Safe 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: $207.2 million
- Outstanding Shares: 99,138,000
Average Prices:- 50 Day Moving Avg: $2.22
- 200 Day Moving Avg: $1.68
- 52 Week Range: $0.97 - $2.60
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 23.22
- P/E Growth: -0.80
Sales & Book Value:- Annual Revenue: $109.77 million
- Price / Sales: 1.89
- 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: 734,434 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) posted its quarterly earnings data on Thursday, May, 18th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.02. The business had revenue of $33.30 million for the quarter, compared to the consensus estimate of $27.85 million. Safe Bulkers had a negative return on equity of 6.57% and a negative net margin of 75.21%. Safe Bulkers's revenue for the quarter was up 34.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.21) earnings per share. View Safe Bulkers' Earnings History.
When will Safe Bulkers make its next earnings announcement?
Where is Safe Bulkers' stock going? Where will Safe Bulkers' stock price be in 2017?
8 equities research analysts have issued 1-year price targets for Safe Bulkers' shares. Their predictions range from $1.00 to $3.00. On average, they expect 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?
Some companies that are related to Safe Bulkers include Capital Product Partners L.P. (CPLP), DHT Holdings (DHT), Gener8 Maritime (GNRT), Tsakos Energy Navigation (TNP), Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK), Teekay Tankers (TNK), Diana Shipping (DSX), Ardmore Shipping Corp (ASC), Navios Maritime Acquisition (NNA), Navios Maritime Midstream Partners LP (NAP), Navios Maritime Partners L.P. (NMM), Navios Maritime Holdings (NM), Danaos (DAC), StealthGas (GASS), Pangaea Logistics Solutions Ltd (PANL), Global Ship Lease (GSL), DryShips (DRYS) and Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NAO).
Who owns Safe Bulkers stock?
Safe Bulkers' stock is owned by a number of of retail and institutional investors. Top institutional investors 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 acquired 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 $2.09.
Earnings History for Safe Bulkers (NYSE:SB)Earnings History by Quarter for Safe Bulkers (NYSE:SB)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 5/31/2017 | | | | | | | | |
| 5/18/2017 | 3/31/2017 | ($0.09) | ($0.07) | $27.85 million | $33.30 million | View | N/A |  |
| 2/23/2017 | Q416 | ($0.10) | ($0.09) | $31.20 million | $32.94 million | View | N/A | |
| 10/31/2016 | Q316 | ($0.15) | ($0.15) | $26.98 million | $27.10 million | View | Listen | |
| 7/28/2016 | Q216 | ($0.16) | ($0.15) | $29.20 million | $26.20 million | View | N/A | |
| 6/2/2016 | Q116 | ($0.17) | ($0.21) | $25.63 million | $24.70 million | View | N/A | |
| 2/10/2016 | Q415 | ($0.10) | ($0.13) | $35.99 million | $29.90 million | View | Listen | |
| 11/9/2015 | Q315 | ($0.07) | ($0.12) | $34.05 million | $33.50 million | View | N/A | |
| 7/30/2015 | Q215 | ($0.09) | ($0.09) | $31.38 million | $31.80 million | View | Listen | |
| 6/8/2015 | Q115 | ($0.02) | ($0.10) | $37.54 million | $32.10 million | View | N/A | |
| 2/26/2015 | Q414 | $0.02 | $0.01 | $35.77 million | $39.10 million | View | N/A | |
| 11/5/2014 | Q314 | $0.02 | ($0.03) | $38.40 million | $36.52 million | View | N/A | |
| 7/29/2014 | Q214 | $0.09 | $0.02 | $38.31 million | $37.20 million | View | N/A | |
| 5/28/2014 | Q114 | $0.11 | $0.10 | $37.86 million | $41.30 million | View | N/A | |
| 2/26/2014 | Q413 | $0.18 | $0.38 | $42.10 million | $59.20 million | View | N/A | |
| 11/4/2013 | Q313 | $0.14 | $0.14 | $38.16 million | $41.90 million | View | N/A | |
| 8/21/2013 | Q2 2013 | $0.19 | $0.19 | $40.41 million | $41.40 million | View | N/A | |
| 5/15/2013 | Q1 2013 | $0.20 | $0.21 | $40.14 million | $44.10 million | View | N/A | |
| 2/20/2013 | Q4 2012 | $0.30 | $0.27 | $46.09 million | $46.40 million | View | N/A | |
| 11/14/2012 | Q312 | $0.29 | $0.30 | $44.95 million | $46.80 million | View | N/A | |
| 8/6/2012 | | $0.30 | $0.31 | | | View | N/A | |
| 5/8/2012 | | $0.29 | $0.32 | | | View | N/A | |
| 2/14/2012 | | $0.36 | $0.33 | | | View | N/A | |
| 10/17/2011 | | $0.34 | $0.37 | | | View | N/A | |
| 7/21/2011 | | $0.35 | $0.27 | | | View | N/A | |
| 5/3/2011 | | $0.38 | $0.41 | | | View | N/A | |
| 2/9/2011 | | $0.39 | $0.47 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Safe Bulkers (NYSE:SB)2017 EPS Consensus Estimate: ($0.34)
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | ($0.13) | ($0.09) | ($0.11) |
| Q2 2017 | 2 | ($0.11) | ($0.05) | ($0.08) |
| Q3 2017 | 2 | ($0.09) | ($0.07) | ($0.08) |
| Q4 2017 | 2 | ($0.08) | ($0.06) | ($0.07) |
(Data provided by Zacks Investment Research)
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 History by Quarter for Safe Bulkers (NYSE:SB)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/31/2015 | quarterly | $0.01 | 1.16% | 8/14/2015 | 8/18/2015 | 8/28/2015 |
| 6/9/2015 | quarterly | $0.01 | 1.24% | 6/17/2015 | 6/19/2015 | 6/26/2015 |
| 2/27/2015 | quarterly | $0.02 | 2.11% | 3/6/2015 | 3/10/2015 | 3/17/2015 |
| 11/5/2014 | quarterly | $0.04 | 3.33% | 11/19/2014 | 11/21/2014 | 12/5/2014 |
| 7/29/2014 | quarterly | $0.06 | 3.25% | 8/15/2014 | 8/19/2014 | 8/29/2014 |
| 5/29/2014 | quarterly | $0.06 | 2.98% | 6/6/2014 | 6/10/2014 | 6/17/2014 |
| 2/26/2014 | quarterly | $0.06 | 2.31% | 3/6/2014 | 3/10/2014 | 3/17/2014 |
| 11/5/2013 | quarterly | $0.06 | 2.84% | 11/20/2013 | 11/22/2013 | 12/6/2013 |
| 8/21/2013 | quarterly | $0.05 | 3.21% | 8/29/2013 | 9/3/2013 | 9/13/2013 |
| 5/15/2013 | quarterly | $0.05 | 3.82% | 5/22/2013 | 5/27/2013 | 6/7/2013 |
| 2/20/2013 | quarterly | $0.05 | 5.36% | 2/28/2013 | 3/4/2013 | 3/8/2013 |
(Data available from 1/1/2013 forward)
Insider Trading History for Safe Bulkers (NYSE:SB)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Safe Bulkers (NYSE:SB)
Latest Headlines for Safe Bulkers (NYSE:SB)
| Source: |
|
| Date | Headline |
|---|
 | Q2 2017 EPS Estimates for Safe Bulkers, Inc. (SB) Raised by Seaport Global Securities
www.americanbankingnews.com - May 24 at 7:30 AM |
 | Edited Transcript of SB earnings conference call or presentation 19-May-17 1:00pm GMT
finance.yahoo.com - May 19 at 11:13 PM |
| Safe Bulkers, Inc. Reports First Quarter 2017 Results
finance.yahoo.com - May 19 at 12:36 PM |
| Safe Bulkers reports 1Q loss
finance.yahoo.com - May 19 at 12:36 PM |
| Safe Bulkers, Inc. (SB) Issues Quarterly Earnings Results
www.americanbankingnews.com - May 19 at 8:08 AM |
| Safe Bulkers, Inc. (SB) Expected to Announce Earnings of -$0.09 Per Share
www.americanbankingnews.com - May 16 at 9:04 AM |
| Safe Bulkers, Inc. Sets Date for First Quarter 2017 Results, Conference Call and Webcast
finance.yahoo.com - May 11 at 8:08 PM |
| Safe Bulkers, Inc. (SB) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - May 5 at 4:59 PM |
| Favorable News Coverage Likely to Affect Safe Bulkers (SB) Share Price
www.americanbankingnews.com - April 29 at 10:47 PM |
| $28.5 Million in Sales Expected for Safe Bulkers, Inc. (SB) This Quarter
www.americanbankingnews.com - April 27 at 12:26 PM |
| Safe Bulkers, Inc. (SB) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - April 27 at 7:20 AM |
| Safe Bulkers (SB) Earns Media Impact Score of 0.22
www.americanbankingnews.com - April 26 at 8:12 PM |
| Safe 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 |
| Safe Bulkers, Inc. (SB) Expected to Post Earnings of -$0.09 Per Share
www.americanbankingnews.com - April 25 at 11:56 AM |
| Jefferies Group LLC Reiterates "Hold" Rating for Safe Bulkers, Inc. (SB)
www.americanbankingnews.com - April 24 at 8:24 PM |
| Safe Bulkers (SB) Receiving Favorable Media Coverage, Analysis Finds
www.americanbankingnews.com - April 23 at 4:21 PM |
 | Ex-Div Reminder for Safe Bulkers Series D Cumulative Redeemable Perpetual Preferred Shares
www.nasdaq.com - April 19 at 9:26 AM |
| Favorable Press Coverage Extremely Likely to Effect Safe Bulkers (SB) Share Price
www.americanbankingnews.com - April 16 at 11:03 AM |
| Safe Bulkers (SB) Earning Somewhat Positive Media Coverage, Study Shows
www.americanbankingnews.com - April 13 at 3:58 PM |
| Safe 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 |
| Safe Bulkers, Inc. (SB) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - April 10 at 4:34 PM |
 | Safe Bulkers Preferred Exchange Update - My Thoughts
seekingalpha.com - April 7 at 12:29 PM |
| Safe Bulkers, Inc. Announces the Final Results of its Exchange Offer for Series B Preferred Shares
finance.yahoo.com - April 7 at 12:29 PM |
 | Safe Bulkers, Inc. Waives Condition to its Exchange Offer for Series B Preferred Shares
us.rd.yahoo.com - March 31 at 12:58 AM |
| Safe Bulkers, Inc. Waives Condition to its Exchange Offer for Series B Preferred Shares - Yahoo Finance
finance.yahoo.com - March 30 at 7:56 PM |
| Safe Bulkers, Inc. (SB) Upgraded at Morgan Stanley
www.americanbankingnews.com - March 28 at 9:50 AM |
| Safe Bulkers, Inc. (SB) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - March 23 at 8:26 AM |
 | Safe Bulkers, Inc. :SB-US: Earnings Analysis: Q4, 2016 By the Numbers : March 17, 2017
us.rd.yahoo.com - March 17 at 7:47 PM |
| Safe Bulkers, Inc. Amends Exchange Offer for its Series B Preferred Shares
us.rd.yahoo.com - March 17 at 7:47 PM |
| SAFE BULKERS, INC. Financials
finance.yahoo.com - March 11 at 7:34 PM |
 | SAFE BULKERS INC
www.finanznachrichten.de - March 10 at 12:41 AM |
| Safe 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 |
| 5:38 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 |
| Safe Bulkers, Inc. Announces Filing of 2016 Annual Report on Form 20-F
finance.yahoo.com - March 8 at 7:55 PM |
| Edited Transcript of SB earnings conference call or presentation 24-Feb-17 1:00pm GMT
finance.yahoo.com - February 24 at 9:36 PM |
| Safe Bulkers reports 4Q loss - Yahoo Finance - Yahoo Finance
finance.yahoo.com - February 24 at 5:37 AM |
| Safe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2016 ... - Yahoo Finance
finance.yahoo.com - February 24 at 5:37 AM |
| Safe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2016 Results
us.rd.yahoo.com - February 23 at 7:52 PM |
| Q4 2016 Safe Bulkers Inc Earnings Release - After Market Close
biz.yahoo.com - February 23 at 8:09 AM |
| Safe Bulkers, Inc. Sets Date for Fourth Quarter 2016 Results, Conference Call and Webcast
finance.yahoo.com - February 16 at 7:24 PM |
| Safe Bulkers upgraded by DNB Markets
us.rd.yahoo.com - January 28 at 6:20 AM |
| Coverage initiated on Safe Bulkers by Stifel
finance.yahoo.com - January 20 at 11:34 PM |
| Safe 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 |
| Safe Bulkers, Inc. Announces the Closing of its Public Offering of Common Stock
finance.yahoo.com - December 9 at 7:37 PM |
 | BRIEF-Safe Bulkers announces pricing of its public offering of common stock
www.reuters.com - December 8 at 8:37 AM |
 | Safe Bulkers (SB) Prices 13.6M Share Common Stock Offering for Proceeds of ~$15M
www.streetinsider.com - December 7 at 8:43 AM |
| Safe Bulkers, Inc. Announces Pricing of its Public Offering of Common Stock
us.rd.yahoo.com - December 6 at 7:20 PM |
| Safe Bulkers -13% on news of stock offering - Safe Bulkers Inc ... - Seeking Alpha
seekingalpha.com - December 6 at 8:45 AM |
| After-Hours Stock Movers 12/05: (TXMD) (COUP) (BOBE) Higher; (SB) (LXRX) (STWD) Lower (more...)
www.streetinsider.com - December 5 at 7:32 PM |
| Safe Bulkers, Inc. Announces Public Offering of Common Stock
us.rd.yahoo.com - December 5 at 7:32 PM |
Safe Bulkers (SB) Chart for Friday, May, 26, 2017
