Safe Bulkers, Inc. (SB)

NYSE: SB · IEX Real-Time Price · USD
4.960
0.00 (0.00%)
Mar 28, 2024, 4:00 PM EDT - Market closed
0.00%
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]

Industry Marine Shipping
Sector Industrials
IPO Date May 29, 2008
Employees 9
Stock Exchange NYSE
Ticker Symbol SB
Full Company Profile

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 Statements

Analyst Forecast

According to one analyst, the rating for SB stock is "Hold" and the 12-month stock price forecast is $4.0.

Price Target
$4.0
(-19.35% downside)
Analyst Consensus: Hold
Stock Forecasts

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...

22 days ago - GlobeNewsWire

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...

4 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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 ...

6 weeks ago - GlobeNewsWire

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...

7 weeks ago - GlobeNewsWire

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.

Other symbols: AMKBYEGLEGNKGOGLSBLK
2 months ago - Market Watch

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.

Other symbols: EGLEGNKGOGLSBLK
2 months ago - Market Watch

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 ...

2 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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 ...

4 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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 ...

6 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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...

7 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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,...

8 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire

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...

11 months ago - GlobeNewsWire

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...

11 months ago - GlobeNewsWire

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...

11 months ago - GlobeNewsWire

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 ...

1 year ago - Invezz

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...

1 year ago - GlobeNewsWire