• Safe Bulkers Inc SB.N reported quarterly adjusted earnings of 15 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 23 cents. The mean expectation of three analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 14 cents to 15 cents per share.

• Revenue fell 13.1% to $71.49 million from a year ago; analysts expected $69.95 million.

• Safe Bulkers Inc's reported EPS for the quarter was 16 cents​.

• The company reported quarterly net income of $17.36 million.

• Safe Bulkers Inc shares had risen by 0.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.4% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

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

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

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

This summary was machine generated from LSEG data February 18 at 10:01 p.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)