE) rate was $18,296 per vessel per day, with combined daily operating expenses and net cash G&A expenses per vessel at $6,081, resulting in a TCE less OpEx and G&A of approximately $12,215 per day per vessel [5] - During Q4, the company sold 7 vessels for total gross proceeds of $122 million, further reducing the average fleet age and improving fleet efficiency [12] Market Data and Key Metrics Changes - Total dry bulk trade in 2023 expanded by 4.4% in ton miles, with a 6.2% year-over-year increase in trade volumes during Q4, driven by record coal and iron ore exports [22] - China’s dry bulk imports increased by 12.2% despite weak macroeconomic sentiment, supported by infrastructure investment and manufacturing [22] - Dry bulk demand is projected to increase by 1% in 2024, with a strong recovery expected from the rest of the world [23] Company Strategy and Development Direction - The company is focused on fleet renewal and operational efficiency, with plans to integrate the Eagle merger to create a global leader in dry bulk shipping [8][12] - Continued investment in upgrading the fleet with the latest operational technologies to improve fuel consumption and reduce environmental impact [14] - The company aims to maintain a diverse, scrubber-fitted fleet to capitalize on market opportunities [27] Management's Comments on Operating Environment and Future Outlook - Management highlighted that inefficiencies in the Red Sea and Panama Canal, along with geopolitical factors, are positively impacting shipping demand [43] - The company expects these inefficiencies to persist, supporting a strong market through 2024 and potentially into 2025 [44] - Environmental regulations and a low order book are anticipated to affect supply dynamics positively [44] Other Important Information - The company completed a $380 million share repurchase, funded by vessel sale proceeds and new debt financing [6] - The merger with Eagle is expected to close in early April 2024, pending shareholder approval [9] Q&A Session Summary Question: Dividend expectations for Q1 - Management does not provide guidance on dividends but indicated that Q1 is not looking at a significant change [31][32] Question: Impact of disruptions in the Red Sea on dry bulk market - Management confirmed that they will avoid the Suez Canal due to safety concerns, which could lead to longer shipping routes and increased costs [34][35] Question: Fleet strategy post-acquisition - The company will focus on growth and fleet renewal, ensuring timely sales of older vessels and acquisitions of newer ones [51]