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Safe Bulkers' Q4 earnings met expectations, stock hit 52-week high on Jefferies' upgrade.
Safe Bulkers (NYSE: SB) reported fourth-quarter earnings of $0.14 per share, meeting expectations, with a net margin of 16.78% and return on equity of 5.18%.
The stock rose to a 52-week high of $6.19, closing at $6.16, boosted by Jefferies upgrading its target to $6.00 and maintaining a “Buy” rating.
The company, founded in 2008, operates a fleet of dry bulk carriers transporting commodities like iron ore and coal under time and voyage charters.
It has a market cap of $630 million, a P/E ratio of 17.11, and a debt-to-equity ratio of 0.58.
Institutional investors own 21.69% of shares, with recent stake increases by Jane Street Group and the State of Alaska.
Analysts hold a consensus “Hold” rating with a $6.00 average target.
Las ganancias del cuarto trimestre de Safe Bulkers cumplieron las expectativas, las acciones alcanzaron su máximo de 52 semanas con la actualización de Jefferies.