Safe Bulkers (NYSE:SB) Issues Quarterly Earnings Results

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

Safe Bulkers Trading Down 1.4 %

NYSE:SB opened at $5.06 on Thursday. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.63. Safe Bulkers has a 1-year low of $2.97 and a 1-year high of $6.33. The firm has a market capitalization of $540.26 million, a price-to-earnings ratio of 7.44 and a beta of 0.92. The stock has a fifty day simple moving average of $5.73 and a 200 day simple moving average of $5.08.

Safe Bulkers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Wednesday, August 21st will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.95%. Safe Bulkers’s dividend payout ratio (DPR) is 29.41%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Safe Bulkers from a “hold” rating to a “buy” rating in a research 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.