Safe Bulkers, Inc. (SB)
Market Cap | 410.61M |
Revenue (ttm) | 349.72M |
Net Income (ttm) | 163.58M |
Shares Out | 111.60M |
EPS (ttm) | 1.36 |
PE Ratio | 5.57 |
Forward PE | 2.10 |
Dividend | $0.20 (5.46%) |
Ex-Dividend Date | Nov 24, 2023 |
Volume | 527,843 |
Open | 3.70 |
Previous Close | 3.72 |
Day's Range | 3.62 - 3.70 |
52-Week Range | 2.62 - 3.99 |
Beta | 0.93 |
Analysts | Hold |
Price Target | 4.00 (+9.29%) |
Earnings Date | Nov 7, 2023 |
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. As of February 2023, the company had a fleet of 40 drybulk vessels having an average age of 10.5 years; and an aggregate carrying capacity of 4.5 million deadweight tons. Its fleet consisted of 12 Panamax class vessels, 7 Kamsarmax class vessels, 17 post- Panamax class vessels, and 8 Capesize class vessels. Safe Bulkers, Inc. was incorporated ... [Read more]
Financial Performance
In 2022, Safe Bulkers's revenue was $349.72 million, an increase of 6.29% compared to the previous year's $329.03 million. Earnings were $163.58 million, an increase of 0.01%.
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 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, 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, July 05, 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 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...

Safe Bulkers, Inc. Announces Sale of one Panamax Class Dry-bulk Vessel
MONACO, March 14, 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 Announces Filing of 2022 Annual Report on Form 20-F
MONACO, March 06, 2023 (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. Reports Fourth Quarter and Twelve Months 2022 Results and Declares Dividend on Common Stock
MONACO, Feb. 14, 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 Fourth Quarter 2022 Results, Conference Call and Webcast
MONACO, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it will release its res...

Safe Bulkers, Inc. to Participate at Capital Link's Corporate Presentations Series
MONACO, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it will participate i...

Safe Bulkers, Inc. Sets Date for the Third Quarter 2022 Results, Conference Call and Webcast
Earnings Release: Wednesday, November 9, 2022, After Market Closes

Safe Bulkers, Inc. Announces Results of 2022 Annual Meeting of Stockholders
MONACO, Sept. 26, 2022 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced the election of two Class II di...

Safe Bulkers, Inc. Announces Sale of one Kamsarmax Vessel
MONACO, Sept. 26, 2022 (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...