Safe Bulkers is receiving a brighter outlook through 2019 after first-quarter revenue and debt costs performed better than expected.

Jefferies doubled second-quarter earnings per share (EPS) forecast to $0.06 while lifting third-quarter and fourth-quarter views respectively to $0.09 from $0.00 and to $0.14 from $0.13.

It has risen full-year EPS estimates for this year to $0.31 from $.026 and to $0.52