Equities analysts expect Safe Bulkers, Inc. (NYSE:SB) to announce sales of $46.01 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Safe Bulkers’ earnings, with the lowest sales estimate coming in at $45.99 million and the highest estimate coming in at $46.03 million. Safe Bulkers posted sales of $47.02 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.1%. The business is expected to announce its next earnings report on Wednesday, July 24th.
According to Zacks, analysts expect that Safe Bulkers will report full-year sales of $181.79 million for the current fiscal year, with estimates ranging from $181.00 million to $182.57 million. For the next fiscal year, analysts anticipate that the business will report sales of $224.28 million, with estimates ranging from $206.99 million to $241.57 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Safe Bulkers.
Safe Bulkers (NYSE:SB) last released its quarterly earnings data on Tuesday, May 28th. The shipping company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. Safe Bulkers had a return on equity of 6.18% and a net margin of 13.56%. The firm had revenue of $48.29 million for the quarter, compared to the consensus estimate of $44.69 million.
Several institutional investors and hedge funds have recently bought and sold shares of SB. D. E. Shaw & Co. Inc. lifted its stake in shares of Safe Bulkers by 13.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 295,617 shares of the shipping company’s stock worth $526,000 after acquiring an additional 35,228 shares during the period. Barclays PLC lifted its stake in shares of Safe Bulkers by 284.7% in the 4th quarter. Barclays PLC now owns 106,971 shares of the shipping company’s stock worth $191,000 after acquiring an additional 79,168 shares during the period. Geode Capital Management LLC lifted its stake in shares of Safe Bulkers by 16.3% in the 4th quarter. Geode Capital Management LLC now owns 248,319 shares of the shipping company’s stock worth $441,000 after acquiring an additional 34,889 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Safe Bulkers by 16.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,850 shares of the shipping company’s stock worth $293,000 after acquiring an additional 23,775 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Safe Bulkers by 2.7% in the 4th quarter. BlackRock Inc. now owns 2,667,754 shares of the shipping company’s stock worth $4,749,000 after acquiring an additional 69,107 shares during the period. 16.33% of the stock is owned by institutional investors.
Shares of SB stock opened at $1.46 on Wednesday. Safe Bulkers has a 12 month low of $1.28 and a 12 month high of $3.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 1.64. The company’s 50 day moving average is $1.51. The firm has a market capitalization of $147.83 million, a P/E ratio of 8.59 and a beta of 1.83.
About Safe Bulkers
Safe Bulkers, Inc provides marine drybulk transportation services worldwide. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of February 14, 2019, the company had a fleet of 41 drybulk vessels having an average age of 8.5 years; and an aggregate carrying capacity of 3.8 million deadweight tons.
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