Jefferies Downgrades Safe Bulkers to Hold, Lowers Price Target to $4
Jefferies analyst Omar Nokta downgrades Safe Bulkers (NYSE:SB) from Buy to Hold and lowers the price target from $5 to $4.
Is The Global Fleet Ready For The Upcoming Environmental Regulations? Fleet Renewal Strategy For Long Term Competitiveness
Summary
Fundamentals in the dry bulk sector driven by the historically low orderbook creating tight supply and demand balance. Shipyard capacity currently booked with other vessel types – any dry bulk vessels ordered today will be delivered in 2025 and beyond.
Earnings Scheduled For July 27, 2022
Companies Reporting Before The Bell
• Equinor (NYSE:EQNR) is projected to report earnings for its second quarter.
Earnings Preview For Safe Bulkers
Safe Bulkers (NYSE:SB) is set to give its latest quarterly earnings report on Wednesday, 2022-07-27. Here's what investors need to know before the announcement.
Analysts estimate that Safe Bulkers will report an earnings per share (EPS) of $0.31.
12 Industrials Stocks Moving In Wednesday’s After-Market Session
Gainers
Momentus (NASDAQ:MNTS) shares rose 5.2% to $2.85 during Wednesday's after-market session. The market value of their outstanding shares is at $233.0 million.
Safe Bulkers: Q1 Earnings Insights
Safe Bulkers (NYSE:SB) reported its Q1 earnings results on Wednesday, May 25, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Safe Bulkers missed estimated earnings by 14.29%, reporting an EPS of $0.24 versus an estimate of $0.28.
Earnings Scheduled For May 25, 2022
Companies Reporting Before The Bell
• Bank of Montreal (NYSE:BMO) is likely to report earnings for its second quarter.
US Goods Risk Delay As China’s Lockdowns Heightens Shipping Port Jams: Bloomberg
The key Chinese ports of Shenzhen and Hong Kong face congestion, which rose to the highest level in…
Safe Bulkers: Q4 Earnings Insights
Safe Bulkers (NYSE:SB) reported its Q4 earnings results on Wednesday, March 9, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Safe Bulkers reported in-line EPS of $0.39 versus an estimate of $0.39.