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
SymbolNYSE:SB
CUSIPN/A
Phone30 2111888400
Debt
Debt-to-Equity Ratio1.08
Current Ratio0.93
Quick Ratio0.93
Price-To-Earnings
Trailing P/E Ratio-19.50
Forward P/E Ratio15.55
P/E GrowthN/A
Sales & Book Value
Annual Sales$148.03 million
Price / Sales2.13
Cash Flow$0.5554 per share
Price / Cash5.60
Book Value$4.49 per share
Price / Book0.69
Profitability
EPS (Most Recent Fiscal Year)($0.16)
Net Income$-84,670,000.00
Net Margins11.47%
Return on Equity21.84%
Return on Assets9.83%
Miscellaneous
Employees797
Outstanding Shares101,550,000
Market Cap$292.48 million
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) released its quarterly earnings results on Wednesday, July, 25th. The shipping company reported $0.02 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.05 by $0.03. The shipping company had revenue of $47 million for the quarter, compared to analysts' expectations of $46.45 million. Safe Bulkers had a net margin of 11.47% and a return on equity of 21.84%. Safe Bulkers's revenue for the quarter was up 34.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) EPS. View Safe Bulkers' Earnings History.
When is Safe Bulkers' next earnings date?
What price target have analysts set for SB?
6 brokerages have issued twelve-month target prices for Safe Bulkers' shares. Their forecasts range from $2.50 to $6.00. On average, they expect Safe Bulkers' stock price to reach $3.8333 in the next year. This suggests a possible upside of 23.3% 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 1 sell rating, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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. " (8/1/2018)
- 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)
Who are some of Safe Bulkers' key competitors?
Some companies that are related to Safe Bulkers include SEASPAN Corp/SH SH (SSW), Pac BASIN SHIPP/ADR (PCFBY), Seacor (CKH), Frontline (FRO), Star Bulk Carriers (SBLK), COSTAMARE Inc/SH (CMRE), Navigator (NVGS), Teekay (TK), Scorpio Tankers (STNG), DHT (DHT), Gener8 Maritime (GNRT), Genco Shipping & Trading (GNK), Scorpio Bulkers (SALT), DryShips (DRYS) and Diana Shipping (DSX).
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)
Has Safe Bulkers been receiving favorable news coverage?
News articles about SB stock have been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Safe Bulkers earned a news impact score of 0.16 on Accern's scale. They also assigned media stories about the shipping company an impact score of 45.51 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View Recent Headlines for Safe Bulkers.
Who are Safe Bulkers' major shareholders?
Safe Bulkers' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (3.10%), BlackRock Inc. (2.54%), Evermore Global Advisors LLC (1.97%), Boston Partners (1.02%), Millennium Management LLC (0.98%) and Cortina Asset Management LLC (0.46%). 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 Renaissance Technologies LLC, Millennium Management LLC, BlackRock Inc., Macquarie Group Ltd., Russell Investments Group Ltd., Engineers Gate Manager LP, Connor Clark & Lunn Investment Management Ltd. and Dynamic Technology Lab Private Ltd. 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 $3.11.
How big of a company is Safe Bulkers?
Safe Bulkers has a market capitalization of $292.48 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.
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.
