Safe Bulkers (NYSE:SB) Releases Quarterly Earnings Results

Safe Bulkers (NYSE:SB) released its quarterly earnings results on Tuesday. The shipping company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01, Zacks reports. Safe Bulkers had a return on equity of 11.58% and a net margin of 33.17%.

Safe Bulkers Trading Up 2.9 %

Safe Bulkers stock opened at $3.70 on Wednesday. Safe Bulkers has a 52 week low of $3.31 and a 52 week high of $6.33. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $394.55 million, a P/E ratio of 4.11 and a beta of 0.90. The stock has a 50-day simple moving average of $3.56 and a 200 day simple moving average of $4.23.

Analysts Set New Price Targets

Several research firms have issued reports on SB. Jefferies Financial Group reissued a “buy” rating and issued a $6.00 price target on shares of Safe Bulkers in a research note on Thursday, November 14th. DNB Markets raised Safe Bulkers from a “hold” rating to a “buy” rating and set a $4.20 price target on the stock in a research note on Monday, January 27th. Finally, StockNews.com cut Safe Bulkers from a “buy” rating to a “hold” rating in a report on Monday, January 27th.

About Safe Bulkers

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.