Safe Bulkers (SB) to Release Quarterly Earnings on Monday

Safe Bulkers (NYSE:SB - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Monday, April 29th.

Safe Bulkers (NYSE:SB - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The shipping company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.15 by $0.10. The company had revenue of $82.29 million for the quarter, compared to analyst estimates of $72.70 million. Safe Bulkers had a return on equity of 9.05% and a net margin of 27.20%. During the same quarter in the previous year, the company posted $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 Performance

SB traded up $0.11 during trading on Thursday, hitting $5.04. 343,451 shares of the stock were exchanged, compared to its average volume of 838,839. The firm has a market capitalization of $562.51 million, a P/E ratio of 8.03 and a beta of 1.02. Safe Bulkers has a 1-year low of $2.97 and a 1-year high of $5.15. The stock has a fifty day moving average price of $4.78 and a two-hundred day moving average price of $4.10. The company has a quick ratio of 2.33, a current ratio of 2.63 and a debt-to-equity ratio of 0.61.

Safe Bulkers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 1st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.97%. The ex-dividend date was Thursday, February 29th. Safe Bulkers's dividend payout ratio (DPR) is 32.26%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised Safe Bulkers from a "hold" rating to a "buy" rating and lifted their price target for the stock from $4.00 to $6.00 in a research report 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.