Safe Bulkers, Inc. (SB)
Market Cap | 553.62M |
Revenue (ttm) | 284.40M |
Net Income (ttm) | 69.35M |
Shares Out | 111.62M |
EPS (ttm) | 0.61 |
PE Ratio | 8.13 |
Forward PE | 2.10 |
Dividend | $0.20 (4.03%) |
Ex-Dividend Date | Feb 29, 2024 |
Volume | 860,281 |
Open | 4.930 |
Previous Close | 4.960 |
Day's Range | 4.910 - 5.010 |
52-Week Range | 2.970 - 5.150 |
Beta | 1.02 |
Analysts | Hold |
Price Target | 4.00 (-19.35%) |
Earnings Date | May 8, 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 StatementsAnalyst Forecast
According to one analyst, the rating for SB stock is "Hold" and the 12-month stock price forecast is $4.0.
News
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. 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.
Safe Bulkers, Inc. Announces Agreement for the Acquisition of One Japanese Kamsarmax Class Dry-bulk Vessel
MONACO, Jan. 10, 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. 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. 04, 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 Sale of a 2015-built Kamsarmax Class Dry-bulk Vessel
MONACO, Nov. 27, 2023 (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 Formation of a Board of Directors Committee on Environmental, Social and Governance
MONACO, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced that it has formed a new Board o...
Safe Bulkers, Inc. Reports Third Quarter and Nine Months 2023 Results and Declares Dividend on Common Stock
MONACO, Nov. 07, 2023 (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 Third Quarter 2023 Results, Conference Call and Webcast
Earnings Release: Tuesday, November 7, 2023, After Market Closes Conference Call and Webcast: Wednesday, November 8, 2023, at 9:00 A.M. Eastern Time MONACO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Safe Bulk...
Safe Bulkers, Inc. Announces Contracts for the Acquisition of Two Dual-Fueled Kamsarmax Class Newbuild Vessels
MONACO, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that in relation to its ESG ...
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. 04, 2023 (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 2023 Annual Meeting of Stockholders
MONACO, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced the election of three Class III...
Safe Bulkers, Inc. Reports Second Quarter 2023 Results and Declares Dividend on Common Stock
MONACO, July 26, 2023 (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 Availability of 2022 Sustainability Report
MONACO, July 26, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's 2022 Su...
Safe Bulkers, Inc. Sets Date for the Second Quarter 2023 Results, Conference Call and Webcast
Earnings Release: Wednesday, July 26, 2023, After Market Closes Conference Call and Webcast: Thursday, July 27, 2023, at 10:00 A.M. Eastern Time MONACO, July 21, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers,...
Safe Bulkers Announces Annual Meeting of Stockholders
MONACO, June 26, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that its Board of Director...
Safe Bulkers, Inc. Announces a New Five Million Shares of Common Stock Repurchase Program
MONACO, May 23, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company” or “Safe Bulkers”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it h...
Safe Bulkers, Inc. Reports First Quarter 2023 Results and Declares Dividend on Common Stock
MONACO, May 10, 2023 (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 2023 Results, Conference Call and Webcast
Earnings Release: Wednesday, May 10, 2023, After Market Closes Conference Call and Webcast: Thursday, May 11, 2023, at 10:00 A.M. Eastern Time MONACO, May 05, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, In...
Safe Bulkers stock recovery stalls as commodity prices sink
Safe Bulkers (NYSE: SB) stock price has done well in 2023 even as the shipping industry goes through a difficult period as prices drop. The stock has jumped by more than 25% this year and is hovering ...
Safe Bulkers, Inc. Announces Common Stock Repurchase Program
MONACO, March 20, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company” or “Safe Bulkers”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it...