Star Bulk Carriers

Star Bulk Carriers Corp. provides seaborne transportation solutions in the dry bulk sector. The firm's vessels transport major bulks, which include iron ore, minerals and grain, and minor bulks, which include bauxite, fertilizers and steel products. The company was founded by Petros Alexandros Pappas on December 13, 2006 and is headquartered in Athens, Greece.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Star Bulk Carriers posts strong Q4 earnings amidst market optimism

Star Bulk Carriers delivered a robust performance in Q4 2022, driven by strong earnings, positive cash flow, and a commitment to shareholder value through dividends.
While facing challenges such as fleet upgrade expenses and cost management, the company remains well-positioned with a solid financial foundation and growth opportunities.
By capitalizing on its strengths in operational efficiency, ESG initiatives, and market outlook, Star Bulk can navigate challenges and leverage opportunities for sustainable growth.

Star Bulk Carriers reports robust Q1 earnings and advances ESG initiatives

Star Bulk Carriers' Q1 2023 performance reflects financial resilience, operational excellence, and a strategic focus on sustainable growth amidst industry challenges and opportunities.
The company's strengths in liquidity management, capital allocation discipline, and ESG leadership position it well for long-term value creation and competitive advantage.
While facing debt-related challenges and market uncertainties, Star Bulk Carriers can leverage fleet optimization, ESG commitments, and industry trends to drive future success and shareholder value.

Star Bulk Carriers posts solid Q2 earnings amidst sustainability drive

Star Bulk Carriers delivered strong financial results in Q2 2023, supported by robust earnings, shareholder returns, and operational efficiency.
While facing challenges such as upcoming dry dock expenses and cost management, the company remains well-positioned to capitalize on market opportunities.
By focusing on sustainability, innovation, and financial discipline, Star Bulk Carriers aims to navigate industry dynamics and drive long-term value for stakeholders.

Star Bulk Carriers posts solid Q3 results, eyes sustainable growth

Star Bulk Carriers delivered strong financial results in Q3, supported by a robust dividend payout and strategic fleet management decisions.
The company's ESG efforts and market focus on key trades provide a foundation for sustainable growth and operational efficiency.
While facing challenges related to debt levels and market dependencies, Star Bulk Carriers has opportunities to optimize shareholder value and navigate industry trends effectively.

Star Bulk Carriers excels in Q4, eyes sustainable growth

Star Bulk Carriers delivered a robust financial performance in Q4 2023, maintaining a strong cash position and strategic fleet management.
While facing challenges such as managing dry dock expenses and regulatory compliance, the company's proactive approach and environmental focus present growth opportunities.
Overall, Star Bulk's commitment to sustainability, operational efficiency, and market positioning bode well for future success in the dry bulk shipping industry.

Star Bulk Carriers posts solid Q1 earnings amidst ESG focus

Star Bulk Carriers delivered strong financial performance in Q1 2024, supported by robust earnings, liquidity position, and operational efficiency.
While facing challenges related to debt management and market uncertainties, the company's strategic focus on capital allocation, ESG initiatives, and fleet modernization presents growth opportunities.
By maintaining financial discipline, pursuing sustainable practices, and leveraging market trends, Star Bulk is poised to navigate challenges and capitalize on future opportunities in the shipping industry.

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High vessel operating expenses are likely to have hurt SBLK's bottom-line performance in Q3.

Star Bulk to Report Q3 Earnings: What's in Store for the Stock?

In the closing of the recent trading day, Star Bulk Carriers (SBLK) stood at $20.33, denoting a +1.14% change from the preceding trading day.

Why Star Bulk Carriers (SBLK) Outpaced the Stock Market Today

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Wall Street Analysts Think Star Bulk Carriers (SBLK) Is a Good Investment: Is It?

ATHENS, Greece, Nov. 05, 2024 (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, 2024, after the market closes in New York on Tuesday, November 19, 2024. Star Bulk's management team will host a conference call to discuss the Company's financial results on Wednesday, November 20, 2024 at 11:00 a.m. Eastern Time (ET).

Star Bulk Announces Date for the Release of Third Quarter Ended September 30, 2024 Results, Conference Call and Webcast

Star Bulk Carriers (SBLK) closed the most recent trading day at $19.05, moving +0.05% from the previous trading session.

Star Bulk Carriers (SBLK) Ascends While Market Falls: Some Facts to Note

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) Earnings Expected to Grow: What to Know Ahead of Q3 Release

Star Bulk Carriers (SBLK) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Is Most-Watched Stock Star Bulk Carriers Corp. (SBLK) Worth Betting on Now?

In the closing of the recent trading day, Star Bulk Carriers (SBLK) stood at $19.03, denoting a -1.65% change from the preceding trading day.

Star Bulk Carriers (SBLK) Stock Declines While Market Improves: Some Information for Investors

The latest trading day saw Star Bulk Carriers (SBLK) settling at $19.91, representing a -1.04% change from its previous close.

Star Bulk Carriers (SBLK) Declines More Than Market: Some Information for Investors

Star Bulk Carriers (SBLK) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Star Bulk Carriers Corp. (SBLK) is Attracting Investor Attention: Here is What You Should Know

Star Bulk Carriers (SBLK) concluded the recent trading session at $19.88, signifying a -0.23% move from its prior day's close.

Star Bulk Carriers (SBLK) Stock Drops Despite Market Gains: Important Facts to Note

The latest trading day saw Star Bulk Carriers (SBLK) settling at $20.64, representing a -1.95% change from its previous close.

Star Bulk Carriers (SBLK) Stock Sinks As Market Gains: Here's Why

Star Bulk Carriers owns a large, diversified fleet of 159 vessels, with 97% equipped with scrubbers. SBLK reported strong 2Q24 results with a 47% YoY revenue increase, a 127% net profit growth, and a $0.70/share dividend, yielding 9.79%. The Eagle Bulk merger improved cost structure, reducing crew management costs by $600/day, and enhancing operational efficiency despite an older fleet.

Star Bulk Carriers: Appealing Income Idea For Investors In The Dry Bulk Segment

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In late 2023, many analysts called for 2024 to be the year of a small-cap stock renaissance. These stocks were battered as the Federal Reserve aggressively raised interest rates.

3 Small-Cap Stocks on the Way to Bigger and Better Days

Following the Eagle merger, Star Bulk is now the leading dry bulk carrier sector fleet operator. Its improved performance over the past 3 years were driven by high freight rates. Despite declining freight rates, Star Bulk's strong track record in operating efficiencies and potential USD 50 million synergies from the merger present a significant investment opportunity. Apart from being financially sound, my valuation shows a 56% margin of safety, supported by other metrics and a Monte Carlo simulation.

Star Bulk Carrier: The Market Is Not Pricing The Benefits Of The Eagle Merger

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Star Bulk Carriers (SBLK) Is Considered a Good Investment by Brokers: Is That True?

In the most recent trading session, Star Bulk Carriers (SBLK) closed at $22.80, indicating a +0.35% shift from the previous trading day.

Why the Market Dipped But Star Bulk Carriers (SBLK) Gained Today

Value Investor's Edge Live continues with the latest episode focused on the dry bulk shipping sector. Star Bulk Carriers is the largest US-listed dry bulk owner, with a roughly $2.6B market capitalization.

Dry Bulk Market Update: Star Bulk Carriers Interview (Podcast Transcript)

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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.

High Dividend Yields Make These 2 Shipping Stocks Stand Out

ATHENS, Greece, Sept. 09, 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 sale of the Capesize m/v Star Triumph, the oldest vessel of its fleet (2004 built), at a gross price of $20.0 million, with net proceeds (after repayment of associated debt) of approximately $13.0 million. The Company expects to record a gain on sale of the vessel of approximately $7.7 million during the 3rd quarter of 2024.

Star Bulk Announces Vessel Sale and Repurchase of Common Shares

I have a buy rating on Star Bulk Carriers due to its strong financial position, attractive valuation, and high dividend yield. Despite mixed quarterly results, SBLK's revenue growth and liquidity position make it well-positioned to weather potential macro and industry-specific volatility. Key risks include economic weakness in China and potential geopolitical conflicts, which could pressure shipping rates and demand.

Star Bulk Carriers: Financial Strength And A High Yield Outweigh Macro Concerns

BDI has further pulled back, attributing to the recent pessimism surrounding China's steel demand and the prolonged slump in the property market. Even so, SBLK continues to guide promising FQ3'24 contracted TCE rates, while reporting rich FQ2'24 adj EBITDA margins despite the higher dry docking expenses. The management expects to deliver increasing synergy in its operations and lower operating expenses over the next six quarters as well.

Star Bulk Carriers: Macro Events Point To Favorable H2 2024 Outlook, Reiterate Buy

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.

Star Bulk Carriers Corp. (SBLK) Q2 2024 Earnings Call Transcript

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.

Star Bulk Carriers (SBLK) Misses Q2 Earnings Estimates

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.

News for Star Bulk Carriers Stock (SBLK)