Safe Bulkers (NYSE:SB) Announces Quarterly Earnings Results

Safe Bulkers (NYSE:SB) issued its quarterly earnings data on Monday. The shipping company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01), Yahoo Finance reports. The company had revenue of $78.55 million for the quarter, compared to the consensus estimate of $69.16 million. Safe Bulkers had a return on equity of 10.86% and a net margin of 31.11%. During the same period in the prior year, the company earned $0.12 EPS.

Safe Bulkers Stock Down 1.0 %

Safe Bulkers stock traded down $0.05 during mid-day trading on Thursday, reaching $5.01. The company’s stock had a trading volume of 102,698 shares, compared to its average volume of 727,944. The business’s 50 day simple moving average is $5.73 and its 200 day simple moving average is $5.08. Safe Bulkers has a 12 month low of $2.97 and a 12 month high of $6.33. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.55 and a current ratio of 2.55. The company has a market capitalization of $534.92 million, a price-to-earnings ratio of 7.44 and a beta of 0.92.

Safe Bulkers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, August 21st. This represents a $0.20 annualized dividend and a dividend yield of 3.99%. Safe Bulkers’s dividend payout ratio is currently 29.41%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Safe Bulkers from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st.

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.