Safe Bulkers (SB) to Release Quarterly Earnings on Wednesday

Safe Bulkers (NYSE:SB) will issue its quarterly earnings data after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.

Shares of Safe Bulkers (SB) opened at $3.27 on Wednesday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $331.99, a PE ratio of -17.21 and a beta of 2.13. Safe Bulkers has a fifty-two week low of $1.23 and a fifty-two week high of $3.84.

Several large investors have recently bought and sold shares of the company. California State Teachers Retirement System bought a new position in shares of Safe Bulkers during the second quarter valued at approximately $195,000. Vanguard Group Inc. bought a new position in shares of Safe Bulkers during the second quarter valued at approximately $223,000. Finally, State Street Corp bought a new position in Safe Bulkers in the 2nd quarter worth approximately $1,088,000. 19.84% of the stock is owned by institutional investors.

SB has been the subject of several research analyst reports. Zacks Investment Research raised Safe Bulkers from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Maxim Group set a $5.00 target price on Safe Bulkers and gave the company a “buy” rating in a report on Thursday, October 19th. Citigroup upped their target price on Safe Bulkers from $2.00 to $2.50 and gave the company a “sell” rating in a report on Thursday, November 2nd. Stifel Nicolaus set a $2.00 target price on Safe Bulkers and gave the company a “hold” rating in a report on Saturday, October 21st. Finally, Jefferies Group began coverage on Safe Bulkers in a report on Monday, December 18th. They set a “hold” rating and a $3.00 target price for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.46.

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About Safe Bulkers

Safe Bulkers, Inc is a holding company. The Company’s principal business is the acquisition, ownership and operation of drybulk vessels. The Company’s vessels operate across the world, carrying drybulk cargo for the consumers of marine drybulk transportation services. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along shipping routes across the world.

Earnings History for Safe Bulkers (NYSE:SB)

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