Safe Bulkers (SB) Set to Announce Earnings on Monday

Safe Bulkers (NYSE:SB) will be releasing its earnings data after the market closes on Monday, April 29th.

Safe Bulkers (NYSE:SB) last issued its earnings results on Tuesday, February 13th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.10. The firm had revenue of $82.29 million for the quarter, compared to analysts’ expectations of $72.70 million. Safe Bulkers had a return on equity of 9.05% and a net margin of 27.20%. During the same quarter last year, the business earned $0.29 earnings per share. On average, analysts expect Safe Bulkers to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Safe Bulkers Stock Up 1.0 %

SB stock traded up $0.05 during mid-day trading on Thursday, reaching $4.98. The company had a trading volume of 88,799 shares, compared to its average volume of 835,386. The stock has a 50 day simple moving average of $4.78 and a two-hundred day simple moving average of $4.10. The company has a market capitalization of $555.82 million, a price-to-earnings ratio of 8.03 and a beta of 1.02. Safe Bulkers has a 52 week low of $2.97 and a 52 week high of $5.15. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.63 and a quick ratio of 2.33.

Safe Bulkers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 1st were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.20 annualized dividend and a yield of 4.02%. Safe Bulkers’s payout ratio is currently 32.26%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded shares of Safe Bulkers from a “hold” rating to a “buy” rating and upped their target price for the stock from $4.00 to $6.00 in a research report on Tuesday, February 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.