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Safe Bulkers (NYSE:SB) is set to announce its Q214 earnings results on Tuesday, July 29th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $38.31 million for the quarter.

Safe Bulkers (NYSE:SB) last released its earnings data on Wednesday, May 28th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.01. The company had revenue of $41.30 million for the quarter, compared to the consensus estimate of $37.86 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, analysts expect Safe Bulkers to post $0.55 EPS for the current fiscal year and $1.01 EPS for the next fiscal year.

Safe Bulkers (NYSE:SB) traded down 0.69% on Monday, hitting $7.965. The stock had a trading volume of 126,701 shares. Safe Bulkers has a 1-year low of $4.78 and a 1-year high of $11.48. The stock’s 50-day moving average is $9.04 and its 200-day moving average is $9.20. The company has a market cap of $664.6 million and a price-to-earnings ratio of 8.37. Safe Bulkers also was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 2,033,354 shares, a growth of 105.3% from the June 30th total of 990,395 shares. Approximately 5.9% of the shares of the company are sold short. Based on an average daily volume of 336,983 shares, the days-to-cover ratio is currently 6.0 days.

A number of research firms have recently commented on SB. Analysts at Evercore Partners cut their price target on shares of Safe Bulkers from $11.00 to $10.00 in a research note on Wednesday, July 23rd. On a related note, analysts at Canaccord Genuity initiated coverage on shares of Safe Bulkers in a research note on Tuesday, June 10th. They set a “buy” rating and a $14.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Safe Bulkers from a “buy” rating to a “hold” rating in a research note on Monday, June 2nd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $10.26.

Safe Bulkers, Inc (NYSE:SB) is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes.

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