Safe Bulkers (NYSE:SB – Get Free Report) posted its earnings results on Monday. The shipping company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03, Zacks reports. The business had revenue of $91.03 million during the quarter, compared to analysts’ expectations of $85.90 million. Safe Bulkers had a return on equity of 9.63% and a net margin of 28.29%.
Safe Bulkers Stock Up 1.1%
Shares of SB stock traded up $0.07 on Monday, hitting $7.18. 869,654 shares of the stock were exchanged, compared to its average volume of 859,371. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $731.67 million, a P/E ratio of 9.21 and a beta of 1.09. Safe Bulkers has a fifty-two week low of $4.66 and a fifty-two week high of $9.31. The business has a 50-day moving average of $8.34 and a 200 day moving average of $7.11.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded shares of Safe Bulkers from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Safe Bulkers has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.
Read Our Latest Stock Report on SB
Safe Bulkers Company Profile
Safe Bulkers, Inc (NYSE: SB) is a marine transportation company that owns and operates dry bulk vessels. Its fleet transports major and minor bulk commodities, including iron ore, coal, grain, and other raw materials used in global industrial and agricultural supply chains.
The company operates a range of dry bulk vessel classes, including Panamax, Kamsarmax, Ultramax, Supramax, Handysize, and Capesize ships. Safe Bulkers provides transportation services to commodity producers, traders, and other commercial customers through international shipping routes.
Safe Bulkers was founded in 2007 and is incorporated in the Marshall Islands, with its principal executive office in Monaco.
Read More
- Five stocks we like better than Safe Bulkers
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Receive News & Ratings for Safe Bulkers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safe Bulkers and related companies with MarketBeat.com's FREE daily email newsletter.
