Safe Bulkers (NYSE:SB – Get Free Report) posted its quarterly earnings data on Monday. The shipping company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.28 by $0.03, Zacks reports. Safe Bulkers had a return on equity of 9.63% and a net margin of 28.29%. The firm had revenue of $91.03 million during the quarter, compared to the consensus estimate of $85.90 million.
Safe Bulkers Price Performance
Shares of SB traded up $0.07 during trading hours on Monday, reaching $7.18. The company had a trading volume of 869,654 shares, compared to its average volume of 859,371. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.39. Safe Bulkers has a 12-month low of $4.66 and a 12-month high of $9.31. The firm has a 50 day simple moving average of $8.34 and a 200-day simple moving average of $7.11. The company has a market capitalization of $731.67 million, a price-to-earnings ratio of 9.21 and a beta of 1.09.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded Safe Bulkers from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Safe Bulkers has a consensus rating of “Moderate Buy” and a consensus target price of $6.00.
View Our Latest Stock Report on SB
About Safe Bulkers
Safe Bulkers, Inc (NYSE: SB) is a marine transportation company that owns and operates dry bulk vessels. Its fleet transports major and minor bulk commodities, including iron ore, coal, grain, and other raw materials used in global industrial and agricultural supply chains.
The company operates a range of dry bulk vessel classes, including Panamax, Kamsarmax, Ultramax, Supramax, Handysize, and Capesize ships. Safe Bulkers provides transportation services to commodity producers, traders, and other commercial customers through international shipping routes.
Safe Bulkers was founded in 2007 and is incorporated in the Marshall Islands, with its principal executive office in Monaco.
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