Safe Bulkers Inc reports results for the quarter - Earnings Summary

• Safe Bulkers Inc SB.N reported quarterly adjusted earnings of 16 cents​​ per share for the quarter , higher than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of three analysts for the quarter was for earnings of 17 cents per share. Wall Street expected results to range from 16 cents to 17 cents per share.

• Revenue rose 17.4% to $75.92 million from a year ago; analysts expected $74.76 million.

• Safe Bulkers Inc's reported EPS for the quarter was 22 cents​.

• The company reported quarterly net income of $23.12 million.

• Safe Bulkers Inc shares had fallen by 16.0% this quarter and gained 10.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 19.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the marine freight & logistics peer group is also "buy"

Wall Street's median 12-month price target for Safe Bulkers Inc is $6.00

This summary was machine generated from LSEG data November 14 at 04:08 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)