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

Safe Bulkers (NYSE:SB) announced its earnings results on Tuesday. The shipping company reported $0.15 EPS for the quarter, topping 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 Price Performance

SB opened at $3.70 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.52. Safe Bulkers has a 12 month low of $3.31 and a 12 month high of $6.33. The company has a fifty day simple moving average of $3.56 and a 200 day simple moving average of $4.23. The stock has a market cap of $394.55 million, a P/E ratio of 4.11 and a beta of 0.90.

Analysts Set New Price Targets

SB has been the subject of several research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $6.00 price objective on shares of Safe Bulkers in a research report on Thursday, November 14th. DNB Markets upgraded shares of Safe Bulkers from a “hold” rating to a “buy” rating and set a $4.20 price objective for the company in a research report on Monday, January 27th. Finally, StockNews.com cut shares of Safe Bulkers from a “buy” rating to a “hold” rating in a research 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.