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

Safe Bulkers (NYSE:SB) announced its quarterly earnings data on Tuesday. The shipping company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01, Zacks reports. Safe Bulkers had a return on equity of 10.12% and a net margin of 31.65%. The business had revenue of $69.16 million during the quarter, compared to analysts’ expectations of $71.90 million.

Safe Bulkers Price Performance

NYSE SB opened at $3.69 on Thursday. 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 cap of $393.48 million, a price-to-earnings ratio of 4.44 and a beta of 0.90. The business has a 50 day simple moving average of $3.55 and a 200 day simple moving average of $4.22. Safe Bulkers has a 52-week low of $3.31 and a 52-week high of $6.33.

Safe Bulkers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend is Monday, March 3rd. Safe Bulkers’s dividend payout ratio (DPR) is presently 24.10%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and set a $6.00 target price on shares of Safe Bulkers in a research report on Wednesday. StockNews.com cut shares of Safe Bulkers from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Finally, DNB Markets upgraded shares of Safe Bulkers from a “hold” rating to a “buy” rating and set a $4.20 target price on the stock 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.