Safe Bulkers, Inc. provides marine drybulk transportation services worldwide. It is involved in the acquisition, ownership, and operation of drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of February 9, 2018, the company had a fleet of 39 drybulk vessels with an aggregate carrying capacity of 3,513,800 deadweight tons. Its fleet consisted of 14 Panamax class vessels, 9 Kamsarmax class vessels, 13 Post-Panamax class vessels, and 3 Capesize class vessels. Safe Bulkers, Inc. was founded in 2007 and is based in Monaco.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
Current SymbolNYSE:SB
Previous Symbol
CUSIPN/A
Phone30 2111888400
Debt
Debt-to-Equity Ratio1.07
Current Ratio0.75
Quick Ratio0.75
Price-To-Earnings
Trailing P/E Ratio-12.25
Forward P/E Ratio10.32
P/E GrowthN/A
Sales & Book Value
Annual Sales$148.03 million
Price / Sales1.34
Cash Flow$0.5312 per share
Price / Cash Flow3.69
Book Value$4.49 per share
Price / Book0.44
Profitability
EPS (Most Recent Fiscal Year)($0.16)
Net Income$-84,670,000.00
Net Margins11.41%
Return on Equity25.12%
Return on Assets11.00%
Miscellaneous
Employees797
Outstanding Shares101,550,000
Market Cap$192.95 million
OptionableOptionable
Safe Bulkers (NYSE:SB) Frequently Asked Questions
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) issued its earnings results on Wednesday, November, 7th. The shipping company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.06 by $0.01. The shipping company earned $50.10 million during the quarter, compared to analysts' expectations of $48.08 million. Safe Bulkers had a net margin of 11.41% and a return on equity of 25.12%. View Safe Bulkers' Earnings History.
When is Safe Bulkers' next earnings date?
What price target have analysts set for SB?
6 equities research analysts have issued twelve-month target prices for Safe Bulkers' shares. Their predictions range from $3.00 to $6.00. On average, they anticipate Safe Bulkers' share price to reach $4.3333 in the next year. This suggests a possible upside of 121.1% from the stock's current price. View Analyst Price Targets for Safe Bulkers.
What is the consensus analysts' recommendation for Safe Bulkers?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Safe Bulkers in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Safe Bulkers.
What are Wall Street 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. " (10/27/2018)
- 2. Maxim Group analysts commented, "SB will report 2Q18 results after the close on July 25. We are expecting SB to remain in the black with net revenues of $43.5M, up 28% y/y, EBITDA of $24.9M, up 54% y/y and operating EPS of $0.04 vs. ($0.07) in 2Q17." (7/23/2018)
Has Safe Bulkers been receiving favorable news coverage?
Headlines about SB stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Safe Bulkers earned a news sentiment score of 1.5 on InfoTrie's scale. They also assigned media coverage about the shipping company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.
Who are some of Safe Bulkers' key competitors?
Some companies that are related to Safe Bulkers include Seacor (CKH), Navigator (NVGS), Star Bulk Carriers (SBLK), DHT (DHT), COSTAMARE INC/SH (CMRE), DryShips (DRYS), Scorpio Bulkers (SALT), Teekay (TK), Diana Shipping (DSX), Dorian LPG (LPG), Eagle Bulk Shipping (EGLE), Genco Shipping & Trading (GNK), Capital Product Partners (CPLP), SEACOR Marine (SMHI) and TSAKOS ENERGY N/SH (TNP).
Who are Safe Bulkers' key executives?
Safe Bulkers' management team includes the folowing people:
- Mr. Polys Hajioannou, Chairman & CEO (Age 51)
- Dr. Loukas Barmparis, Pres, Sec. & Director (Age 55)
- Konstantinos Adamopoulos, CFO & Director (Age 55)
- Mr. Ioannis Foteinos, COO & Director (Age 59)
Who are Safe Bulkers' major shareholders?
Safe Bulkers' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (3.30%), BlackRock Inc. (2.56%), Evermore Global Advisors LLC (1.10%), Marshall Wace LLP (0.68%), TIAA CREF Investment Management LLC (0.66%) and Morgan Stanley (0.52%). Company insiders that own Safe Bulkers stock include Robert Kim Tyler and Robert Morrison. View Institutional Ownership Trends for Safe Bulkers.
Which institutional investors are selling Safe Bulkers stock?
Which institutional investors are buying Safe Bulkers stock?
SB stock was bought by a variety of institutional investors in the last quarter, including Marshall Wace LLP, American Century Companies Inc., TIAA CREF Investment Management LLC, Renaissance Technologies LLC, Dupont Capital Management Corp, Connor Clark & Lunn Investment Management Ltd., ClariVest Asset Management LLC and GSA Capital Partners LLP. Company insiders that have bought Safe Bulkers stock in the last two years include Robert Kim Tyler and Robert Morrison. View Insider Buying and Selling for Safe Bulkers.
How do I buy shares of Safe Bulkers?
Shares of SB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Safe Bulkers' stock price today?
One share of SB stock can currently be purchased for approximately $1.96.
How big of a company is Safe Bulkers?
Safe Bulkers has a market capitalization of $192.95 million and generates $148.03 million in revenue each year. The shipping company earns $-84,670,000.00 in net income (profit) each year or ($0.16) on an earnings per share basis. Safe Bulkers employs 797 workers across the globe.
What is Safe Bulkers' official website?
How can I contact Safe Bulkers?
Safe Bulkers' mailing address is 6 Avenue des Citronniers Apt. D11, Monaco O9, 98000. The shipping company can be reached via phone at 30 2111888400 or via email at [email protected]
MarketBeat Community Rating for Safe Bulkers (NYSE SB)
MarketBeat's community ratings are surveys of what our community members think about Safe Bulkers and other stocks. Vote "Outperform" if you believe SB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SB will underperform the S&P 500 over the long term. You may vote once every thirty days.
