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

Safe Bulkers (NYSE:SB) issued its quarterly earnings data on Tuesday. The shipping company reported $0.15 EPS for the quarter, beating the consensus estimate 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 Trading Up 2.9 %

Shares of SB traded up $0.11 during trading hours on Tuesday, reaching $3.70. 542,509 shares of the company traded hands, compared to its average volume of 653,125. The company’s fifty day moving average price is $3.56 and its two-hundred day moving average price is $4.23. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $394.55 million, a price-to-earnings ratio of 4.11 and a beta of 0.90. Safe Bulkers has a 12 month low of $3.31 and a 12 month high of $6.33.

Analysts Set New Price Targets

SB has been the topic of several research reports. Jefferies Financial Group restated a “buy” rating and set a $6.00 price objective on shares of Safe Bulkers in a research report on Thursday, November 14th. DNB Markets raised shares of Safe Bulkers from a “hold” rating to a “buy” rating and set a $4.20 price target for the company in a research report on Monday, January 27th. Finally, StockNews.com downgraded shares of Safe Bulkers from a “buy” rating to a “hold” rating in a research note on Monday, January 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.