Safe Bulkers (SB) Scheduled to Post Quarterly Earnings on Monday

Safe Bulkers (NYSE:SB) will issue its quarterly earnings data after the market closes on Monday, April 29th. Parties that wish to register for the company’s conference call can do so using this link.

Safe Bulkers (NYSE:SB) last announced its earnings results on Tuesday, February 13th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.10. Safe Bulkers had a return on equity of 9.05% and a net margin of 27.20%. The firm had revenue of $82.29 million during the quarter, compared to analyst estimates of $72.70 million. During the same period last year, the firm posted $0.29 EPS. 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 Trading Up 0.4 %

Shares of Safe Bulkers stock opened at $5.06 on Friday. Safe Bulkers has a 1 year low of $2.97 and a 1 year high of $5.15. The firm has a market cap of $564.74 million, a PE ratio of 8.16 and a beta of 1.02. The stock has a fifty day moving average price of $4.82 and a 200-day moving average price of $4.12. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 1st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.95%. The ex-dividend date was Thursday, February 29th. Safe Bulkers’s dividend payout ratio is presently 32.26%.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised Safe Bulkers from a “hold” rating to a “buy” rating and raised their target price for the company 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.