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Star Bulk Carriers (SBLK) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2024-09-17 23:06
The most recent trading session ended with Star Bulk Carriers (SBLK) standing at $21.08, reflecting a -0.47% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.03%. Meanwhile, the Dow experienced a drop of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.2%.Heading into today, shares of the shipping company had lost 0.84% over the past month, lagging the Transportation sector's gain of 3.7% and the S&P 500's gain of 1.54% in that time.Investors wi ...
High Dividend Yields Make These 2 Shipping Stocks Stand Out
MarketBeat· 2024-09-15 11:00
The worldwide maritime shipping industry is essential to distributing goods, including raw materials, commodities, gasoline, and jet fuel. With an impact on a host of different industries, shipping is in many ways a bellwether for global economic health.In the U.S., the lead-up to the 2024 presidential election has brought renewed discussion of tariffs. These taxes on imported or exported goods also play an important role in the shipping industry as well, potentially increasing shipping costs, affecting rou ...
Star Bulk(SBLK) - 2024 Q2 - Earnings Call Transcript
2024-08-08 18:22
Star Bulk Carriers Corp. (NASDAQ:SBLK) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Simos Spyrou - Co-CFO Nicos Rescos - COO Charis Plakantonaki - Chief Strategy Officer Petros Pappas - CEO Hamish Norton - President Constantine Nanopoulos - Deputy CFO Conference Call Participants Omar Nokta - Jefferies Operator Thank you for standing by ladies and gentlemen. And welcome to the Star Bulk Carriers Conference Call on the Second Quarter 2024 Financial Results. We have with u ...
Star Bulk(SBLK) - 2024 Q2 - Quarterly Report
2024-08-08 12:52
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2024 Commission File Number 001-33869 STAR BULK CARRIERS CORP. (Translation of registrant's name into English) Star Bulk Carriers Corp. c/o Star Bulk Management Inc. 40 Agiou Konstantinou Street, 15124 Maroussi, Athens, Greece (Address of principal executive offices) Indicate by check mark whether ...
Star Bulk Carriers (SBLK) Misses Q2 Earnings Estimates
ZACKS· 2024-08-07 22:21
Star Bulk Carriers (SBLK) came out with quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.27%. A quarter ago, it was expected that this shipping company would post earnings of $0.87 per share when it actually produced earnings of $0.87, delivering no surprise.Over the last four quarters, the compa ...
Star Bulk Announces Changes To Its Board Of Directors
Newsfilter· 2024-08-07 20:10
ATHENS, Greece, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, announced today the resignation of Mr. Sherman Lau, a Class B Director since May 2021. Ms. Milena Maria Pappas has been appointed by the Board, as Class B Director, to fill the seat made vacant by the resignation of Mr. Lau. The Board currently consists of ten directors. Petros Pappas, Chief Executive Officer of ...
Star Bulk Announces Conversion of All Eagle Bulk Convertible Notes
Newsfilter· 2024-08-01 17:00
ATHENS, Greece, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK), today announced that all the 5% Convertible Senior Notes, issued in July 2019 by our wholly-owned subsidiary, Eagle Bulk Shipping Inc. ("Convertible Notes'') maturing on August 1, 2024, were converted into 5,971,290 newly issued shares of Star Bulk common stock, basis a conversion ratio of 86.0801 shares of Star Bulk common stock per $1,000 principal amount of Convertible Notes. According ...
Star Bulk Carriers (SBLK) Rises Yet Lags Behind Market: Some Facts Worth Knowing
ZACKS· 2024-07-31 23:00
Star Bulk Carriers (SBLK) closed at $22.54 in the latest trading session, marking a +0.04% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.08%. Meanwhile, the Dow gained 0.75%, and the Nasdaq, a tech-heavy index, added 2.64%.The shipping company's stock has dropped by 9.3% in the past month, falling short of the Transportation sector's gain of 0.95% and the S&P 500's loss of 0.44%.Analysts and investors alike will be keeping a close eye on the performance of Star Bu ...
Star Bulk (SBLK) to Post Q2 Earnings: What's in the Offing?
ZACKS· 2024-07-30 14:41
Star Bulk Carriers (SBLK) is scheduled to report second-quarter 2024 results on Aug 7, after market close.The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at 79 cents per share and $329.4 million, respectively.The earnings estimate for the to-be-reported quarter has declined 1.3% in the past 60 days. The bottom-line projection indicates year-over-year growth of 68.1%. The Zacks Consensus Estimate for quarterly revenues indicates a year-over-year increase of 38%.S ...
Why Star Bulk Carriers (SBLK) Dipped More Than Broader Market Today
ZACKS· 2024-07-25 23:00
The latest trading session saw Star Bulk Carriers (SBLK) ending at $22.80, denoting a -1.68% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.51%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 0.93%.Coming into today, shares of the shipping company had lost 5.46% in the past month. In that same time, the Transportation sector lost 1.66%, while the S&P 500 lost 0.26%.Market participants will be closely following the financial re ...