NYSE:SB Safe Bulkers (SB) Stock Forecast, Price & News $3.25 +0.11 (+3.50%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$3.17▼$3.2750-Day Range$2.99▼$3.3952-Week Range$2.35▼$3.85Volume713,210 shsAverage Volume405,298 shsMarket Capitalization$362.64 millionP/E Ratio3.39Dividend Yield6.15%Price Target$2.93 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Safe Bulkers MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside10.0% Downside$2.93 Price TargetShort InterestBearish3.09% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-5.84Upright™ Environmental ScoreNews Sentiment1.18Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth74.00%From $0.50 to $0.87 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.26 out of 5 starsTransportation Sector56th out of 112 stocksDeep Sea Foreign Transportation Of Freight Industry10th out of 25 stocks 1.0 Analyst's Opinion Consensus RatingSafe Bulkers has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $2.93, Safe Bulkers has a forecasted downside of 10.0% from its current price of $3.25.Amount of Analyst CoverageSafe Bulkers has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.09% of the float of Safe Bulkers has been sold short.Short Interest Ratio / Days to CoverSafe Bulkers has a short interest ratio ("days to cover") of 4.2.Change versus previous monthShort interest in Safe Bulkers has recently increased by 9.39%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipSafe Bulkers is a leading dividend payer. It pays a dividend yield of 6.37%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSafe Bulkers has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Safe Bulkers is 20.83%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Safe Bulkers will have a dividend payout ratio of 22.99% next year. This indicates that Safe Bulkers will be able to sustain or increase its dividend. Previous Next 1.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSafe Bulkers has received a -17.60% net impact score from Upright. The largest negative impact of Safe Bulkers in category "GHG emissions" is driven by its "Heavy fuel oil ship freight transport services" product. See details.Environmental SustainabilityThe Environmental Impact score for Safe Bulkers is -5.84. Previous Next 3.4 News and Social Media Coverage News SentimentSafe Bulkers has a news sentiment score of 1.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Safe Bulkers this week, compared to 2 articles on an average week.Search Interest18 people have searched for SB on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat Follows6 people have added Safe Bulkers to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Safe Bulkers insiders have not sold or bought any company stock.Percentage Held by Insiders40.25% of the stock of Safe Bulkers is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 20.56% of the stock of Safe Bulkers is held by institutions. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Safe Bulkers are expected to grow by 74.00% in the coming year, from $0.50 to $0.87 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Safe Bulkers is 3.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.37.Price to Earnings Ratio vs. SectorThe P/E ratio of Safe Bulkers is 3.39, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 11.28.Price to Book Value per Share RatioSafe Bulkers has a P/B Ratio of 0.51. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Safe Bulkers (NYSE:SB) StockSafe 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 in 2007 and is based in Monaco.Read More SB Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SB Stock News HeadlinesSeptember 20, 2023 | msn.comSafe Bulkers: Buy On Solid Operating Performance And Discounted ValuationSeptember 18, 2023 | markets.businessinsider.comCleaves Securities Remains a Buy on Safe Bulkers (SB)September 23, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.September 10, 2023 | thestreet.comSafe Bulkers Inc Cumulative Redeemable Perpetual Preferred Series C (Marshall Islands)September 7, 2023 | finance.yahoo.comSafe Bulkers, Inc. Announces Results of 2023 Annual Meeting of StockholdersAugust 15, 2023 | markets.businessinsider.comSafe Bulkers (SB) Receives a Rating Update from a Top AnalystAugust 13, 2023 | finance.yahoo.comSafe Bulkers, Inc.'s (NYSE:SB) Intrinsic Value Is Potentially 20% Below Its Share PriceAugust 3, 2023 | finance.yahoo.comSafe Bulkers, President, Dr. Loukas Barmparis, Discusses Key Corporate Developments and Dry Bulk Market ExpectationsSeptember 23, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.July 30, 2023 | finance.yahoo.comSafe Bulkers (NYSE:SB) Is Paying Out A Dividend Of $0.05July 28, 2023 | finance.yahoo.comNeed To Know: Analysts Just Made A Substantial Cut To Their Safe Bulkers, Inc. (NYSE:SB) EstimatesJuly 26, 2023 | finance.yahoo.comSafe Bulkers, Inc. Reports Second Quarter 2023 Results and Declares Dividend on Common StockJuly 26, 2023 | finance.yahoo.comSafe Bulkers, Inc. Announces Availability of 2022 Sustainability ReportJuly 26, 2023 | finance.yahoo.comSafe Bulkers, Inc. Reports Second Quarter 2023 Results and Declares Dividend on Common StockJuly 26, 2023 | msn.comSafe Bulkers Non-GAAP EPS of $0.10, revenue of $66.8MJuly 22, 2023 | finance.yahoo.comSafe Bulkers, Inc.'s (NYSE:SB) top owners are individual investors with 35% stake, while 26% is held by insidersJuly 21, 2023 | finance.yahoo.comSafe Bulkers, Inc. Sets Date for the Second Quarter 2023 Results, Conference Call and WebcastJuly 9, 2023 | fool.comSafe Bulkers (NYSE: SB)June 27, 2023 | finanznachrichten.deSafe Bulkers, Inc.: Safe Bulkers Announces Annual Meeting of StockholdersJune 25, 2023 | msn.comSafe Bulkers: A Decent Value In The Dry Bulk Space - BuyMay 30, 2023 | finance.yahoo.comIs Now The Time To Look At Buying Safe Bulkers, Inc. (NYSE:SB)?May 24, 2023 | seekingalpha.comSB.PD Safe Bulkers, Inc. PERP PFD SER DMay 23, 2023 | msn.comSafe Bulkers unveils new 5M-share buyback programMay 23, 2023 | finance.yahoo.comSafe Bulkers, Inc. Announces a New Five Million Shares of Common Stock Repurchase ProgramMay 22, 2023 | msn.comSafe Bulkers: Sailing With Security Amidst The Stormy MarketMay 14, 2023 | finance.yahoo.comSafe Bulkers' (NYSE:SB) Dividend Will Be $0.05May 12, 2023 | msn.comJefferies Maintains Safe Bulkers (SB) Hold RecommendationSee More Headlines Receive SB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Safe Bulkers and its competitors with MarketBeat's FREE daily newsletter. Email Address SB Company Calendar Last Earnings7/27/2023Ex-Dividend for 9/1 Dividend8/17/2023Dividend Payable9/01/2023Today9/23/2023Next Earnings (Estimated)11/08/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Deep sea foreign transportation of freight Sub-IndustryN/A SectorTransportation Current SymbolNYSE:SB CUSIPN/A CIK1434754 Webwww.safebulkers.com Phone377302111888400Fax211-187-8500Employees9Year FoundedN/APrice Target and Rating Average Stock Price Forecast$2.93 High Stock Price Forecast$3.00 Low Stock Price Forecast$2.85 Forecasted Upside/Downside-10.3%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$0.96 Trailing P/E Ratio3.40 Forward P/E Ratio6.52 P/E GrowthN/ANet Income$172.55 million Net Margins37.93% Pretax Margin37.93% Return on Equity15.10% Return on Assets9.24% Debt Debt-to-Equity Ratio0.52 Current Ratio1.59 Quick Ratio1.59 Sales & Book Value Annual Sales$349.72 million Price / Sales1.04 Cash Flow$1.87 per share Price / Cash Flow1.74 Book Value$6.35 per share Price / Book0.51Miscellaneous Outstanding Shares111,580,000Free Float66,672,000Market Cap$363.75 million OptionableOptionable Beta0.89 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Polys Hajioannou (Age 56)Chairman & CEO Dr. Loukas Barmparis (Age 60)Pres, Sec. & Director Mr. Konstantinos Adamopoulos (Age 60)CFO, Treasurer & Director Mr. Ioannis Foteinos (Age 64)COO & Director Key CompetitorsDiana ShippingNYSE:DSXSEACOR MarineNYSE:SMHIOverseas Shipholding GroupNYSE:OSGEagle Bulk ShippingNASDAQ:EGLECapital Product PartnersNASDAQ:CPLPView All CompetitorsInstitutional OwnershipWolverine Trading LLCSold 31,000 shares on 8/23/2023Ownership: 0.000%Nuveen Asset Management LLCSold 745,510 shares on 8/16/2023Ownership: 0.157%GTS Securities LLCBought 13,677 shares on 8/16/2023Ownership: 0.012%Zacks Investment ManagementSold 10,090 shares on 8/15/2023Ownership: 0.013%Alliancebernstein L.P.Bought 13,400 shares on 8/15/2023Ownership: 0.012%View All Institutional Transactions SB Stock - Frequently Asked Questions Should I buy or sell Safe Bulkers stock right now? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Safe Bulkers in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SB, but not buy additional shares or sell existing shares. View SB analyst ratings or view top-rated stocks. What is Safe Bulkers' stock price forecast for 2023? 1 equities research analysts have issued 1-year target prices for Safe Bulkers' stock. Their SB share price forecasts range from $2.85 to $3.00. On average, they expect the company's share price to reach $2.93 in the next year. This suggests that the stock has a possible downside of 10.3%. View analysts price targets for SB or view top-rated stocks among Wall Street analysts. How have SB shares performed in 2023? Safe Bulkers' stock was trading at $2.91 at the start of the year. Since then, SB stock has increased by 12.0% and is now trading at $3.26. View the best growth stocks for 2023 here. When is Safe Bulkers' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023. View our SB earnings forecast. How were Safe Bulkers' earnings last quarter? Safe Bulkers, Inc. (NYSE:SB) announced its quarterly earnings results on Thursday, July, 27th. The shipping company reported $0.12 earnings per share for the quarter. The shipping company earned $70.62 million during the quarter, compared to the consensus estimate of $58.50 million. Safe Bulkers had a net margin of 37.93% and a trailing twelve-month return on equity of 15.10%. During the same quarter in the previous year, the firm earned $0.40 earnings per share. How often does Safe Bulkers pay dividends? What is the dividend yield for Safe Bulkers? Safe Bulkers announced a quarterly dividend on Wednesday, July 26th. Shareholders of record on Friday, August 18th will be given a dividend of $0.05 per share on Friday, September 1st. This represents a $0.20 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date is Thursday, August 17th. Read our dividend analysis for SB. What ETF holds Safe Bulkers' stock ? SonicShares Global Shipping ETF holds 21,948 shares of SB stock, representing 0.38% of its portfolio. Is Safe Bulkers a good dividend stock? Safe Bulkers (NYSE:SB) pays an annual dividend of $0.20 per share and currently has a dividend yield of 6.37%. SB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SB will have a dividend payout ratio of 22.99% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SB. What other stocks do shareholders of Safe Bulkers own? Based on aggregate information from My MarketBeat watchlists, some companies that other Safe Bulkers investors own include Diana Shipping (DSX), Capital Product Partners (CPLP), AbbVie (ABBV), Advanced Micro Devices (AMD), Micron Technology (MU), Triton International (TRTN), Costamare (CMRE), Freeport-McMoRan (FCX), GasLog (GLOG) and Star Bulk Carriers (SBLK). What is Safe Bulkers' stock symbol? Safe Bulkers trades on the New York Stock Exchange (NYSE) under the ticker symbol "SB." Who are Safe Bulkers' major shareholders? Safe Bulkers' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.32%), Renaissance Technologies LLC (3.09%), State Street Corp (1.19%), Acadian Asset Management LLC (0.98%), Goldman Sachs Group Inc. (0.91%) and JPMorgan Chase & Co. (0.66%). View institutional ownership trends. How do I buy shares of Safe Bulkers? Shares of SB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Safe Bulkers' stock price today? One share of SB stock can currently be purchased for approximately $3.26. How much money does Safe Bulkers make? Safe Bulkers (NYSE:SB) has a market capitalization of $363.75 million and generates $349.72 million in revenue each year. The shipping company earns $172.55 million in net income (profit) each year or $0.96 on an earnings per share basis. How can I contact Safe Bulkers? Safe Bulkers' mailing address is APT. D11 LES ACANTHES 6 AVENUE DES CITRONNIERS, MONACO O9, MC98000. The official website for the company is www.safebulkers.com. The shipping company can be reached via phone at 377302111888400, via email at safebulkers@capitallink.com, or via fax at 211-187-8500. This page (NYSE:SB) was last updated on 9/23/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Safe Bulkers, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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