Safe Bulkers (NYSE:SB) Issues Earnings Results, Beats Estimates By $0.01 EPS

Safe Bulkers (NYSE:SB) issued its earnings results on Tuesday. The shipping company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01, Zacks reports. Safe Bulkers had a net margin of 33.17% and a return on equity of 11.58%.

Safe Bulkers Stock Performance

Shares of NYSE:SB traded up $0.11 on Tuesday, hitting $3.70. The company had a trading volume of 542,509 shares, compared to its average volume of 653,125. Safe Bulkers has a 1-year low of $3.31 and a 1-year high of $6.33. The stock has a market cap of $394.55 million, a price-to-earnings ratio of 4.11 and a beta of 0.90. The stock has a 50 day moving average price of $3.56 and a 200 day moving average price of $4.23. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.52.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating and set a $6.00 target price on shares of Safe Bulkers in a report on Thursday, November 14th. StockNews.com downgraded shares of Safe Bulkers from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Finally, DNB Markets upgraded shares of Safe Bulkers from a “hold” rating to a “buy” rating and set a $4.20 target price on the stock in a report on Monday, January 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.