Analysts See $-0.05 EPS for Safe Bulkers, Inc. (SB)

The company's revenue was up 239.2% compared to the same quarter past year. (NYSE:SB) to report earnings on July, 27. Safe Bulkers posted sales of $26.24 million during the same quarter last year, which suggests a positive year-over-year growth rate of 28.9%. About 691,271 shares traded. Zacks Investment Research's sales averages are a mean average based on a survey of research analysts that follow Safe Bulkers. Safe Bulkers, Inc. (NYSE:SB) has risen 124.94% since July 21, 2016 and is uptrending. The shipping company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.02. Safe Bulkers had a negative net margin of 14.62% and a negative return on equity of 5.68%. The company had revenue of $33.30 million for the quarter, compared to the consensus estimate of $27.85 million. During the same quarter in the prior year, the business posted ($0.21) earnings per share. Safe Bulkers's revenue for the quarter was up 34.8% on a year-over-year basis.

(SB) stock; watched recent volatility movements, they can see that shares have been recorded at 5.87% for the week, and 6.63% for the last month. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Safe Bulkers had 13 analyst reports since October 23, 2015 according to SRatingsIntel. Morgan Stanley downgraded the stock and lowered the price target on December 15 cutting the price target from $3.50 to $1.00 and altering the rating from "Overweight" to "Equal-weight".

On July 29 the stock rating was downgraded from " to "Underperform" and a price target of $1.00 was set in a report issued by Credit Suisse. The rating was downgraded by Jefferies on Friday, October 23 to "Hold". Safe Bulkers earned a media sentiment score of 0.14 on Accern's scale. If you are viewing this article on another website, it was illegally stolen and republished in violation of USA & worldwide copyright legislation.

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Shares of Safe Bulkers (NYSE SB) traded up 1.21% during trading on Friday, hitting $2.51.

The average investor might not have the time to monitor every single tick of a given stock, but taking a look at historical performance may help provide some valuable insight on where the stock may be trending in the future. Safe Bulkers has a 52 week low of $1.07 and a 52 week high of $2.60. The stock's market cap is $249.20 million. It is trading at $2.48 which is marginally over the 50 day moving average which is $2.32 and a bit higher than the 200 day moving average of $1.94.

Several institutional investors have recently added to or reduced their stakes in SB. Recently, the stock has been noticed trading 1.91% away from the 20-day moving average. Driehaus Capital Management LLC acquired a new position in Safe Bulkers during the first quarter valued at approximately $569,000. As of quarter end Tower Research Capital LLC (trc) had sold 3,885 shares trimming its position 32.1%. Finally, State Street Corp raised its position in shares of Scorpio Bulkers by 50.6% in the fourth quarter. Renaissance Technologies LLC now owns 291,700 shares of the shipping company's stock worth $335,000 after buying an additional 150,800 shares during the period. KCG Holdings Inc. boosted its position in Safe Bulkers by 342.8% in the first quarter. Hosking Partners LLP now owns 898,697 shares of the shipping company's stock valued at $8,268,000 after buying an additional 406,926 shares during the period.

Safe Bulkers, a holding company. The Company owns and operates newbuilding drybulk carriers with fuel-efficient specifications and carrying capacities of greater than 30,000 deadweight tons (dwt).

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