Safe Bulkers, Inc. (NYSE:SB) – Investment analysts at Seaport Global Securities issued their Q1 2018 earnings per share estimates for Safe Bulkers in a note issued to investors on Thursday, Zacks Investment Research reports. Seaport Global Securities analyst M. Fyhr anticipates that the shipping company will post earnings per share of $0.03 for the quarter. Seaport Global Securities also issued estimates for Safe Bulkers’ Q2 2018 earnings at $0.01 EPS and Q3 2018 earnings at $0.02 EPS.
Other analysts also recently issued research reports about the stock. Maxim Group set a $5.00 price objective on shares of Safe Bulkers and gave the company a “buy” rating in a report on Sunday, November 19th. Zacks Investment Research upgraded shares of Safe Bulkers from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a report on Thursday, January 25th. Morgan Stanley downgraded shares of Safe Bulkers from an “overweight” rating to an “equal weight” rating and set a $4.00 price objective for the company. in a report on Monday, February 12th. Stifel Nicolaus set a $3.00 price objective on shares of Safe Bulkers and gave the company a “hold” rating in a report on Thursday, February 15th. Finally, Jefferies Group started coverage on shares of Safe Bulkers in a report on Monday, December 18th. They issued a “hold” rating and a $3.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $3.71.
Safe Bulkers (NYSE:SB) traded down $0.11 during mid-day trading on Monday, reaching $3.68. 1,589,292 shares of the company’s stock were exchanged, compared to its average volume of 523,473. The firm has a market cap of $390.91, a P/E ratio of -3.76 and a beta of 1.98. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.03 and a current ratio of 2.14. Safe Bulkers has a 12 month low of $1.60 and a 12 month high of $3.99.
Safe Bulkers (NYSE:SB) last released its quarterly earnings results on Wednesday, February 14th. The shipping company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. Safe Bulkers had a net margin of 3.26% and a return on equity of 16.52%. The firm had revenue of $44.00 million during the quarter, compared to the consensus estimate of $38.12 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. The company’s revenue for the quarter was up 33.7% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of the company. Evermore Global Advisors LLC grew its stake in shares of Safe Bulkers by 0.7% in the 4th quarter. Evermore Global Advisors LLC now owns 3,735,740 shares of the shipping company’s stock valued at $12,066,000 after buying an additional 25,972 shares during the period. Renaissance Technologies LLC grew its stake in shares of Safe Bulkers by 9.3% in the 4th quarter. Renaissance Technologies LLC now owns 2,322,800 shares of the shipping company’s stock valued at $7,503,000 after buying an additional 197,838 shares during the period. BlackRock Inc. grew its stake in shares of Safe Bulkers by 3.5% in the 4th quarter. BlackRock Inc. now owns 2,254,771 shares of the shipping company’s stock valued at $7,284,000 after buying an additional 75,927 shares during the period. Cortina Asset Management LLC grew its stake in shares of Safe Bulkers by 35.5% in the 4th quarter. Cortina Asset Management LLC now owns 1,917,543 shares of the shipping company’s stock valued at $6,194,000 after buying an additional 501,958 shares during the period. Finally, Signia Capital Management LLC purchased a new stake in shares of Safe Bulkers in the 4th quarter valued at approximately $2,426,000. 22.42% of the stock is owned by institutional investors and hedge funds.
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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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