For its second fiscal quarter (ending June 30), Safe Bulkers Inc (NYSE: SB) has reported E.P.S. of $0.24 compared to $0.12 a year ago. For the latest four quarters through June 30, E.P.S. were $0.80 versus $0.96 for the same period a year ago.
Recent Price Action
Safe Bulkers Inc (NYSE: SB) stock was unchanged 0.0% on 7/29/24. The shares closed at $5.45. Trading volume in this flat performance was normal. Relative to the market the stock has been exceptionally strong over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, SB is expected to continue to be a Value Builder.
Safe Bulkers has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Safe Bulkers has a good Appreciation Score of 84 and a very high Power Rating of 94, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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