Star Bulk Carriers
As the name implies, Star Bulk Carriers Corp. (NASDAQ: SBLK) ships dry bulk cargoes like ore, coal and grain globally with a fleet of 128 vessels of various sizes. The Greece-based carrier has seen its stock decline by about 34% over the past 12 months. But that is not what attracts investors. A massive dividend yield of $5.10 nearly offsets the 12-month share price decline of $5.90. But an investor who bought in at the 52-week low got a nice payback of around $8.50 plus the dividend. With shipping stocks, it is always about timing. Star reports earnings late Tuesday.
Of six analysts covering the stock, five have a Buy rating. At a share price of around $18.60, the upside potential based on a median price target of $30.00 is 61.3%. At the high target of $33.00, the upside potential is 77.4%.
For the company’s first quarter of fiscal 2023, analysts anticipate revenue of $163.58 million, down about 25.8% sequentially and by 46.8% year over year. Adjusted EPS are forecast at $0.29, down 68.2% sequentially and 83.1% lower year over year. For the full fiscal year, EPS are forecast to come in at $3.37, down 43.2%, on sales of $922.81 million, down 19.8%.
Star Bulk stock trades at 2.2 times expected 2023 EPS, 4.7 times estimated 2024 earnings of $3.95 and 3.2 times estimated 2025 earnings of $5.87 per share. The stock’s 52-week range is $16.85 to $33.99. Star Bulk pays an annual dividend of $5.10 (yield of 27.36%). Total shareholder return for the past year was negative 19.50%.
Target
Target Corp. (NYSE: TGT) posted its 52-week high one year ago and plummeted after the company missed the consensus EPS estimate by nearly 30%. The stock has recovered somewhat but is still down more than 27% for the 12-month period.
Investors and analysts are concerned that consumer spending has slowed and will slow more in the remainder of the year. Macy’s and Nordstrom shares are down by around the same amount as Target, while Walmart, which reports Thursday morning, has posted a share price gain of nearly 6% over the past 12 months, and TJX, reporting Wednesday morning, has added 41.2% in the period. Target, which is lumped together with the more upscale retailers, also reports results Wednesday morning.
Of 36 analysts covering Target, 20 have a Buy or Strong Buy rating and 16 rate it at Hold. At a share price of around $158.00, the upside potential based on a median price target of $180.00 is about 13.9%. At the high price target of $220.00, the upside potential is 39.2%.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
