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S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
WARNING: Do You Invest with these Banks (Ad)
Even at $2,000+ Per Share, These 3 Stocks Are Deals
Will NIO Partake In China's Economic Awakening?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
BREAKING: Tiny biotech successfully treats blindness (Ad)
Tax Software Specialist Vertex In Buy Zone After Base Breakout
How to Choose a Brokerage Account or Online Broker
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
WARNING: Do You Invest with these Banks (Ad)
Even at $2,000+ Per Share, These 3 Stocks Are Deals
Will NIO Partake In China's Economic Awakening?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
BREAKING: Tiny biotech successfully treats blindness (Ad)
Tax Software Specialist Vertex In Buy Zone After Base Breakout
How to Choose a Brokerage Account or Online Broker
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
WARNING: Do You Invest with these Banks (Ad)
Even at $2,000+ Per Share, These 3 Stocks Are Deals
Will NIO Partake In China's Economic Awakening?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
BREAKING: Tiny biotech successfully treats blindness (Ad)
Tax Software Specialist Vertex In Buy Zone After Base Breakout
How to Choose a Brokerage Account or Online Broker

Safe Bulkers (SB) Stock Forecast, Price & News

$3.30
-0.07 (-2.07%)
(As of 06/9/2023 ET)
Compare
Today's Range
$3.30
$3.40
50-Day Range
$3.17
$3.84
52-Week Range
$2.35
$4.49
Volume
464,049 shs
Average Volume
769,326 shs
Market Capitalization
$402.02 million
P/E Ratio
2.67
Dividend Yield
6.05%
Price Target
$2.93

Safe Bulkers MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
11.5% Downside
$2.93 Price Target
Short Interest
Healthy
4.37% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.84
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
50.88%
From $0.57 to $0.86 Per Share

Overall MarketRank

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

2.28 out of 5 stars

Transportation Sector

73rd out of 121 stocks

Deep Sea Foreign Transportation Of Freight Industry

25th out of 30 stocks


SB stock logo

About Safe Bulkers (NYSE:SB) Stock

Safe Bulkers, Inc. provides international marine drybulk transportation services. The firm offers transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world's largest users of marine drybulk transportation services. The company was founded on December 11, 2007 and is headquartered in Les Acanthes, Monaco.

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SB Stock News Headlines

SB.PD Safe Bulkers, Inc. PERP PFD SER D
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Safe Bulkers' (NYSE:SB) Dividend Will Be $0.05
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Safe Bulkers (SB) Receives a Hold from Jefferies
Earnings Preview: Safe Bulkers
Safe Bulkers (SB) Set to Announce Earnings on Wednesday
Safe Bulkers (NYSE:SB) Rating Lowered to Hold at StockNews.com
Safe Bulkers Stock (NYSE:SB), Dividends
See More Headlines

SB Price History

SB Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 3/17 Dividend
2/28/2023
Dividend Payable
3/17/2023
Ex-Dividend for 6/7 Dividend
5/25/2023
Dividend Payable
6/07/2023
Today
6/10/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023

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
$2.93
High Stock Price Forecast
$3.00
Low Stock Price Forecast
$2.85
Forecasted Upside/Downside
-11.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$172.55 million
Pretax Margin
45.90%

Debt

Sales & Book Value

Annual Sales
$349.72 million
Cash Flow
$1.70 per share
Book Value
$6.35 per share

Miscellaneous

Free Float
72,680,000
Market Cap
$402.02 million
Optionable
Optionable
Beta
0.86

Key Executives

  • Polys Hajioannou
    Chairman & Chief Executive Officer
  • Loukas Barmparis
    President, Secretary & Director
  • Ioannis Foteinos
    Chief Operating Officer & Director
  • Konstantinos Adamopoulos
    Chief Financial Officer & Director













SB Stock - Frequently Asked Questions

Should I buy or sell Safe Bulkers stock right now?

1 Wall Street equities research 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 equities research 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 12-month price objectives for Safe Bulkers' shares. Their SB share price forecasts range from $2.85 to $3.00. On average, they predict the company's share price to reach $2.93 in the next twelve months. This suggests that the stock has a possible downside of 11.5%.
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 on January 1st, 2023. Since then, SB shares have increased by 13.6% and is now trading at $3.3050.
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, July 26th 2023.
View our SB earnings forecast
.

How were Safe Bulkers' earnings last quarter?

Safe Bulkers, Inc. (NYSE:SB) issued its quarterly earnings results on Tuesday, November, 2nd. The shipping company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The shipping company earned $91.02 million during the quarter, compared to the consensus estimate of $85.79 million. Safe Bulkers had a trailing twelve-month return on equity of 20.07% and a net margin of 45.90%.

How often does Safe Bulkers pay dividends? What is the dividend yield for Safe Bulkers?

Safe Bulkers announced a quarterly dividend on Wednesday, May 10th. Shareholders of record on Friday, May 26th will be paid a dividend of $0.05 per share on Wednesday, June 7th. This represents a $0.20 annualized dividend and a yield of 6.05%. The ex-dividend date is Thursday, May 25th.
Read our dividend analysis for SB
.

What ETFs hold Safe Bulkers' stock?

ETFs with the largest weight of Safe Bulkers (NYSE:SB) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP) and iShares US Small Cap Value Factor ETF (SVAL).SonicShares Global Shipping ETF (BOAT).

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 5.70%. 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 16.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SB will have a dividend payout ratio of 23.26% 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (3.13%), Renaissance Technologies LLC (2.58%), State Street Corp (1.06%), Acadian Asset Management LLC (1.03%), American Century Companies Inc. (0.67%) and Geode Capital Management LLC (0.57%).
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 $3.31.

How much money does Safe Bulkers make?

Safe Bulkers (NYSE:SB) has a market capitalization of $402.02 million and generates $349.72 million in revenue each year. The shipping company earns $172.55 million in net income (profit) each year or $1.24 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 6/10/2023 by MarketBeat.com Staff

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