Safe Bulkers (SB) Set to Announce Earnings on Monday

Safe Bulkers (NYSE:SB) is scheduled to release its earnings data after the market closes on Monday, April 29th.

Safe Bulkers (NYSE:SB) last issued its earnings results on Tuesday, February 13th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.10. The business had revenue of $82.29 million for the quarter, compared to analyst estimates of $72.70 million. Safe Bulkers had a net margin of 27.20% and a return on equity of 9.05%. During the same period in the prior year, the firm earned $0.29 earnings per share. 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 Stock Up 1.0 %

Shares of SB stock traded up $0.05 on Thursday, hitting $4.98. The stock had a trading volume of 88,799 shares, compared to its average volume of 835,386. Safe Bulkers has a 12-month low of $2.97 and a 12-month high of $5.15. The business has a 50 day moving average of $4.78 and a 200 day moving average of $4.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.63 and a quick ratio of 2.33. The stock has a market cap of $555.82 million, a price-to-earnings ratio of 8.03 and a beta of 1.02.

Safe Bulkers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 1st were given a $0.05 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.02%. Safe Bulkers’s dividend payout ratio (DPR) is currently 32.26%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of Safe Bulkers from a “hold” rating to a “buy” rating and increased their price objective 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.