Safe Bulkers Company Profile (NYSE:SB)

About Safe Bulkers

Safe Bulkers logoSafe Bulkers, Inc. (Safe Bulkers) is a holding company. The Company's primary business is the acquisition, ownership and operation of drybulk vessels. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, primarily coal, grain and iron ore, along across the world shipping routes. The Company's fleet consists of 37 drybulk vessels, of which 14 are Panamax class vessels, eight are Kamsarmax class vessels, 12 are Post-Panamax class vessels and three are Capesize class vessels, with an aggregate carrying capacity of approximately 3.3 million deadweight tons and an average age of approximately 6.1 years. The Company deploys its vessels on a mix of period time and spot time charters. It has approximately 45 subsidiaries, which are incorporated in Liberia and in the Republic of the Marshall Islands.

Industry, Sector and Symbol:
  • Sector: Transportation
  • Industry: Shipping
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: SB
  • CUSIP:
Key Metrics:
  • Previous Close: $1.35
  • 50 Day Moving Average: $1.41
  • 200 Day Moving Average: $1.38
  • 52-Week Range: $0.52 - $2.38
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -3.91
  • P/E Growth: -0.15
  • Market Cap: $114.36M
  • Outstanding Shares: 83,477,000
  • Beta: 2.21
Profitability:
  • 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%
Additional Links:
Companies Related to Safe Bulkers:

Analyst Ratings

Consensus Ratings for Safe Bulkers (NYSE:SB) (?)
Ratings Breakdown: 1 Sell Rating, 6 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $1.18 (14.23% downside)

Analysts' Ratings History for Safe Bulkers (NYSE:SB)
Show:
DateFirmActionRatingPrice TargetDetails
2/24/2017Evercore ISIUpgradeSell -> HoldView Rating Details
1/27/2017DNB MarketsUpgradeHold -> BuyView Rating Details
1/20/2017Stifel NicolausInitiated CoverageHold$1.50View Rating Details
10/31/2016Clarkson CapitalReiterated RatingNeutralView Rating Details
9/12/2016Jefferies Group LLCReiterated RatingHoldView Rating Details
8/2/2016Seaport Global SecuritiesInitiated CoverageNeutral$1.00View Rating Details
8/1/2016Morgan StanleySet Price TargetHold$1.10 -> $1.20View Rating Details
7/29/2016Credit Suisse GroupDowngradeNeutral -> Underperform$1.00View Rating Details
6/10/2015Citigroup Inc.DowngradeNeutral -> Sell$4.00 -> $2.00View Rating Details
5/7/2015Bank of America CorpDowngradeNeutral -> UnderperformView Rating Details
3/2/2015MLV & Co.Set Price TargetBuy$5.00View Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for Safe Bulkers (NYSE:SB)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/23/2017        
2/23/2017Q416($0.10)($0.09)$31.20 million$32.94 millionViewN/AView Earnings Details
10/31/2016Q316($0.15)($0.15)$26.98 million$27.10 millionViewListenView Earnings Details
7/28/2016Q216($0.16)($0.15)$29.20 million$26.20 millionViewN/AView Earnings Details
6/2/2016Q116($0.17)($0.21)$25.63 million$24.70 millionViewN/AView Earnings Details
2/10/2016Q415($0.10)($0.13)$35.99 million$29.90 millionViewListenView Earnings Details
11/9/2015Q315($0.07)($0.12)$34.05 million$33.50 millionViewN/AView Earnings Details
7/30/2015Q215($0.09)($0.09)$31.38 million$31.80 millionViewListenView Earnings Details
6/8/2015Q115($0.02)($0.10)$37.54 million$32.10 millionViewN/AView Earnings Details
2/26/2015Q414$0.02$0.01$35.77 million$39.10 millionViewN/AView Earnings Details
11/5/2014Q314$0.02($0.03)$38.40 million$36.52 millionViewN/AView Earnings Details
7/29/2014Q214$0.09$0.02$38.31 million$37.20 millionViewN/AView Earnings Details
5/28/2014Q114$0.11$0.10$37.86 million$41.30 millionViewN/AView Earnings Details
2/26/2014Q413$0.18$0.38$42.10 million$59.20 millionViewN/AView Earnings Details
11/4/2013Q313$0.14$0.14$38.16 million$41.90 millionViewN/AView Earnings Details
8/21/2013Q2 2013$0.19$0.19$40.41 million$41.40 millionViewN/AView Earnings Details
5/15/2013Q1 2013$0.20$0.21$40.14 million$44.10 millionViewN/AView Earnings Details
2/20/2013Q4 2012$0.30$0.27$46.09 million$46.40 millionViewN/AView Earnings Details
11/14/2012Q312$0.29$0.30$44.95 million$46.80 millionViewN/AView Earnings Details
8/6/2012$0.30$0.31ViewN/AView Earnings Details
5/8/2012$0.29$0.32ViewN/AView Earnings Details
2/14/2012$0.36$0.33ViewN/AView Earnings Details
10/17/2011$0.34$0.37ViewN/AView Earnings Details
7/21/2011$0.35$0.27ViewN/AView Earnings Details
5/3/2011$0.38$0.41ViewN/AView Earnings Details
2/9/2011$0.39$0.47ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Safe Bulkers (NYSE:SB)
Current Year EPS Consensus Estimate: $-0.61 EPS
Next Year EPS Consensus Estimate: $-0.35 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161($0.15)($0.15)($0.15)
Q2 20161($0.16)($0.16)($0.16)
Q3 20162($0.16)($0.14)($0.15)
Q4 20162($0.11)($0.11)($0.11)
Q1 20172($0.13)($0.10)($0.12)
Q2 20172($0.13)($0.09)($0.11)
Q3 20172($0.13)($0.09)($0.11)
Q4 20172($0.13)($0.09)($0.11)
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Safe Bulkers (NYSE:SB)
Annual Dividend:$0.00
Dividend Yield:0.00%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:0.00% (Based on Trailing 12 Months of Earnings)
0.00% (Based on Current Year Consensus EPS Estimate)
0.00% (Based on Next Year Consensus EPS Estimate)
Track Record:3 Years of Consecutive Dividend Growth

Dividend History for Safe Bulkers (NYSE:SB)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/31/2015quarterly$0.011.16%8/14/20158/18/20158/28/2015
6/9/2015quarterly$0.011.24%6/17/20156/19/20156/26/2015
2/27/2015quarterly$0.022.11%3/6/20153/10/20153/17/2015
11/5/2014quarterly$0.043.33%11/19/201411/21/201412/5/2014
7/29/2014quarterly$0.063.25%8/15/20148/19/20148/29/2014
5/29/2014quarterly$0.062.98%6/6/20146/10/20146/17/2014
2/26/2014quarterly$0.062.31%3/6/20143/10/20143/17/2014
11/5/2013quarterly$0.062.84%11/20/201311/22/201312/6/2013
8/21/2013quarterly$0.053.21%8/29/20139/3/20139/13/2013
5/15/2013quarterly$0.053.82%5/22/20135/27/20136/7/2013
2/20/2013quarterly$0.055.36%2/28/20133/4/20133/8/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Safe Bulkers (NYSE:SB)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Latest Headlines for Safe Bulkers (NYSE:SB)
DateHeadline
News IconStock Buzz on Safe Bulkers, Inc (NYSE:SB): Can They Meet the Earnings Target of $-0.08 - Winfield Review (NYSE:SB)
winfieldreview.com - February 24 at 5:37 AM
finance.yahoo.com logoSafe Bulkers reports 4Q loss - Yahoo Finance - Yahoo Finance (NYSE:SB)
finance.yahoo.com - February 24 at 5:37 AM
finance.yahoo.com logoSafe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2016 ... - Yahoo Finance (NYSE:SB)
finance.yahoo.com - February 24 at 5:37 AM
us.rd.yahoo.com logoSafe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2016 Results (NYSE:SB)
us.rd.yahoo.com - February 23 at 7:52 PM
sg.finance.yahoo.com logoSafe Bulkers reports 4Q loss (NYSE:SB)
sg.finance.yahoo.com - February 23 at 7:52 PM
biz.yahoo.com logoQ4 2016 Safe Bulkers Inc Earnings Release - After Market Close (NYSE:SB)
biz.yahoo.com - February 23 at 8:09 AM
News IconStock Moving Up in Today's Session: Safe Bulkers, Inc.(NYSE:SB) - Aiken Advocate (NYSE:SB)
aikenadvocate.com - February 21 at 5:12 PM
News IconStock Perspective: Safe Bulkers, Inc (NYSE:SB) Company Earnings Watch - Aiken Advocate (NYSE:SB)
aikenadvocate.com - February 21 at 5:12 PM
finance.yahoo.com logoSafe Bulkers, Inc. Sets Date for Fourth Quarter 2016 Results, Conference Call and Webcast (NYSE:SB)
finance.yahoo.com - February 16 at 7:24 PM
us.rd.yahoo.com logoSafe Bulkers upgraded by DNB Markets (NYSE:SB)
us.rd.yahoo.com - January 28 at 6:20 AM
News IconChart Level Analysis on Shares of Safe Bulkers Inc. (SB) - Sherwood Daily (NYSE:SB)
sherwooddaily.com - January 25 at 4:21 AM
News IconSell-side is Weighing in on Safe Bulkers, Inc (NYSE:SB) Earnings - Aiken Advocate (NYSE:SB)
aikenadvocate.com - January 25 at 4:21 AM
News IconShares Making an Appearance on Today's Most Volatile List: Safe Bulkers, Inc. (NYSE:SB) - Wall Street Beacon (NYSE:SB)
wsbeacon.com - January 25 at 4:21 AM
News IconInvestor's Alert: Safe Bulkers, Inc. (NYSE:SB), CommScope Holding Company, Inc. (NASDAQ:COMM) - The Newburgh Press (NYSE:SB)
newburghpress.com - January 25 at 4:21 AM
News IconEarnings in Full Force, Analysts Take Aim at Safe Bulkers, Inc (NYSE:SB) - Wall Street Beacon (NYSE:SB)
wsbeacon.com - January 25 at 4:21 AM
News IconSafe Bulkers, Inc (SB) 52 Week High stands at 2.38 - The Newburgh Press (NYSE:SB)
newburghpress.com - January 25 at 4:21 AM
News IconMonitoring Relative Strength Index Values for Safe Bulkers Inc. (SB) - Sherwood Daily (NYSE:SB)
sherwooddaily.com - January 21 at 4:34 AM
finance.yahoo.com logoCoverage initiated on Safe Bulkers by Stifel (NYSE:SB)
finance.yahoo.com - January 20 at 11:34 PM
News IconIs This a Sensible Stock at Current Levels: Safe Bulkers, Inc. (NYSE:SB) - Prospect Journal (NYSE:SB)
prospectjournal.com - January 20 at 6:40 AM
News IconAmplified Volatility Spotted in Shares of Safe Bulkers, Inc. (NYSE:SB) - Wall Street Beacon (NYSE:SB)
wsbeacon.com - January 20 at 6:40 AM
News IconGearing Up For a Bull Run? Analysts Weigh in on Safe Bulkers, Inc (NYSE:SB) - Wall Street Beacon (NYSE:SB)
wsbeacon.com - January 14 at 7:44 PM
News IconMarkets End Mostly Higher, How Did This Stock Fare: Safe Bulkers, Inc. (NYSE:SB) - Wall Street Beacon (NYSE:SB)
wsbeacon.com - January 14 at 7:44 PM
finance.yahoo.com logoSafe 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 (NYSE:SB)
finance.yahoo.com - January 12 at 9:24 PM
News IconAre Cagey Traders Interested in These Shares: Safe Bulkers, Inc. (NYSE:SB) - Prospect Journal (NYSE:SB)
prospectjournal.com - December 30 at 8:28 AM
News IconCan This Stock Pick Up Any Momentum: Safe Bulkers, Inc. (NYSE:SB) - Prospect Journal (NYSE:SB)
prospectjournal.com - December 28 at 7:33 PM
News IconAre the Technicals Adding up for Safe Bulkers, Inc. (NYSE:SB) - Prospect Journal (NYSE:SB)
prospectjournal.com - December 24 at 8:09 AM
News IconNotable Stock For Under $5: Safe Bulkers, Inc. (NYSE:SB) - Prospect Journal (NYSE:SB)
prospectjournal.com - December 20 at 7:30 PM
News IconStock Vacillating Higher Pre-Bell: Safe Bulkers, Inc. (NYSE:SB) - Prospect Journal (NYSE:SB)
prospectjournal.com - December 20 at 2:29 PM
News IconStocks Turn Active on Retreated Views: Cisco Systems (NASDAQ:CSCO), Safe Bulkers (NYSE:SB) - Street Wise Report (press release) (blog) (NYSE:SB)
streetwisereport.com - December 12 at 9:21 AM
einnews.com logoSafe Bulkers, Inc. Announces the Closing of its Public Offering of ... - EIN News (press release) (NYSE:SB)
www.einnews.com - December 10 at 8:25 AM
finance.yahoo.com logoSafe Bulkers, Inc. Announces the Closing of its Public Offering of Common Stock (NYSE:SB)
finance.yahoo.com - December 9 at 7:37 PM
reuters.com logoBRIEF-Safe Bulkers announces pricing of its public offering of common stock (NYSE:SB)
www.reuters.com - December 8 at 8:37 AM
News IconSafe Bulkers Announces Pricing of its Public Offering of Common Stock (NYSE:SB)
www.shippingherald.com - December 8 at 8:37 AM
streetinsider.com logoSafe Bulkers (SB) Prices 13.6M Share Common Stock Offering for Proceeds of ~$15M (NYSE:SB)
www.streetinsider.com - December 7 at 8:43 AM
us.rd.yahoo.com logoSafe Bulkers, Inc. Announces Pricing of its Public Offering of Common Stock (NYSE:SB)
us.rd.yahoo.com - December 6 at 7:20 PM
seekingalpha.com logoSafe Bulkers -13% on news of stock offering - Safe Bulkers Inc ... - Seeking Alpha (NYSE:SB)
seekingalpha.com - December 6 at 8:45 AM
marketwired.com logoSafe Bulkers, Inc. Announces Public Offering of Common Stock - Marketwired (press release) (NYSE:SB)
www.marketwired.com - December 6 at 8:45 AM
streetinsider.com logoAfter-Hours Stock Movers 12/05: (TXMD) (COUP) (BOBE) Higher; (SB) (LXRX) (STWD) Lower (more...) (NYSE:SB)
www.streetinsider.com - December 5 at 7:32 PM
us.rd.yahoo.com logoSafe Bulkers, Inc. Announces Public Offering of Common Stock (NYSE:SB)
us.rd.yahoo.com - December 5 at 7:32 PM
us.rd.yahoo.com logo4:40 pm Safe Bulkers provides details for its plan to offer Common Stock (NYSE:SB)
us.rd.yahoo.com - December 5 at 7:32 PM
seekingalpha.com logoSafe Bulkers Revisited: An Update - Seeking Alpha (NYSE:SB)
seekingalpha.com - December 3 at 6:43 PM
News IconChart Trading: Viewing CCI and ADX Levels for Safe Bulkers Inc. (SB) - MicroCap Wired (NYSE:SB)
www.microcapwired.com - November 25 at 7:10 PM
News IconStock Sliding Pre-Bell: Safe Bulkers, Inc. (NYSE:SB) - CSZ News (NYSE:SB)
cincysportszone.com - November 25 at 7:10 PM
News IconHeadlining Penny Stock: In Focus Safe Bulkers, Inc. (NYSE:SB) - Duncan Research (NYSE:SB)
www.duncanindependent.com - November 25 at 7:10 PM
News IconChart Indicator Check on Shares of Safe Bulkers Inc. (SB) - MicroCap Wired (NYSE:SB)
www.microcapwired.com - November 24 at 7:19 PM
News IconWhat are Analysts Expecting for Safe Bulkers, Inc (NYSE:SB ... - CSZ News (NYSE:SB)
cincysportszone.com - November 24 at 10:41 AM
News IconPenny Stock Spotlight: Focusing on Safe Bulkers, Inc. (NYSE:SB) - Duncan Research (NYSE:SB)
www.duncanindependent.com - November 24 at 10:41 AM
News IconPrimed for a Major Move? Technical Update on Safe Bulkers Inc. (SB) - MicroCap Wired (NYSE:SB)
www.microcapwired.com - November 24 at 10:41 AM
News IconPenny Stock Making Waves: Investors Keen on Safe Bulkers, Inc. (NYSE:SB) - Duncan Research (NYSE:SB)
www.duncanindependent.com - November 22 at 11:56 AM
News IconWonder Stock Alert: Investors Curious About Safe Bulkers, Inc. (NYSE:SB) - Duncan Research (NYSE:SB)
www.duncanindependent.com - November 22 at 11:56 AM

Social

What is Safe Bulkers' stock symbol?

Safe Bulkers trades on the New York Stock Exchange (NYSE) under the ticker symbol "SB."

Where is Safe Bulkers' stock going? Where will Safe Bulkers' stock price be in 2017?

8 brokers have issued 12 month target prices for Safe Bulkers' shares. Their predictions range from $1.00 to $1.50. On average, they anticipate Safe Bulkers' share price to reach $1.18 in the next year.

When will Safe Bulkers announce their earnings?

Safe Bulkers is scheduled to release their next quarterly earnings announcement on Thursday, February, 23rd 2017.

What are analysts saying about Safe Bulkers stock?

Here are some recent quotes from research analysts about Safe Bulkers stock:

  • 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. " (1/26/2017)

  • 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 owns Safe Bulkers stock?

Safe Bulkers' stock is owned by many different of retail and institutional investors. Top institutional investors include Vorini Holdings Inc (48.74%), Evermore Global Advisors LLC (5.85%), Warlander Asset Management LP (2.52%), GSA Capital Partners LLP (2.32%), Russell Investments Group Ltd. (1.47%) and Renaissance Technologies LLC (0.35%).

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 Evermore Global Advisors LLC, Warlander Asset Management LP, GSA Capital Partners LLP, Russell Investments Group Ltd. and Renaissance Technologies LLC.

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 $1.37.

Safe Bulkers (NYSE:SB) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Safe Bulkers (NYSE:SB)

Earnings History Chart

Earnings by Quarter for Safe Bulkers (NYSE:SB)

Dividend History Chart

Dividend Payments by Quarter for Safe Bulkers (NYSE:SB)

Last Updated on 2/24/2017 by MarketBeat.com Staff