Safe Bulkers (SB) Scheduled to Post Earnings on Monday

Safe Bulkers (NYSE:SB) is scheduled to be posting its quarterly earnings results after the market closes on Monday, April 29th. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Safe Bulkers (NYSE:SB) last announced its quarterly earnings results on Tuesday, February 13th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.10. The company had revenue of $82.29 million during the quarter, compared to the consensus estimate of $72.70 million. Safe Bulkers had a net margin of 27.20% and a return on equity of 9.05%. During the same period in the prior year, the business earned $0.29 earnings per share. 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 %

Shares of NYSE:SB opened at $5.06 on Friday. The company has a fifty day moving average of $4.82 and a 200-day moving average of $4.12. The company has a market capitalization of $564.19 million, a PE ratio of 8.15 and a beta of 1.02. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 2.63. Safe Bulkers has a 52-week low of $2.97 and a 52-week high of $5.15.

Safe Bulkers Announces Dividend

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

Analyst Ratings Changes

Separately, Jefferies Financial Group raised shares of Safe Bulkers from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $4.00 to $6.00 in a research note on Tuesday, February 27th.

About Safe Bulkers

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.