Safe Bulkers (NYSE:SB - Get Free Report) is anticipated to announce its earnings results before the market opens on Monday, February 10th. Analysts expect the company to announce earnings of $0.14 per share for the quarter.
Safe Bulkers Trading Down 2.6 %
NYSE SB traded down $0.10 during mid-day trading on Thursday, reaching $3.62. 745,688 shares of the stock were exchanged, compared to its average volume of 708,716. The business's fifty day simple moving average is $3.60 and its 200 day simple moving average is $4.33. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $386.01 million, a PE ratio of 4.02 and a beta of 0.90. Safe Bulkers has a 1-year low of $3.31 and a 1-year high of $6.33.
Safe Bulkers Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 2nd were paid a $0.05 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.20 annualized dividend and a yield of 5.53%. Safe Bulkers's payout ratio is currently 22.22%.
Analyst Ratings Changes
SB has been the topic of a number of recent analyst reports. 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 note on Monday, January 27th. Jefferies Financial Group reiterated a "buy" rating and set a $6.00 target price on shares of Safe Bulkers in a report on Thursday, November 14th. Finally, StockNews.com lowered shares of Safe Bulkers from a "buy" rating to a "hold" rating in a report on Monday, January 27th.
Check Out Our Latest Analysis on SB
About Safe Bulkers
(
Get Free Report)
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.
Further Reading
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