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S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
pixel
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
pixel
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
pixel
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
pixel
NYSE:SB

Safe Bulkers - SB Stock Forecast, Price & News

$3.69
+0.05 (+1.37%)
(As of 08/5/2022 08:49 PM ET)
Add
Compare
Today's Range
$3.64
$3.74
50-Day Range
$3.21
$5.07
52-Week Range
$3.02
$5.44
Volume
580,400 shs
Average Volume
1.33 million shs
Market Capitalization
$448.86 million
P/E Ratio
2.26
Dividend Yield
5.42%
Price Target
$5.75

Safe Bulkers MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
55.8% Upside
$5.75 Price Target
Short Interest
Bearish
5.34% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.95
Upright™ Environmental Score
News Sentiment
1.46mentions of Safe Bulkers in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-14.71%
From $1.36 to $1.16 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.42 out of 5 stars

Transportation Sector

47th out of 153 stocks

Deep Sea Foreign Transportation Of Freight Industry

15th out of 41 stocks

SB stock logo

About Safe Bulkers (NYSE:SB) Stock

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 March 18, 2022, the company had a fleet of 40 drybulk vessels having an average age of 10.4 years; and an aggregate carrying capacity of 3,925,500 deadweight tons. Its fleet consisted of 12 Panamax class vessels, 7 Kamsarmax class vessels, 15 post- Panamax class vessels, and 6 Capesize class vessels. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.

Safe Bulkers Stock Performance

SB Stock traded up $0.05 during midday trading on Friday, reaching $3.69. 580,449 shares of the company's stock traded hands, compared to its average volume of 807,810. The stock's 50-day moving average is $3.93 and its 200 day moving average is $4.12. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.57. The stock has a market cap of $448.85 million, a P/E ratio of 2.26 and a beta of 0.76. Safe Bulkers has a 52-week low of $3.02 and a 52-week high of $5.44.

Safe Bulkers (NYSE:SB - Get Rating) last posted its quarterly earnings results on Wednesday, May 25th. The shipping company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $73.41 million during the quarter, compared to analysts' expectations of $73.59 million. Safe Bulkers had a return on equity of 27.13% and a net margin of 58.51%. During the same period in the prior year, the business earned $0.14 EPS. As a group, analysts anticipate that Safe Bulkers will post 1.36 EPS for the current year.

Safe Bulkers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 22nd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend is Friday, August 19th. Safe Bulkers's dividend payout ratio is presently 12.27%.

Analyst Ratings Changes

Separately, Jefferies Financial Group began coverage on Safe Bulkers in a research note on Wednesday, July 20th. They set a "buy" rating and a $5.00 price objective on the stock.

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SB Stock News Headlines

3 Shipping Stocks That Could Head Even Higher
Safe Bulkers announces stock buyback program
Safe Bulkers, Inc
Safe Bulkers: Best Value In Dry Bulk
Safe Bulkers Misses Q1 EPS by 4c
See More Headlines
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SB Company Calendar

Last Earnings
5/25/2022
Ex-Dividend for 6/15 Dividend
6/07/2022
Dividend Payable
6/15/2022
Today
8/08/2022
Ex-Dividend for 9/1 Dividend
8/19/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Employees
9
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$5.75
High Stock Price Forecast
$6.50
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+55.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$174.35 million
Pretax Margin
52.99%

Debt

Sales & Book Value

Annual Sales
$329.03 million
Cash Flow
$1.72 per share
Book Value
$5.82 per share

Miscellaneous

Free Float
N/A
Market Cap
$448.86 million
Optionable
Optionable
Beta
0.76














SB Stock - Frequently Asked Questions

Should I buy or sell Safe Bulkers stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Safe Bulkers in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Safe Bulkers stock.
View analyst ratings for Safe Bulkers
or view top-rated stocks.

What is Safe Bulkers' stock price forecast for 2022?

2 Wall Street analysts have issued 12-month price objectives for Safe Bulkers' shares. Their SB stock forecasts range from $5.00 to $6.50. On average, they predict Safe Bulkers' stock price to reach $5.75 in the next twelve months. This suggests a possible upside of 55.8% from the stock's current price.
View analysts' price targets for Safe Bulkers
or view top-rated stocks among Wall Street analysts.

How has Safe Bulkers' stock price performed in 2022?

Safe Bulkers' stock was trading at $3.77 at the beginning of the year. Since then, SB stock has decreased by 2.1% and is now trading at $3.69.
View the best growth stocks for 2022 here
.

Are investors shorting Safe Bulkers?

Safe Bulkers saw a increase in short interest in June. As of June 30th, there was short interest totaling 3,420,000 shares, an increase of 111.1% from the June 15th total of 1,620,000 shares. Based on an average daily volume of 1,360,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 4.7% of the company's stock are sold short.
View Safe Bulkers' Short Interest
.

When is Safe Bulkers' next earnings date?

Safe Bulkers is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our earnings forecast for Safe Bulkers
.

How were Safe Bulkers' earnings last quarter?

Safe Bulkers, Inc. (NYSE:SB) announced its earnings results on Wednesday, May, 25th. The shipping company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by $0.01. The shipping company earned $73.41 million during the quarter, compared to analysts' expectations of $73.59 million. Safe Bulkers had a trailing twelve-month return on equity of 27.13% and a net margin of 58.51%. During the same quarter in the prior year, the firm posted $0.14 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 27th. Stockholders of record on Monday, August 22nd will be paid a dividend of $0.05 per share on Thursday, September 1st. This represents a $0.20 annualized dividend and a yield of 5.42%. The ex-dividend date is Friday, August 19th.
View Safe Bulkers' dividend history
.

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 5.42%. SB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Safe Bulkers is 12.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Safe Bulkers will have a dividend payout ratio of 17.24% next year. This indicates that Safe Bulkers will be able to sustain or increase its dividend.
View Safe Bulkers' dividend history.

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 many different institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.52%), Connor Clark & Lunn Investment Management Ltd. (0.37%), Exchange Traded Concepts LLC (0.09%), Yorktown Management & Research Co Inc (0.08%), Simplex Trading LLC (0.00%) and Belvedere Trading LLC (0.05%).
View institutional ownership trends for Safe Bulkers
.

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 $3.69.

How much money does Safe Bulkers make?

Safe Bulkers (NYSE:SB) has a market capitalization of $448.86 million and generates $329.03 million in revenue each year. The shipping company earns $174.35 million in net income (profit) each year or $1.63 on an earnings per share basis.

How many employees does Safe Bulkers have?

Safe Bulkers employs 9 workers across the globe.

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 Safe Bulkers is www.safebulkers.com. The shipping company can be reached via phone at 302108957070, via email at safebulkers@capitallink.com, or via fax at 211-187-8500.

This page (NYSE:SB) was last updated on 8/8/2022 by MarketBeat.com Staff

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