Safe Bulkers (SB) Getting Somewhat Positive Press Coverage, Study Shows
Media coverage about Safe Bulkers (NYSE:SB) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Safe Bulkers earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the shipping company an impact score of 45.5005349147368 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- Zacks: Brokerages Anticipate Safe Bulkers, Inc (SB) Will Post Earnings of -$0.04 Per Share (americanbankingnews.com)
- Safe Bulkers, Inc. to Host Institutional Investor and Analyst Day in New York City on October 18, 2017 – Marketwired (press release) (marketwired.com)
- Safe Bulkers, Inc (SB) Downgraded by Zacks Investment Research to “Sell” (americanbankingnews.com)
- Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (feeds.benzinga.com)
SB has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Safe Bulkers from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub downgraded shares of Safe Bulkers from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Jefferies Group LLC restated a “hold” rating and issued a $2.50 target price on shares of Safe Bulkers in a research note on Tuesday, July 4th. Stifel Nicolaus restated a “hold” rating and issued a $2.25 target price on shares of Safe Bulkers in a research note on Wednesday, July 19th. Finally, Maxim Group initiated coverage on shares of Safe Bulkers in a research note on Monday, August 21st. They issued a “buy” rating and a $5.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Safe Bulkers currently has a consensus rating of “Hold” and a consensus price target of $3.19.
Safe Bulkers (NYSE SB) opened at 3.00 on Friday. The company’s market capitalization is $304.09 million. Safe Bulkers has a 12-month low of $1.09 and a 12-month high of $3.65. The company has a 50 day moving average price of $3.13 and a 200-day moving average price of $2.54.
Safe Bulkers (NYSE:SB) last released its quarterly earnings data on Wednesday, July 26th. The shipping company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The business had revenue of $35.01 million during the quarter, compared to analyst estimates of $36.81 million. Safe Bulkers had a negative net margin of 26.74% and a negative return on equity of 3.34%. The business’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period last year, the business earned ($0.15) earnings per share. On average, analysts anticipate that Safe Bulkers will post ($0.20) EPS for the current year.
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About Safe Bulkers
Safe Bulkers, Inc is a holding company. The Company’s principal business is the acquisition, ownership and operation of drybulk vessels. The Company’s vessels operate across the world, carrying drybulk cargo for the consumers of marine drybulk transportation services. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along shipping routes across the world.
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