Media coverage about Safe Bulkers (NYSE:SB) has been trending somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Safe Bulkers earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the shipping company an impact score of 47.3545052410319 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s rankings:
A number of analysts have issued reports on SB shares. Citigroup raised their target price on Safe Bulkers from $2.00 to $2.50 and gave the company a “sell” rating in a report on Thursday, November 2nd. Jefferies Group reissued a “hold” rating on shares of Safe Bulkers in a report on Friday, November 3rd. Zacks Investment Research raised Safe Bulkers from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Maxim Group set a $5.00 price objective on Safe Bulkers and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, Stifel Nicolaus set a $2.00 price target on Safe Bulkers and gave the company a “hold” rating in a research note on Saturday, October 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Safe Bulkers presently has an average rating of “Hold” and a consensus price target of $3.00.
Shares of Safe Bulkers (NYSE SB) traded up $0.08 during trading on Monday, hitting $3.33. The company had a trading volume of 396,586 shares, compared to its average volume of 602,634. Safe Bulkers has a twelve month low of $1.09 and a twelve month high of $3.79. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.00.
Safe Bulkers (NYSE:SB) last posted its quarterly earnings data on Tuesday, October 31st. The shipping company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The company had revenue of $38.80 million during the quarter, compared to analysts’ expectations of $37.12 million. Safe Bulkers had a negative return on equity of 2.10% and a negative net margin of 2.01%. Safe Bulkers’s revenue for the quarter was up 37.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.15) earnings per share. equities research analysts anticipate that Safe Bulkers will post -0.19 earnings per share for the current fiscal year.
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About Safe Bulkers
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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