Reviewing Eagle Bulk Shipping (EGLE) & Its Competitors

Eagle Bulk Shipping (NASDAQ: EGLE) is one of 44 publicly-traded companies in the “Deep sea foreign transportation of freight” industry, but how does it weigh in compared to its competitors? We will compare Eagle Bulk Shipping to similar companies based on the strength of its analyst recommendations, valuation, dividends, risk, institutional ownership, profitability and earnings.

Analyst Recommendations

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This is a summary of current ratings and target prices for Eagle Bulk Shipping and its competitors, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Eagle Bulk Shipping 0 1 2 0 2.67
Eagle Bulk Shipping Competitors 333 885 1006 10 2.31

Eagle Bulk Shipping currently has a consensus price target of $6.00, suggesting a potential upside of 18.34%. As a group, “Deep sea foreign transportation of freight” companies have a potential upside of 35.62%. Given Eagle Bulk Shipping’s competitors higher probable upside, analysts clearly believe Eagle Bulk Shipping has less favorable growth aspects than its competitors.

Valuation & Earnings

This table compares Eagle Bulk Shipping and its competitors top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Eagle Bulk Shipping $236.79 million -$43.79 million -12.07
Eagle Bulk Shipping Competitors $322.00 million -$35.04 million -6.91

Eagle Bulk Shipping’s competitors have higher revenue and earnings than Eagle Bulk Shipping. Eagle Bulk Shipping is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Risk & Volatility

Eagle Bulk Shipping has a beta of 2.26, suggesting that its share price is 126% more volatile than the S&P 500. Comparatively, Eagle Bulk Shipping’s competitors have a beta of 1.25, suggesting that their average share price is 25% more volatile than the S&P 500.

Profitability

This table compares Eagle Bulk Shipping and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Eagle Bulk Shipping -18.50% -6.04% -3.60%
Eagle Bulk Shipping Competitors -19.96% -4.22% -1.10%

Institutional and Insider Ownership

28.9% of Eagle Bulk Shipping shares are owned by institutional investors. Comparatively, 44.8% of shares of all “Deep sea foreign transportation of freight” companies are owned by institutional investors. 2.9% of Eagle Bulk Shipping shares are owned by insiders. Comparatively, 23.8% of shares of all “Deep sea foreign transportation of freight” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Summary

Eagle Bulk Shipping competitors beat Eagle Bulk Shipping on 9 of the 13 factors compared.

Eagle Bulk Shipping Company Profile

Eagle Bulk Shipping Inc. is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels. The Company owns Supramax dry bulk vessel. Supramax dry bulk vessels range in size from 50,000 to 60,000 deadweight tons. These vessels have the cargo loading and unloading flexibility of on-board cranes while offering cargo carrying capacities approaching that of Panamax dry bulk vessels, which range in size from 60,000 to 100,000 deadweight tons and must rely on port facilities to load and offload their cargoes. On July 26, 2011 the Company sold its the Heron, a Supramax class of vessel.

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