Equities analysts expect Safe Bulkers, Inc. (NYSE:SB) to post $0.05 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Safe Bulkers’ earnings, with estimates ranging from $0.04 to $0.06. Safe Bulkers posted earnings per share of ($0.05) during the same quarter last year, which suggests a positive year-over-year growth rate of 200%. The company is expected to announce its next quarterly earnings report on Tuesday, October 30th.
On average, analysts expect that Safe Bulkers will report full year earnings of $0.22 per share for the current financial year, with EPS estimates ranging from $0.16 to $0.27. For the next year, analysts forecast that the company will report earnings of $0.49 per share, with EPS estimates ranging from $0.34 to $0.71. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Safe Bulkers.
Safe Bulkers (NYSE:SB) last issued its quarterly earnings results on Wednesday, July 25th. The shipping company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.03). Safe Bulkers had a net margin of 11.47% and a return on equity of 21.84%. The business had revenue of $47.00 million during the quarter, compared to analysts’ expectations of $46.45 million. During the same period in the prior year, the business earned ($0.07) EPS. The business’s quarterly revenue was up 34.3% on a year-over-year basis.
Several institutional investors and hedge funds have recently made changes to their positions in SB. Renaissance Technologies LLC raised its holdings in shares of Safe Bulkers by 20.9% in the 2nd quarter. Renaissance Technologies LLC now owns 3,145,922 shares of the shipping company’s stock valued at $10,696,000 after purchasing an additional 542,822 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Safe Bulkers by 97.7% in the 2nd quarter. Millennium Management LLC now owns 999,095 shares of the shipping company’s stock valued at $3,397,000 after purchasing an additional 493,652 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Safe Bulkers by 13.1% in the 2nd quarter. BlackRock Inc. now owns 2,576,412 shares of the shipping company’s stock valued at $8,760,000 after purchasing an additional 298,282 shares in the last quarter. Navellier & Associates Inc acquired a new stake in shares of Safe Bulkers in the 1st quarter valued at $487,000. Finally, UBS Group AG raised its holdings in shares of Safe Bulkers by 14.9% in the 1st quarter. UBS Group AG now owns 752,400 shares of the shipping company’s stock valued at $2,385,000 after purchasing an additional 97,344 shares in the last quarter. Institutional investors and hedge funds own 21.28% of the company’s stock.
SB stock traded up $0.07 during midday trading on Friday, hitting $2.63. The company’s stock had a trading volume of 228,654 shares, compared to its average volume of 424,022. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.08. Safe Bulkers has a 52-week low of $2.51 and a 52-week high of $3.99. The stock has a market capitalization of $292.48 million, a PE ratio of -16.44 and a beta of 2.39.
Safe Bulkers Company Profile
Safe Bulkers, Inc provides marine drybulk transportation services worldwide. It is involved in the acquisition, ownership, and operation of drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of February 9, 2018, the company had a fleet of 39 drybulk vessels with an aggregate carrying capacity of 3,513,800 deadweight tons.
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