Safe Bulkers, Inc. (SB)
Market Cap | 443.66M |
Revenue (ttm) | 318.43M |
Net Income (ttm) | 97.63M |
Shares Out | 106.78M |
EPS (ttm) | 0.90 |
PE Ratio | 4.72 |
Forward PE | 12.40 |
Dividend | $0.20 (4.73%) |
Ex-Dividend Date | Aug 21, 2024 |
Volume | 154,028 |
Open | 4.220 |
Previous Close | 4.230 |
Day's Range | 4.044 - 4.220 |
52-Week Range | 3.450 - 6.330 |
Beta | 0.95 |
Analysts | n/a |
Price Target | n/a |
Earnings Date | Nov 13, 2024 |
About SB
Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. The company has a fleet of 47 drybulk vessels having an aggregate carrying capacity of 4,719,600 deadweight tons. Its fleet consists of 10 Panamax class vessels, 11 Kamsarmax class vessels, 18 post-Panamax class vessels, and 8 Capesize class vessels. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco. [Read more]
Financial Performance
In 2023, Safe Bulkers's revenue was $284.40 million, a decrease of -18.68% compared to the previous year's $349.72 million. Earnings were $69.35 million, a decrease of -57.60%.
Financial StatementsNews
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. Declares Quarterly Dividend on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares
MONACO, Oct. 03, 2024 (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, 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...
Safe Bulkers: Better Margins At A Cheaper Price
Safe Bulkers has significantly outperformed its peers, achieving a total return of 89% since I covered it in early 2023. The demand and supply balance in the dry bulk shipping industry has weakened, b...
Safe Bulkers, Inc. Announces Availability of 2023 Sustainability Report
MONACO, May 30, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's 2023 Sus...
Safe Bulkers, Inc. (SB) Q1 2024 Earnings Call Transcript
Safe Bulkers, Inc. (NYSE:SB) Q1 2024 Earnings Conference Call April 30, 2024 10:00 AM ET Company Participants Loukas Barmparis - President Konstantinos Adamopoulos - Chief Financial Officer Polys Haj...
Safe Bulkers, Inc. Reports First Quarter 2024 Results and Declares Dividend on Common Stock
MONACO, April 29, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial r...
Safe Bulkers, Inc. Announces Agreement for the Acquisition of One Newbuild Japanese Kamsarmax Class Dry-bulk Vessel
MONACO, April 26, 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. Sets Date for the First Quarter 2024 Results, Conference Call, and Webcast
Earnings Release: Monday, April 29, 2024, After Market Closes Conference Call and Webcast: Tuesday, April 30, 2024, at 10:00 A.M. Eastern Time MONACO, April 24, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, ...
Safe Bulkers: Bet On Mid-Size Bulk Carriers With The Best In Class
Safe Bulkers is a bet on mid-size dry bulk vessels. The company has a superior fleet compared to its peers in the mid-cap segment. In 2023, SB realized YoY declining revenue and profits due to a weak ...
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 03, 2024 (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, Inc. Announces the Sale of Two Dry-bulk Vessels
MONACO, March 06, 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 tw...
Safe Bulkers Announces Filing of 2023 Annual Report on Form 20-F
MONACO, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (“Safe Bulkers”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has filed its 202...
Safe Bulkers, Inc. (SB) Q4 2023 Earnings Call Transcript
Safe Bulkers, Inc. (SB) Q4 2023 Earnings Call Transcript
Safe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2023 Results and Declares Dividend on Common Stock
MONACO, Feb. 12, 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 Sale of One Panamax Class Dry-bulk Vessel
MONACO, Feb. 12, 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. Sets Date for the Fourth Quarter 2023 Results, Conference Call, and Webcast
Earnings Release: Monday, February 12, 2024, After Market Closes Conference Call and Webcast: Tuesday, February 13, 2024, at 10:00 A.M. Eastern Time MONACO, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Safe Bulk...
Red Sea container traffic is down almost 30% amid Houthi attacks, says IMF, as experts weigh wider impact
Houthi attacks on cargo ships have cut Red Sea container traffic by almost 30% since late last year, according to the International Monetary Fund.
Shipping stocks rise as latest Houthi attack thrusts dry bulk fleet into the spotlight
Shipping stocks were on the rise Tuesday despite Monday's ballistic missile attack on a U.S. -owned vessel in the Gulf of Aden.