Brokerages Anticipate Safe Bulkers, Inc (SB) to Post -$0.04 EPS

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Safe Bulkers now has an average rating of "Hold" and a consensus price target of $3.19.

Scorpio Bulkers Inc (NYSE:SALT)'s trailing twelve month revenues are $123.3 Million, whereas its price to sales ratio for the same period is 5.03. The brokerage now has a $9.00 price objective on the shipping company's stock.

Several brokerages have commented on SB.

Separately, Zacks Investment Research cut Scorpio Bulkers from a "buy" rating to a "hold" rating in a research report on Wednesday, September 28th. Maxim Group set a $5.00 target price on shares of Safe Bulkers and gave the stock a "buy" rating in a research report on Thursday, October 19th.

Analysts at Jefferies Group lowered their Q3 2017 EPS estimates for Safe Bulkers in a note issued to investors on Thursday. Stifel Nicolaus set a $2.00 price objective on shares of Safe Bulkers and gave the company a "hold" rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company now has an average rating of Hold and a consensus target price of $9.50.

Traders are a little more bullish on shares of Scorpio Bulkers Inc. Cutler Group LP controls 5,600 shares with a value of $1,000. The 50 day moving average moved up $0.56 whereas the 200 day moving average was up $0.94 or +3.79%. Safe Bulkers has a 12 month low of $1.09 and a 12 month high of $3.65.

In the market the company is trading unchanged since yesterday's close of 25.60.

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Safe Bulkers (NYSE:SB) last posted its earnings results on Wednesday, July 26th. The shipping company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.05) by ($0.02). Safe Bulkers had a negative return on equity of 3.34% and a negative net margin of 26.74%.

Scorpio Bulkers Inc (NYSE:SALT)'s revenue estimates for the current quarter are $39.74 Million according to 11 number of analysts, for the current quarter the company has high revenue estimates of $43.23 Million in contradiction of low revenue estimates of $37 Million. During the same quarter in the prior year, the company earned ($0.15) EPS. Safe Bulkers posted earnings of ($0.15) per share during the same quarter last year, which would suggest a positive year over year growth rate of 73.3%. Next quarter's EPS is forecasted to be $-0.02 and the next full year EPS is anticipated to be $0.11.

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Shares of Safe Bulkers (SB) opened at 3.28 on Monday.

The business also recently announced a special dividend, which will be paid on Friday, December 15th. New York State Common Retirement Fund purchased a new stake in Safe Bulkers in the 2nd quarter worth approximately $117,000. Rhumbline Advisers bought a new position in Safe Bulkers in the 2nd quarter worth about $117,000. BlackRock Advisors LLC boosted its position in Scorpio Bulkers by 5,045.9% in the second quarter. As of the end of the quarter Berson & Corrado Investment Advisors, LLC had sold 21,450 shares trimming its stake by 28.4%. Marshall Wace North America L.P. bought a new stake in Scorpio Bulkers in the second quarter worth $245,000. Goldman Sachs Group Inc. lifted its holdings in Safe Bulkers by 57.1% during the 1st quarter.

Scorpio Bulkers a provider of marine transportation of dry bulk commodities. The Company focuses to acquire and operate the drybulk carriers. As of February 17, 2017 the Business's fleet included 38 vessels, of which 14 are Panamax class vessels, nine are Kamsarmax class vessels, 12 are Post-Panamax class vessels and three are Capesize class vessels, with an aggregate carrying capacity of 3,421,800 deadweight tonnage (dwt).