Safe Bulkers (SB) Expected to Announce Quarterly Earnings on Monday

Safe Bulkers (NYSE:SB - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Monday, May 5th. Analysts expect the company to announce earnings of $0.06 per share for the quarter.

Safe Bulkers (NYSE:SB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The shipping company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. The business had revenue of $69.16 million for the quarter, compared to analysts' expectations of $71.90 million. Safe Bulkers had a net margin of 31.65% and a return on equity of 10.04%. 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 Up 2.4 %

SB stock traded up $0.08 during trading hours on Friday, reaching $3.45. 370,513 shares of the stock were exchanged, compared to its average volume of 610,975. The company has a market cap of $363.29 million, a price-to-earnings ratio of 4.16 and a beta of 0.92. The firm's 50-day moving average is $3.55 and its 200-day moving average is $3.73. Safe Bulkers has a 12 month low of $3.02 and a 12 month high of $6.33. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.91 and a quick ratio of 1.34.

Safe Bulkers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 3rd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date was Monday, March 3rd. Safe Bulkers's dividend payout ratio is presently 24.10%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SB shares. Loop Capital set a $4.20 price target on shares of Safe Bulkers in a research note on Monday, January 27th. StockNews.com lowered shares of Safe Bulkers from a "buy" rating to a "hold" rating in a research note on Monday, January 27th. DNB Markets raised 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 report on Monday, January 27th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $6.00 price objective on shares of Safe Bulkers in a report on Wednesday, February 19th.

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.