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

Safe Bulkers (NYSE:SB) released its quarterly earnings results 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 Price Performance

SB traded up $0.11 on Tuesday, hitting $3.70. 542,509 shares of the stock were exchanged, compared to its average volume of 653,125. Safe Bulkers has a 12 month low of $3.31 and a 12 month high of $6.33. The business has a 50-day moving average of $3.56 and a two-hundred day moving average of $4.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $394.55 million, a price-to-earnings ratio of 4.11 and a beta of 0.90.

Analyst Ratings Changes

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