Safe Bulkers (SB) Expected to Announce Earnings on Monday

Safe Bulkers (NYSE:SB) is projected to post its Q1 2025 quarterly earnings results before the market opens on Monday, May 5th. Analysts expect the company to announce earnings of $0.06 per share for the quarter.

Safe Bulkers (NYSE:SB) last announced its quarterly earnings data on Tuesday, February 18th. The shipping company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm had revenue of $69.16 million during the quarter, compared to analyst estimates of $71.90 million. Safe Bulkers had a return on equity of 10.04% and a net margin of 31.65%. On average, analysts expect Safe Bulkers to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Safe Bulkers Price Performance

Shares of SB opened at $3.45 on Friday. Safe Bulkers has a 52 week low of $3.02 and a 52 week high of $6.33. The company has a current ratio of 1.91, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market cap of $363.29 million, a price-to-earnings ratio of 4.16 and a beta of 0.92. The stock has a 50 day moving average of $3.55 and a 200-day moving average of $3.73.

Safe Bulkers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 3rd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date was Monday, March 3rd. Safe Bulkers’s dividend payout ratio is presently 24.10%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SB shares. Loop Capital set a $4.20 price target on shares of Safe Bulkers in a research report on Monday, January 27th. Jefferies Financial Group restated a “buy” rating and issued a $6.00 target price on shares of Safe Bulkers in a research note on Wednesday, February 19th. DNB Markets upgraded Safe Bulkers from a “hold” rating to a “buy” rating and set a $4.20 price target on the stock in a research report on Monday, January 27th. Finally, StockNews.com lowered Safe Bulkers from a “buy” rating to a “hold” rating in a research report on Monday, January 27th.

Safe Bulkers Company Profile

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.