Wall Street analysts expect Safe Bulkers, Inc. (NYSE:SB) to report $0.03 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Safe Bulkers’ earnings. The highest EPS estimate is $0.04 and the lowest is $0.02. Safe Bulkers reported earnings of $0.02 per share in the same quarter last year, which indicates a positive year over year growth rate of 50%. The business is scheduled to report its next quarterly earnings report on Wednesday, July 24th.
On average, analysts expect that Safe Bulkers will report full-year earnings of $0.21 per share for the current financial year, with EPS estimates ranging from $0.06 to $0.49. For the next financial year, analysts expect that the business will post earnings of $0.46 per share, with EPS estimates ranging from $0.36 to $0.55. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Safe Bulkers.
Safe Bulkers (NYSE:SB) last announced its quarterly earnings results on Tuesday, May 28th. The shipping company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $48.29 million for the quarter, compared to analyst estimates of $44.69 million. Safe Bulkers had a net margin of 13.56% and a return on equity of 6.18%.
Several equities research analysts recently issued reports on SB shares. Maxim Group decreased their price target on shares of Safe Bulkers to $3.50 and set a “buy” rating on the stock in a report on Wednesday, February 20th. TheStreet raised shares of Safe Bulkers from a “d+” rating to a “c” rating in a report on Friday, April 12th. ValuEngine raised shares of Safe Bulkers from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 16th. Finally, Zacks Investment Research raised shares of Safe Bulkers from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Safe Bulkers currently has a consensus rating of “Buy” and an average price target of $4.25.
A number of institutional investors and hedge funds have recently bought and sold shares of SB. SG Americas Securities LLC bought a new stake in Safe Bulkers during the 4th quarter worth approximately $37,000. Acadian Asset Management LLC bought a new stake in Safe Bulkers during the 1st quarter worth approximately $45,000. Rhumbline Advisers grew its holdings in Safe Bulkers by 40.6% during the 4th quarter. Rhumbline Advisers now owns 69,840 shares of the shipping company’s stock worth $124,000 after acquiring an additional 20,183 shares during the last quarter. Barclays PLC grew its holdings in Safe Bulkers by 284.7% during the 4th quarter. Barclays PLC now owns 106,971 shares of the shipping company’s stock worth $191,000 after acquiring an additional 79,168 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in Safe Bulkers during the 4th quarter worth approximately $218,000. 16.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Safe Bulkers stock opened at $1.39 on Friday. The company has a market cap of $145.04 million, a P/E ratio of 8.18 and a beta of 1.83. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 1.64. Safe Bulkers has a 1 year low of $1.28 and a 1 year high of $3.90.
About Safe Bulkers
Safe Bulkers, Inc provides marine drybulk transportation services worldwide. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of February 14, 2019, the company had a fleet of 41 drybulk vessels having an average age of 8.5 years; and an aggregate carrying capacity of 3.8 million deadweight tons.
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