For its first fiscal quarter (ending March 31), Star Bulk Carriers Corp (NASDAQ: SBLK) has reported E.P.S. of $0.89 compared to $0.45 a year ago. E.P.S. were $2.24 for the latest four quarters through March 31 versus $4.33 for the same period a year ago.
Recent Price Action
On 5/22/24, Star Bulk Carriers Corp (NASDAQ: SBLK) stock declined by -2.7%, closing at $25.57. This decline was accompanied by normal trading volume. The stock has been exceptionally strong relative to the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, SBLK is expected to continue to be a major Value Builder.
Star Bulk Carriers has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Star Bulk Carriers has a neutral Appreciation Score of 57 but a very high Power Rating of 92, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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