Safe Bulkers (SB) Projected to Post Earnings on Monday

Safe Bulkers (NYSE:SB) is expected to be posting its Q1 2025 quarterly earnings results before the market opens on Monday, May 5th. Analysts expect the company to announce earnings of $0.06 per share for the quarter.

Safe Bulkers (NYSE:SB) last posted its quarterly earnings data on Tuesday, February 18th. The shipping company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Safe Bulkers had a net margin of 31.65% and a return on equity of 10.04%. The company had revenue of $69.16 million for the quarter, compared to analyst estimates of $71.90 million. 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 Price Performance

Shares of NYSE SB opened at $3.45 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.91 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $363.29 million, a PE ratio of 4.16 and a beta of 0.92. The firm has a fifty day simple moving average of $3.55 and a 200 day simple moving average of $3.73. Safe Bulkers has a twelve month low of $3.02 and a twelve month high of $6.33.

Safe Bulkers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 3rd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date of this dividend was Monday, March 3rd. Safe Bulkers’s dividend payout ratio is 24.10%.

Analyst Upgrades and Downgrades

SB has been the topic of a number of research reports. Loop Capital set a $4.20 target price on shares of Safe Bulkers in a research report on Monday, January 27th. DNB Markets upgraded Safe Bulkers from a “hold” rating to a “buy” rating and set a $4.20 target price for the company in a research note on Monday, January 27th. StockNews.com lowered Safe Bulkers from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $6.00 price target on shares of Safe Bulkers in a report on Wednesday, February 19th.

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.