Safe Bulkers (NYSE:SB) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Safe Bulkers (NYSE:SB) posted its quarterly earnings data on Tuesday. The shipping company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01, Zacks reports. Safe Bulkers had a return on equity of 10.12% and a net margin of 31.65%. The business had revenue of $69.16 million during the quarter, compared to the consensus estimate of $71.90 million.

Safe Bulkers Trading Down 0.1 %

Shares of Safe Bulkers stock opened at $3.69 on Thursday. Safe Bulkers has a 12-month low of $3.31 and a 12-month high of $6.33. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $3.55 and its 200-day moving average is $4.22. The stock has a market cap of $393.48 million, a P/E ratio of 4.44 and a beta of 0.90.

Safe Bulkers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 5.43%. The ex-dividend date is Monday, March 3rd. Safe Bulkers’s dividend payout ratio (DPR) is 24.10%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SB shares. DNB Markets raised Safe Bulkers from a “hold” rating to a “buy” rating and set a $4.20 price target for the company in a research report on Monday, January 27th. Jefferies Financial Group restated a “buy” rating and set a $6.00 target price on shares of Safe Bulkers in a report on Wednesday. Finally, StockNews.com lowered shares of Safe Bulkers from a “buy” rating to a “hold” rating in a research note on Monday, January 27th.

Safe Bulkers Company Profile

Safe Bulkers, Inc, together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. The company has a fleet of 47 drybulk vessels having an aggregate carrying capacity of 4,719,600 deadweight tons.