Safe Bulkers (NYSE:SB – Get Free Report) announced its quarterly earnings results on Monday. The shipping company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01), Yahoo Finance reports. The business had revenue of $81.67 million during the quarter. Safe Bulkers had a net margin of 27.20% and a return on equity of 9.05%. During the same quarter last year, the firm posted $0.10 earnings per share.
Safe Bulkers Stock Up 0.6 %
SB stock opened at $5.17 on Tuesday. Safe Bulkers has a 1-year low of $2.97 and a 1-year high of $5.24. The stock has a market cap of $577.02 million, a P/E ratio of 8.30 and a beta of 1.02. The stock’s fifty day simple moving average is $4.83 and its two-hundred day simple moving average is $4.14. The company has a current ratio of 2.63, a quick ratio of 2.33 and a debt-to-equity ratio of 0.61.
Safe Bulkers Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 1st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.20 annualized dividend and a dividend yield of 3.87%. Safe Bulkers’s dividend payout ratio is currently 32.26%.
Analyst Ratings Changes
View Our Latest Stock Report on Safe Bulkers
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.
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