Safe Bulkers, Inc. (SB)
Market Cap | 384.69M |
Revenue (ttm) | 290.31M |
Net Income (ttm) | 71.32M |
Shares Out | 102.31M |
EPS (ttm) | 0.67 |
PE Ratio | 5.53 |
Forward PE | 6.63 |
Dividend | $0.20 (5.32%) |
Ex-Dividend Date | Jun 6, 2025 |
Volume | 488,062 |
Open | 3.700 |
Previous Close | 3.710 |
Day's Range | 3.675 - 3.800 |
52-Week Range | 3.015 - 6.330 |
Beta | 1.18 |
Analysts | Strong Buy |
Price Target | 5.00 (+32.98%) |
Earnings Date | May 19, 2025 |
About SB
Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services internationally. It owns and operates a fleet of dry bulk vessels for transporting bulk cargoes comprising coal, grain, and iron ore. The company’s fleet consists of 46 vessels, including 8 Panamax class vessels, 13 Kamsarmax class vessels, 17 post-Panamax class vessels, and 8 Capesize class vessels with an aggregate carrying capacity of 4,641,600 deadweight tons. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco. [Read more]
Financial Performance
In 2024, Safe Bulkers's revenue was $307.63 million, an increase of 8.17% compared to the previous year's $284.40 million. Earnings were $89.38 million, an increase of 28.87%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for SB stock is "Strong Buy" and the 12-month stock price forecast is $5.0.
News

Safe Bulkers: Still A Good Choice Despite External Headwinds
Safe Bulkers, Inc. demonstrates resilience amid tariffs, trade wars, and inflation, thanks to strong liquidity, cost management, and a modernized fleet. Despite a weaker topline and lower shipping dem...

Safe Bulkers, Inc. (SB) Q1 2025 Earnings Call Transcript
Safe Bulkers, Inc. (NYSE:SB) Q1 2025 Earnings Conference Call May 20, 2025 10:00 AM ET Company Participants Loukas Barmparis - President Konstantinos Adamopoulos - Chief Financial Officer Polys Hajio...

Safe Bulkers, Inc. Reports First Quarter 2025 Results and Declares Dividend on Common Stock
MONACO, May 19, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial res...

Safe Bulkers, Inc. Sets Date for the First Quarter 2025 Results, Conference Call, and Webcast
Earnings Release: Monday, May 19, 2025, After Market Closes Conference Call and Webcast: Tuesday, May 20, 2025, at 10:00 A.M. Eastern Time MONACO, May 13, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (...

Safe Bulkers: Modern Fleet, Contract Cover Drive Buy Rating
Initiate Buy rating on Safe Bulkers (SB) with $4 PT, driven by modern fleet, high contract coverage, and newbuild deliveries supporting earnings and regulatory compliance. SB's premium fleet and $145+...

Safe Bulkers, Inc. Chairman & CEO and President of the Republic of Cyprus to Ring NYSE Closing Bell on Friday, April 4, 2025
MONACO, April 04, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine dry-bulk transportation services, announced today that it will host a spec...

Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares
MONACO, April 02, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's Board ...

Safe Bulkers Announces Participation in Capital Link's Investor Conference in New York on Monday, March 31, 2025
MONACO, March 19, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (“Safe Bulkers”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today it will participate in t...

3rd Capital Link “Business in Cyprus Forum”: A Premier Gathering for Industry Leaders
Cyprus President & Ministers Address International Investors - April 4, 2025, New York City Cyprus President & Ministers Address International Investors - April 4, 2025, New York City

Safe Bulkers Announces Filing of 2024 Annual Report on Form 20-F
MONACO, March 10, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (“Safe Bulkers”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has filed its 20...

Safe Bulkers, Inc. Announces a Three Million Shares of Common Stock Repurchase Program
MONACO, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company” or “Safe Bulkers”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it ...

Safe Bulkers, Inc. (SB) Q4 2024 Earnings Call Transcript
Safe Bulkers, Inc. (NYSE:SB) Q4 2024 Earnings Conference Call February 19, 2025 9:00 AM ET Company Participants Loukas Barmparis - President, Secretary, Director Konstantinos Adamopoulos - CFO & Dire...

Safe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2024 Results and Declares Dividend on Common Stock
MONACO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial re...

Safe Bulkers, Inc. Sets Date for the Fourth Quarter 2024 Results, Conference Call, and Webcast
Earnings Release: Tuesday, February 18, 2025, After Market Closes Conference Call and Webcast: Wednesday, February 19, 2025, at 9:00 A.M. Eastern Time MONACO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Safe Bu...

Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares
MONACO, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's Board o...

Safe Bulkers: Safe Route To Financial Stability Despite Headwinds
Safe Bulkers' Q3/9M results show impressive growth in net operating revenue and operating margin, driven by increased and newer vessels and improved operating efficiency. SB's capitalization on more e...

Safe Bulkers: Maintaining Buy Rating On This Quality Shipper
Safe Bulkers, with a $380 million market cap, owns a young fleet of 46 vessels, emphasizing fleet modernization and environmental compliance. Q3 revenues rose 17% YoY to $76 million, with EPS of $0.16...

Safe Bulkers, Inc. (SB) Q3 2024 Earnings Call Transcript
Safe Bulkers, Inc. (SB) Q3 2024 Earnings Call Transcript

Safe Bulkers: Idea For Income-Oriented Investors That Seek Upside Potential
Safe Bulkers employs nine vessels under spot charters and 38 under time charters. The mix between time and spot charters pays off. Net revenue grew by 11% yearly to $78.5 million in 2Q24. Higher day r...

Safe Bulkers, Inc. Announces Results of 2024 Annual Meeting of Stockholders
MONACO, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced the election of three Class I d...

Safe Bulkers: The PullBack Might Not Be Over
Recent 20% pullback in share price following a 100% bull run since the end of 2023, with mixed Q2 2024 earnings due to weaker commodity markets and reduced backhaul cargoes. Despite a rise in net inco...

Safe Bulkers, Inc. (SB) Q2 2024 Earnings Call Transcript
Safe Bulkers, Inc. (NYSE:SB) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Loukas Barmparis - President, Secretary, Director Konstantinos Adamopoulos - CFO & Directo...

Safe Bulkers, Inc. Reports Second Quarter 2024 Results and Declares Dividend on Common Stock
MONACO, July 29, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial re...

Safe Bulkers, Inc. Announces Agreement for the Acquisition of One Japanese Kamsarmax Class Dry-bulk Vessel
MONACO, June 03, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into an ...

Safe Bulkers, Inc. Announces the Implementation of Integrated Management System in Compliance with DryBMS Standards
MONACO, May 31, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that from June 1st, it is vol...