Press coverage about Safe Bulkers (NYSE:SB) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Safe Bulkers earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the shipping company an impact score of 46.0953654454897 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
- Safe Bulkers, Inc. (SB) -Track the Possession of Insider Investors: China Unicom (Hong Kong) Limited (CHU) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- CEOs of Safe Bulkers, Seanergy Maritime & Star Bulk Carriers to … – Nasdaq (nasdaq.com)
- Safe Bulkers Issues Notice of Redemption of Series B Preferred Shares – GlobeNewswire (press release) (globenewswire.com)
- Safe Bulkers Series B Cumulative Redeemable Perpetual Goes Ex-Dividend Soon (nasdaq.com)
Safe Bulkers (NYSE:SB) opened at $3.59 on Friday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.00. The company has a market cap of $365.50, a price-to-earnings ratio of -18.89 and a beta of 2.27. Safe Bulkers has a one year low of $1.23 and a one year high of $3.80.
Safe Bulkers (NYSE:SB) last issued its quarterly earnings data on Tuesday, October 31st. The shipping company reported ($0.05) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.05). The business had revenue of $38.80 million for the quarter, compared to the consensus estimate of $37.12 million. Safe Bulkers had a negative net margin of 2.01% and a negative return on equity of 2.10%. The company’s quarterly revenue was up 37.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.15) EPS. analysts anticipate that Safe Bulkers will post -0.19 EPS for the current year.
A number of analysts recently issued reports on the stock. ValuEngine downgraded shares of Safe Bulkers from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Maxim Group set a $5.00 target price on shares of Safe Bulkers and gave the stock a “buy” rating in a research note on Sunday, November 19th. Zacks Investment Research upgraded shares of Safe Bulkers from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Stifel Nicolaus set a $2.00 price objective on shares of Safe Bulkers and gave the company a “hold” rating in a research note on Saturday, October 21st. Finally, Jefferies Group began coverage on shares of Safe Bulkers in a research note on Monday, December 18th. They set a “hold” rating and a $3.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $3.10.
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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