Safe Bulkers Company Profile (NYSE:SB)

About Safe Bulkers (NYSE:SB)

Safe Bulkers logoSafe Bulkers, Inc. is a holding company. The Company's principal business is the acquisition, ownership and operation of drybulk vessels. The Company's vessels operate across the world, carrying drybulk cargo for the consumers of marine drybulk transportation services. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along shipping routes across the world. As of February 17, 2017 the Company's fleet included 38 vessels, of which 14 are Panamax class vessels, nine are Kamsarmax class vessels, 12 are Post-Panamax class vessels and three are Capesize class vessels, with an aggregate carrying capacity of 3,421,800 deadweight tonnage (dwt). The Company's fleet of Post-Panamax vessels includes Marina, Xenia, Sophia, Eleni, Martine, Andreas K, Panayiota K, Venus Heritage, Venus History, Venus Horizon and Troodos Sun. Its fleet of Capesize vessels includes Kanaris, Pelopidas and Lake Despina.

Industry, Sector and Symbol:
  • Sector: Transportation
  • Industry: Shipping
  • Sub-Industry: N/A
  • Symbol: NYSE:SB
  • CUSIP: N/A
  • Web: www.safebulkers.com
Capitalization:
  • Market Cap: $211.16 million
  • Outstanding Shares: 99,138,000
Average Prices:
  • 50 Day Moving Avg: $2.22
  • 200 Day Moving Avg: $1.68
  • 52 Week Range: $0.96 - $2.60
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 71.00
  • P/E Growth: -0.55
Sales & Book Value:
  • Annual Revenue: $109.77 million
  • Price / Sales: 1.92
  • Book Value: $5.84 per share
  • Price / Book: 0.36
Profitability:
  • EBIDTA: $41.76 million
  • Net Margins: -75.21%
  • Return on Equity: -6.57%
  • Return on Assets: -3.22%
Debt:
  • Debt-to-Equity Ratio: 1.00%
  • Current Ratio: 4.28%
  • Quick Ratio: 4.28%
Misc:
  • Average Volume: 738,156 shs.
  • Beta: 2.21
 

Frequently Asked Questions for Safe Bulkers (NYSE:SB)

What is Safe Bulkers' stock symbol?

Safe Bulkers trades on the New York Stock Exchange (NYSE) under the ticker symbol "SB."

How were Safe Bulkers' earnings last quarter?

Safe Bulkers, Inc. (NYSE:SB) announced its earnings results on Thursday, May, 18th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.02. The company earned $33.30 million during the quarter, compared to analysts' expectations of $27.85 million. Safe Bulkers had a negative net margin of 75.21% and a negative return on equity of 6.57%. The firm's quarterly revenue was up 34.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.21) earnings per share. View Safe Bulkers' Earnings History.

When will Safe Bulkers make its next earnings announcement?

Safe Bulkers is scheduled to release their next quarterly earnings announcement on Wednesday, May, 31st 2017. View Earnings Estimates for Safe Bulkers.

Where is Safe Bulkers' stock going? Where will Safe Bulkers' stock price be in 2017?

8 brokers have issued twelve-month price targets for Safe Bulkers' shares. Their predictions range from $1.00 to $3.00. On average, they anticipate Safe Bulkers' stock price to reach $1.80 in the next twelve months. View Analyst Ratings for Safe Bulkers.

What are analysts saying about Safe Bulkers stock?

Here are some recent quotes from research analysts about Safe Bulkers stock:

  • 1. According to Zacks Investment Research, "SAFE BULKERS is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly grain, iron ore and coal, along worldwide shipping routes for some of the world's largest consumers of marine drybulk transportation services. " (4/21/2017)
  • 2. Stifel Nicolaus analysts commented, "While we believe it is a little early for lasting dry bulk recovery, shrinking supply and better than expected demand make the possibility of a 2018 recovery somewhat more feasible. Safe Bulkers operates an extremely high quality fleet which is significant levered to a potential recovery with the balance sheet and contracted cash flow base to offset the risk that it may take a protracted time for a recovery to occur. As a result, we believe the shares are appropriately valued and initiate coverage with a Hold rating and $1.50 target price based on the shares trading near our NAV estimate of $0.35 per share." (1/20/2017)

Who are some of Safe Bulkers' key competitors?

Who owns Safe Bulkers stock?

Safe Bulkers' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Evermore Global Advisors LLC (4.03%), Boston Partners (1.87%), Renaissance Technologies LLC (1.28%), Phoenix Investment Adviser LLC (0.58%), Goldman Sachs Group Inc. (0.48%) and California Public Employees Retirement System (0.46%). View Institutional Ownership Trends for Safe Bulkers.

Who sold Safe Bulkers stock? Who is selling Safe Bulkers stock?

Safe Bulkers' stock was sold by a variety of institutional investors in the last quarter, including Kopernik Global Investors LLC, Evermore Global Advisors LLC, Russell Investments Group Ltd., Edmond DE Rothschild Holding S.A., California Public Employees Retirement System and Parametric Portfolio Associates LLC. View Insider Buying and Selling for Safe Bulkers.

Who bought Safe Bulkers stock? Who is buying Safe Bulkers stock?

Safe Bulkers' stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, EAM Investors LLC, KCG Holdings Inc., Driehaus Capital Management LLC, Morgan Stanley, Goldman Sachs Group Inc., Berson & Corrado Investment Advisors LLC and Credit Suisse AG. View Insider Buying and Selling for Safe Bulkers.

How do I buy Safe Bulkers stock?

Shares of Safe Bulkers can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Safe Bulkers stock cost?

One share of Safe Bulkers stock can currently be purchased for approximately $2.13.

Analyst Ratings

Consensus Ratings for Safe Bulkers (NYSE:SB) (?)
Ratings Breakdown: 1 Sell Rating, 5 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.13)
Consensus Price Target: $1.80 (15.49% downside)

Analysts' Ratings History for Safe Bulkers (NYSE:SB)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/24/2017Jefferies Group LLCBoost Price TargetHold$1.50 -> $2.50HighView Rating Details
3/28/2017Morgan StanleyUpgradeEqual Weight -> Overweight$1.30 -> $3.00HighView Rating Details
2/24/2017Evercore ISIUpgradeSell -> HoldN/AView Rating Details
1/27/2017DNB MarketsUpgradeHold -> BuyN/AView Rating Details
1/20/2017Stifel NicolausInitiated CoverageHold$1.50N/AView Rating Details
10/31/2016Clarkson CapitalReiterated RatingNeutralN/AView Rating Details
8/2/2016Seaport Global SecuritiesInitiated CoverageNeutral$1.00N/AView Rating Details
7/29/2016Credit Suisse Group AGDowngradeNeutral -> Underperform$1.00N/AView Rating Details
6/10/2015Citigroup IncDowngradeNeutral -> Sell$4.00 -> $2.00N/AView Rating Details
(Data available from 5/25/2015 forward)

Earnings

Earnings History for Safe Bulkers (NYSE:SB)
Earnings by Quarter for Safe Bulkers (NYSE:SB)
Earnings History by Quarter for Safe Bulkers (NYSE:SB)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/31/2017        
5/18/20173/31/2017($0.09)($0.07)$27.85 million$33.30 millionViewN/AView Earnings Details
2/23/2017Q416($0.10)($0.09)$31.20 million$32.94 millionViewN/AView Earnings Details
10/31/2016Q316($0.15)($0.15)$26.98 million$27.10 millionViewListenView Earnings Details
7/28/2016Q216($0.16)($0.15)$29.20 million$26.20 millionViewN/AView Earnings Details
6/2/2016Q116($0.17)($0.21)$25.63 million$24.70 millionViewN/AView Earnings Details
2/10/2016Q415($0.10)($0.13)$35.99 million$29.90 millionViewListenView Earnings Details
11/9/2015Q315($0.07)($0.12)$34.05 million$33.50 millionViewN/AView Earnings Details
7/30/2015Q215($0.09)($0.09)$31.38 million$31.80 millionViewListenView Earnings Details
6/8/2015Q115($0.02)($0.10)$37.54 million$32.10 millionViewN/AView Earnings Details
2/26/2015Q414$0.02$0.01$35.77 million$39.10 millionViewN/AView Earnings Details
11/5/2014Q314$0.02($0.03)$38.40 million$36.52 millionViewN/AView Earnings Details
7/29/2014Q214$0.09$0.02$38.31 million$37.20 millionViewN/AView Earnings Details
5/28/2014Q114$0.11$0.10$37.86 million$41.30 millionViewN/AView Earnings Details
2/26/2014Q413$0.18$0.38$42.10 million$59.20 millionViewN/AView Earnings Details
11/4/2013Q313$0.14$0.14$38.16 million$41.90 millionViewN/AView Earnings Details
8/21/2013Q2 2013$0.19$0.19$40.41 million$41.40 millionViewN/AView Earnings Details
5/15/2013Q1 2013$0.20$0.21$40.14 million$44.10 millionViewN/AView Earnings Details
2/20/2013Q4 2012$0.30$0.27$46.09 million$46.40 millionViewN/AView Earnings Details
11/14/2012Q312$0.29$0.30$44.95 million$46.80 millionViewN/AView Earnings Details
8/6/2012$0.30$0.31ViewN/AView Earnings Details
5/8/2012$0.29$0.32ViewN/AView Earnings Details
2/14/2012$0.36$0.33ViewN/AView Earnings Details
10/17/2011$0.34$0.37ViewN/AView Earnings Details
7/21/2011$0.35$0.27ViewN/AView Earnings Details
5/3/2011$0.38$0.41ViewN/AView Earnings Details
2/9/2011$0.39$0.47ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Safe Bulkers (NYSE:SB)
2017 EPS Consensus Estimate: ($0.34)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172($0.13)($0.09)($0.11)
Q2 20172($0.11)($0.05)($0.08)
Q3 20172($0.09)($0.07)($0.08)
Q4 20172($0.08)($0.06)($0.07)
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Safe Bulkers (NYSE:SB)
Most Recent Dividend:8/28/2015
Dividend Yield:0.00%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:0.00% (Trailing 12 Months of Earnings)
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Safe Bulkers (NYSE:SB)

Dividend History by Quarter for Safe Bulkers (NYSE:SB)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/31/2015quarterly$0.011.16%8/14/20158/18/20158/28/2015
6/9/2015quarterly$0.011.24%6/17/20156/19/20156/26/2015
2/27/2015quarterly$0.022.11%3/6/20153/10/20153/17/2015
11/5/2014quarterly$0.043.33%11/19/201411/21/201412/5/2014
7/29/2014quarterly$0.063.25%8/15/20148/19/20148/29/2014
5/29/2014quarterly$0.062.98%6/6/20146/10/20146/17/2014
2/26/2014quarterly$0.062.31%3/6/20143/10/20143/17/2014
11/5/2013quarterly$0.062.84%11/20/201311/22/201312/6/2013
8/21/2013quarterly$0.053.21%8/29/20139/3/20139/13/2013
5/15/2013quarterly$0.053.82%5/22/20135/27/20136/7/2013
2/20/2013quarterly$0.055.36%2/28/20133/4/20133/8/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Safe Bulkers (NYSE:SB)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Safe Bulkers (NYSE:SB)
Latest Headlines for Safe Bulkers (NYSE:SB)
Source:
DateHeadline
americanbankingnews.com logoQ2 2017 EPS Estimates for Safe Bulkers, Inc. (SB) Raised by Seaport Global Securities
www.americanbankingnews.com - May 24 at 7:30 AM
finance.yahoo.com logoEdited Transcript of SB earnings conference call or presentation 19-May-17 1:00pm GMT
finance.yahoo.com - May 19 at 11:13 PM
finance.yahoo.com logoSafe Bulkers, Inc. Reports First Quarter 2017 Results
finance.yahoo.com - May 19 at 12:36 PM
finance.yahoo.com logoSafe Bulkers reports 1Q loss
finance.yahoo.com - May 19 at 12:36 PM
americanbankingnews.com logoSafe Bulkers, Inc. (SB) Issues Quarterly Earnings Results
www.americanbankingnews.com - May 19 at 8:08 AM
americanbankingnews.com logoSafe Bulkers, Inc. (SB) Expected to Announce Earnings of -$0.09 Per Share
www.americanbankingnews.com - May 16 at 9:04 AM
finance.yahoo.com logoSafe Bulkers, Inc. Sets Date for First Quarter 2017 Results, Conference Call and Webcast
finance.yahoo.com - May 11 at 8:08 PM
americanbankingnews.com logoSafe Bulkers, Inc. (SB) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - May 5 at 4:59 PM
americanbankingnews.com logoFavorable News Coverage Likely to Affect Safe Bulkers (SB) Share Price
www.americanbankingnews.com - April 29 at 10:47 PM
americanbankingnews.com logo$28.5 Million in Sales Expected for Safe Bulkers, Inc. (SB) This Quarter
www.americanbankingnews.com - April 27 at 12:26 PM
americanbankingnews.com logoSafe Bulkers, Inc. (SB) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - April 27 at 7:20 AM
americanbankingnews.com logoSafe Bulkers (SB) Earns Media Impact Score of 0.22
www.americanbankingnews.com - April 26 at 8:12 PM
americanbankingnews.com logoSafe Bulkers, Inc. to Post Q2 2017 Earnings of ($0.11) Per Share, Jefferies Group Forecasts (SB)
www.americanbankingnews.com - April 26 at 10:03 AM
americanbankingnews.com logoSafe Bulkers, Inc. (SB) Expected to Post Earnings of -$0.09 Per Share
www.americanbankingnews.com - April 25 at 11:56 AM
americanbankingnews.com logoJefferies Group LLC Reiterates "Hold" Rating for Safe Bulkers, Inc. (SB)
www.americanbankingnews.com - April 24 at 8:24 PM
americanbankingnews.com logoSafe Bulkers (SB) Receiving Favorable Media Coverage, Analysis Finds
www.americanbankingnews.com - April 23 at 4:21 PM
nasdaq.com logoEx-Div Reminder for Safe Bulkers Series D Cumulative Redeemable Perpetual Preferred Shares
www.nasdaq.com - April 19 at 9:26 AM
americanbankingnews.com logoFavorable Press Coverage Extremely Likely to Effect Safe Bulkers (SB) Share Price
www.americanbankingnews.com - April 16 at 11:03 AM
americanbankingnews.com logoSafe Bulkers (SB) Earning Somewhat Positive Media Coverage, Study Shows
www.americanbankingnews.com - April 13 at 3:58 PM
finance.yahoo.com logoSafe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares
finance.yahoo.com - April 11 at 7:27 PM
americanbankingnews.com logoSafe Bulkers, Inc. (SB) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - April 10 at 4:34 PM
seekingalpha.com logoSafe Bulkers Preferred Exchange Update - My Thoughts
seekingalpha.com - April 7 at 12:29 PM
finance.yahoo.com logoSafe Bulkers, Inc. Announces the Final Results of its Exchange Offer for Series B Preferred Shares
finance.yahoo.com - April 7 at 12:29 PM
us.rd.yahoo.com logoSafe Bulkers, Inc. Waives Condition to its Exchange Offer for Series B Preferred Shares
us.rd.yahoo.com - March 31 at 12:58 AM
finance.yahoo.com logoSafe Bulkers, Inc. Waives Condition to its Exchange Offer for Series B Preferred Shares - Yahoo Finance
finance.yahoo.com - March 30 at 7:56 PM
americanbankingnews.com logoSafe Bulkers, Inc. (SB) Upgraded at Morgan Stanley
www.americanbankingnews.com - March 28 at 9:50 AM
americanbankingnews.com logoSafe Bulkers, Inc. (SB) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - March 23 at 8:26 AM
capitalcube.com logoSafe Bulkers, Inc. :SB-US: Earnings Analysis: Q4, 2016 By the Numbers : March 17, 2017
us.rd.yahoo.com - March 17 at 7:47 PM
us.rd.yahoo.com logoSafe Bulkers, Inc. Amends Exchange Offer for its Series B Preferred Shares
us.rd.yahoo.com - March 17 at 7:47 PM
finance.yahoo.com logoSAFE BULKERS, INC. Financials
finance.yahoo.com - March 11 at 7:34 PM
finanznachrichten.de logoSAFE BULKERS INC
www.finanznachrichten.de - March 10 at 12:41 AM
finance.yahoo.com logoSafe Bulkers, Inc. Commences Exchange Offer for Any and All Outstanding 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares
finance.yahoo.com - March 9 at 7:41 PM
finance.yahoo.com logo5:38 pm Safe Bulkers commences exchange offer for 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares
finance.yahoo.com - March 9 at 7:41 PM
finance.yahoo.com logoSafe Bulkers, Inc. Announces Filing of 2016 Annual Report on Form 20-F
finance.yahoo.com - March 8 at 7:55 PM
finance.yahoo.com logoEdited Transcript of SB earnings conference call or presentation 24-Feb-17 1:00pm GMT
finance.yahoo.com - February 24 at 9:36 PM
finance.yahoo.com logoSafe Bulkers reports 4Q loss - Yahoo Finance - Yahoo Finance
finance.yahoo.com - February 24 at 5:37 AM
finance.yahoo.com logoSafe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2016 ... - Yahoo Finance
finance.yahoo.com - February 24 at 5:37 AM
us.rd.yahoo.com logoSafe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2016 Results
us.rd.yahoo.com - February 23 at 7:52 PM
biz.yahoo.com logoQ4 2016 Safe Bulkers Inc Earnings Release - After Market Close
biz.yahoo.com - February 23 at 8:09 AM
finance.yahoo.com logoSafe Bulkers, Inc. Sets Date for Fourth Quarter 2016 Results, Conference Call and Webcast
finance.yahoo.com - February 16 at 7:24 PM
us.rd.yahoo.com logoSafe Bulkers upgraded by DNB Markets
us.rd.yahoo.com - January 28 at 6:20 AM
finance.yahoo.com logoCoverage initiated on Safe Bulkers by Stifel
finance.yahoo.com - January 20 at 11:34 PM
finance.yahoo.com logoSafe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred
finance.yahoo.com - January 12 at 9:24 PM
finance.yahoo.com logoSafe Bulkers, Inc. Announces the Closing of its Public Offering of Common Stock
finance.yahoo.com - December 9 at 7:37 PM
reuters.com logoBRIEF-Safe Bulkers announces pricing of its public offering of common stock
www.reuters.com - December 8 at 8:37 AM
streetinsider.com logoSafe Bulkers (SB) Prices 13.6M Share Common Stock Offering for Proceeds of ~$15M
www.streetinsider.com - December 7 at 8:43 AM
us.rd.yahoo.com logoSafe Bulkers, Inc. Announces Pricing of its Public Offering of Common Stock
us.rd.yahoo.com - December 6 at 7:20 PM
seekingalpha.com logoSafe Bulkers -13% on news of stock offering - Safe Bulkers Inc ... - Seeking Alpha
seekingalpha.com - December 6 at 8:45 AM
streetinsider.com logoAfter-Hours Stock Movers 12/05: (TXMD) (COUP) (BOBE) Higher; (SB) (LXRX) (STWD) Lower (more...)
www.streetinsider.com - December 5 at 7:32 PM
us.rd.yahoo.com logoSafe Bulkers, Inc. Announces Public Offering of Common Stock
us.rd.yahoo.com - December 5 at 7:32 PM

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Chart

Safe Bulkers (SB) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by MarketBeat.com Staff