Safe Bulkers (NYSE:SB) Announces Earnings Results, Misses Expectations By $0.01 EPS

Safe Bulkers (NYSE:SB) posted its earnings results on Monday. The shipping company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01), Yahoo Finance reports. Safe Bulkers had a net margin of 31.11% and a return on equity of 10.86%. The firm had revenue of $78.55 million for the quarter, compared to analysts’ expectations of $69.16 million. During the same period in the previous year, the company earned $0.12 EPS.

Safe Bulkers Trading Down 1.4 %

Shares of Safe Bulkers stock opened at $5.06 on Thursday. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.63. Safe Bulkers has a 12-month low of $2.97 and a 12-month high of $6.33. The firm has a market capitalization of $540.26 million, a price-to-earnings ratio of 7.44 and a beta of 0.92. The firm’s 50 day simple moving average is $5.73 and its two-hundred day simple moving average is $5.08.

Safe Bulkers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.20 dividend on an annualized basis and a yield of 3.95%. Safe Bulkers’s payout ratio is 29.41%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Safe Bulkers from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st.

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.