Safe Bulkers (SB) Scheduled to Post Earnings on Monday

Safe Bulkers (NYSE:SB) is scheduled to issue its quarterly earnings data after the market closes on Monday, April 29th. Investors that are interested in registering for the company’s conference call can do so using this link.

Safe Bulkers (NYSE:SB) last posted its earnings results on Tuesday, February 13th. The shipping company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $72.70 million. During the same quarter in the prior year, the business earned $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 Stock Up 0.3 %

SB stock opened at $5.06 on Friday. Safe Bulkers has a fifty-two week low of $2.97 and a fifty-two week high of $5.15. The business’s 50 day moving average price is $4.82 and its two-hundred day moving average price is $4.12. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 2.63. The company has a market capitalization of $564.19 million, a price-to-earnings ratio of 8.15 and a beta of 1.02.

Safe Bulkers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 1st were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.96%. Safe Bulkers’s dividend payout ratio (DPR) is 32.26%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded Safe Bulkers from a “hold” rating to a “buy” rating and upped their target price for the stock from $4.00 to $6.00 in a 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.