Safe Bulkers (NYSE:SB) Posts Earnings Results, Beats Expectations By $0.01 EPS

Safe Bulkers (NYSE:SB - Get Free Report) announced its quarterly earnings results on Tuesday. The shipping company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.01, Zacks reports. Safe Bulkers had a return on equity of 10.12% and a net margin of 31.65%. The company had revenue of $69.16 million for the quarter, compared to the consensus estimate of $71.90 million.

Safe Bulkers Stock Down 1.7 %

SB stock traded down $0.07 during midday trading on Friday, hitting $3.75. The stock had a trading volume of 799,851 shares, compared to its average volume of 667,826. The business has a 50-day moving average of $3.55 and a two-hundred day moving average of $4.21. 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 cap of $399.89 million, a price-to-earnings ratio of 4.51 and a beta of 0.90. Safe Bulkers has a 52-week low of $3.31 and a 52-week high of $6.33.

Safe Bulkers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 3rd will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.20 annualized dividend and a dividend yield of 5.34%. Safe Bulkers's dividend payout ratio is presently 24.10%.

Wall Street Analysts Forecast Growth

SB has been the topic of several research analyst reports. Jefferies Financial Group reissued a "buy" rating and set a $6.00 target price on shares of Safe Bulkers in a research note on Wednesday. StockNews.com lowered shares of Safe Bulkers from a "buy" rating to a "hold" rating in a report on Monday, January 27th. Finally, DNB Markets raised shares of Safe Bulkers from a "hold" rating to a "buy" rating and set a $4.20 target price on the stock 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.