Brokerages Anticipate Safe Bulkers, Inc (SB) Will Post Earnings of -$0.01 Per Share
Equities analysts expect that Safe Bulkers, Inc (NYSE:SB) will report earnings of ($0.01) per share for the current quarter, according to Zacks. Three analysts have issued estimates for Safe Bulkers’ earnings. The lowest EPS estimate is ($0.02) and the highest is $0.01. Safe Bulkers posted earnings per share of ($0.09) during the same quarter last year, which would indicate a positive year over year growth rate of 88.9%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 22nd.
On average, analysts expect that Safe Bulkers will report full-year earnings of ($0.18) per share for the current financial year, with EPS estimates ranging from ($0.21) to ($0.13). For the next financial year, analysts expect that the company will report earnings of $0.12 per share, with EPS estimates ranging from ($0.10) to $0.43. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Safe Bulkers.
Safe Bulkers (NYSE:SB) last announced its quarterly earnings results on Tuesday, October 31st. The company reported C($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.05). Safe Bulkers had a negative net margin of 2.01% and a negative return on equity of 2.10%. The company had revenue of C$38.80 million during the quarter, compared to analyst estimates of C$37.12 million. During the same quarter in the previous year, the business earned ($0.15) EPS. The firm’s revenue was up 37.6% on a year-over-year basis.
SB has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Safe Bulkers from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Jefferies Group LLC reissued a “hold” rating on shares of Safe Bulkers in a report on Friday, November 3rd. Maxim Group set a $5.00 target price on shares of Safe Bulkers and gave the stock a “buy” rating in a research note on Thursday, October 19th. Citigroup Inc. upped their target price on shares of Safe Bulkers from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Thursday, November 2nd. Finally, BidaskClub lowered shares of Safe Bulkers from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of C$3.00.
Several institutional investors have recently bought and sold shares of SB. Dynamic Technology Lab Private Ltd acquired a new position in shares of Safe Bulkers during the 3rd quarter worth about $101,000. New York State Common Retirement Fund bought a new stake in shares of Safe Bulkers in the 2nd quarter valued at about $117,000. Rhumbline Advisers bought a new stake in shares of Safe Bulkers in the 2nd quarter valued at about $117,000. Engineers Gate Manager LP bought a new stake in shares of Safe Bulkers in the 2nd quarter valued at about $131,000. Finally, Credit Suisse AG bought a new stake in shares of Safe Bulkers in the 1st quarter valued at about $140,000. Institutional investors own 18.87% of the company’s stock.
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Shares of Safe Bulkers (NYSE:SB) traded down C$0.04 during mid-day trading on Monday, hitting C$3.44. 460,500 shares of the stock traded hands, compared to its average volume of 616,034. Safe Bulkers has a one year low of C$1.09 and a one year high of C$3.79. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.28 and a quick ratio of 2.28.
Safe Bulkers Company Profile
Safe Bulkers, Inc is a holding company. The Company’s principal business is the acquisition, ownership and operation of drybulk vessels. The Company’s vessels operate across the world, carrying drybulk cargo for the consumers of marine drybulk transportation services. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along shipping routes across the world.
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