Safe Bulkers (NYSE:SB) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Safe Bulkers (NYSE:SB) announced its quarterly earnings data on Monday. The shipping company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01), Yahoo Finance reports. Safe Bulkers had a net margin of 27.85% and a return on equity of 10.29%. The firm had revenue of $78.55 million for the quarter, compared to analyst estimates of $69.16 million. During the same quarter in the previous year, the company earned $0.12 EPS.

Safe Bulkers Trading Down 4.4 %

Safe Bulkers stock traded down $0.24 during midday trading on Tuesday, reaching $5.21. The stock had a trading volume of 333,516 shares, compared to its average volume of 725,328. The firm has a market cap of $556.27 million, a price-to-earnings ratio of 8.01 and a beta of 0.92. Safe Bulkers has a twelve month low of $2.97 and a twelve month high of $6.33. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.55 and a quick ratio of 2.55. The firm’s fifty day simple moving average is $5.74 and its two-hundred day simple moving average is $5.07.

Analyst Ratings Changes

Separately, StockNews.com upgraded Safe Bulkers from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st.

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.