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Eagle Bulk Shipping Inc (EGLE) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Eagle Bulk Shipping Inc (EGLE) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Eagle Bulk Shipping Inc owns fleets of Supramax/Ultramax dry bulk vessels. The company transports major and minor bulk cargoes, including coal, grain, ore, petcoke, cement and fertilizer with its 41 owned and operated fleet of Handymax dry bulk vessels. Eagle Bulk Shipping Inc has a market cap of $326.150 million; its shares were traded at around $4.59 with a P/E ratio of 25.51 and P/S ratio of 1.03.


For the last quarter Eagle Bulk Shipping Inc reported a revenue of $86.7 million, compared with the revenue of $74.59 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $310.1 million, an increase of 31% from last year. For the last five years Eagle Bulk Shipping Inc had an average revenue growth rate of 11.2% a year.

The reported diluted earnings per share was 18 cents for the year, compared with the loss per share of $133.36 in the previous year. The Eagle Bulk Shipping Inc had a decent operating margin of 12.02%, compared with the operating margin of -0.96% a year before. The 10-year historical median operating margin of Eagle Bulk Shipping Inc is -0.82%. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Eagle Bulk Shipping Inc has the cash and cash equivalents of $67.2 million, compared with $56.3 million in the previous year. The long term debt was $301.6 million, compared with $313.7 million in the previous year. The interest coverage to the debt is 1.4, which is not a favorable level. Eagle Bulk Shipping Inc has a financial strength rank of 5 (out of 10).

At the current stock price of $4.59, Eagle Bulk Shipping Inc is traded at close to its historical median P/S valuation band of $4.31. The P/S ratio of the stock is 1.03, while the historical median P/S ratio is 1.00. The stock lost 13.95% during the past 12 months.

Directors and Officers Recent Trades:

  • 10% Owner Asset Management Lp Goldentree bought 445,432 shares of EGLE stock on 03/11/2019 at the average price of $4.46. The price of the stock has increased by 2.91% since.
  • 10% Owner Asset Management Lp Goldentree bought 200,447 shares of EGLE stock on 03/07/2019 at the average price of $4.56. The price of the stock has increased by 0.66% since.
  • 10% Owner Asset Management Lp Goldentree bought 1,444 shares of EGLE stock on 02/20/2019 at the average price of $4.64. The price of the stock has decreased by 1.08% since.
  • 10% Owner Asset Management Lp Goldentree bought 174,363 shares of EGLE stock on 02/13/2019 at the average price of $4.55. The price of the stock has increased by 0.88% since.

For the complete 20-year historical financial data of EGLE, click here.

This article first appeared on GuruFocus.