Safe Bulkers Company Profile (NYSE:SB)

About Safe Bulkers (NYSE:SB)

Safe Bulkers logoSafe 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: Deep Sea Freight
  • Sub-Industry: N/A
  • Symbol: NYSE:SB
  • CUSIP: N/A
  • Web:
  • Market Cap: $328.91 million
  • Outstanding Shares: 101,363,000
Average Prices:
  • 50 Day Moving Avg: $3.13
  • 200 Day Moving Avg: $2.59
  • 52 Week Range: $1.09 - $3.65
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 29.91
  • P/E Growth: -1.16
Sales & Book Value:
  • Annual Revenue: $127.17 million
  • Price / Sales: 2.62
  • Book Value: $5.35 per share
  • Price / Book: 0.61
  • EBITDA: $59.75 million
  • Net Margins: -26.74%
  • Return on Equity: -3.34%
  • Return on Assets: -1.61%
  • Debt-to-Equity Ratio: 1.01%
  • Current Ratio: 1.52%
  • Quick Ratio: 1.52%
  • Average Volume: 549,245 shs.
  • Beta: 2.34

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) announced its earnings results on Wednesday, July, 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.02. The business had revenue of $35.01 million for the quarter, compared to analysts' expectations of $36.81 million. Safe Bulkers had a negative return on equity of 3.34% and a negative net margin of 26.74%. The business's revenue was up 33.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.15) earnings per share. View Safe Bulkers' Earnings History.

When will Safe Bulkers make its next earnings announcement?

Safe Bulkers is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for Safe Bulkers.

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

7 analysts have issued 12-month price targets for Safe Bulkers' shares. Their forecasts range from $2.25 to $5.00. On average, they expect Safe Bulkers' stock price to reach $3.19 in the next year. 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. " (10/5/2017)
  • 2. Maxim Group analysts commented, "Safe Bulkers is one of the dry bulk industry’s leading operators, maintaining one of the lowest operational costs (about $3,800 per vessel/day) which we believe could lead to outsized earnings potential as the market strengthens further through 2019." (8/21/2017)
  • 3. 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?

Who are Safe Bulkers' key executives?

Safe Bulkers' management team includes the folowing people:

  • Polys Hajioannou, Chairman of the Board, Chief Executive Officer
  • Loukas Barmparis, President, Secretary, Director
  • Konstantinos Adamopoulos, Chief Financial Officer, Director
  • Ioannis Foteinos, Chief Operating Officer, Director
  • Christos Megalou, Director
  • Frank V. Sica, Independent Director
  • Ole Wikborg, Independent Director

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.

What is Safe Bulkers' stock price today?

One share of Safe Bulkers stock can currently be purchased for approximately $3.29.

MarketBeat Community Rating for Safe Bulkers (NYSE SB)
Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  153 (Vote Outperform)
Underperform Votes:  223 (Vote Underperform)
Total Votes:  376
MarketBeat's community ratings are surveys of what our community members think about Safe Bulkers and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Safe Bulkers (NYSE:SB) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.43)
Consensus Price Target: $3.19 (3.12% downside)
Consensus Price Target History for Safe Bulkers (NYSE:SB)
Price Target History for Safe Bulkers (NYSE:SB)
Analysts' Ratings History for Safe Bulkers (NYSE:SB)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/19/2017Maxim GroupSet Price TargetBuy$5.00N/AView Rating Details
7/19/2017Stifel NicolausReiterated RatingHold$2.25LowView Rating Details
7/4/2017Jefferies Group LLCReiterated RatingHold$2.50MediumView Rating Details
3/28/2017Morgan StanleyUpgradeEqual Weight -> Overweight$1.30 -> $3.00HighView Rating Details
2/24/2017Evercore ISIUpgradeSell -> HoldN/AView Rating Details
1/27/2017DNB MarketsUpgradeHold -> BuyN/AView Rating Details
10/31/2016Clarkson CapitalReiterated RatingNeutralN/AView Rating Details
8/2/2016Seaport Global SecuritiesInitiated CoverageNeutral$1.00N/AView Rating Details
7/29/2016Credit Suisse GroupDowngradeNeutral -> Underperform$1.00N/AView Rating Details
(Data available from 10/21/2015 forward)


Earnings History for Safe Bulkers (NYSE:SB)
Earnings by Quarter for Safe Bulkers (NYSE:SB)
Earnings History by Quarter for Safe Bulkers (NYSE SB)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/30/2017($0.05)N/AView Earnings Details
7/26/20176/30/2017($0.05)($0.07)$36.81 million$35.01 millionViewN/AView Earnings Details
5/18/20173/31/2017($0.09)($0.07)$27.85 million$33.30 millionViewN/AView Earnings Details
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)


Earnings Estimates for Safe Bulkers (NYSE:SB)
2017 EPS Consensus Estimate: ($0.32)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172($0.13)($0.09)($0.11)
Q2 20172($0.11)($0.05)($0.08)
Q3 20172($0.06)($0.05)($0.06)
Q4 20172($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 Payments by Quarter for Safe Bulkers (NYSE:SB)

Dividend History by Quarter for Safe Bulkers (NYSE SB)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(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


Headline Trends for Safe Bulkers (NYSE:SB)
Latest Headlines for Safe Bulkers (NYSE:SB)
DateHeadline logoETFs with exposure to Safe Bulkers, Inc. : October 18, 2017 - October 19 at 8:28 AM logoSafe Bulkers, Inc. breached its 50 day moving average in a Bullish Manner : SB-US : October 16, 2017 - October 17 at 7:01 AM logoZacks: Brokerages Anticipate Safe Bulkers, Inc (SB) Will Post Earnings of -$0.04 Per Share - October 13 at 2:24 AM logoSafe Bulkers, Inc. to Host Institutional Investor and Analyst Day in New York City on October 18, 2017 - October 11 at 7:28 AM logoSafe Bulkers, Inc (SB) Downgraded by Zacks Investment Research to "Sell" - October 8 at 9:24 AM logoContrasting Safe Bulkers (SB) and Its Peers - October 7 at 10:28 AM 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 Shares - October 6 at 9:42 AM logoSafe Bulkers, Inc. breached its 50 day moving average in a Bullish Manner : SB-US : October 4, 2017 - October 6 at 8:42 AM logoSafe Bulkers, Inc. – Value Analysis (NYSE:SB) : October 5, 2017 - October 6 at 8:42 AM logoSafe Bulkers, Inc (SB) Receives Average Rating of "Hold" from Brokerages - October 4 at 10:44 PM logoSafe Bulkers, Inc. Refinances US$74.9 million Loan Facilities Resulting to Debt Write off of US$8.3 million - October 3 at 12:01 PM logoHead-To-Head Survey: Safe Bulkers (SB) & Its Rivals - September 29 at 8:22 PM logoSafe Bulkers, Inc (SB) Expected to Announce Quarterly Sales of $34.37 Million - September 26 at 5:30 AM logoReviewing Safe Bulkers (SB) & Its Rivals - September 25 at 4:14 AM logoHead-To-Head Analysis: Safe Bulkers (SB) vs. The Competition - September 25 at 12:26 AM logo Analysts Anticipate Safe Bulkers, Inc (SB) to Announce -$0.04 EPS - September 24 at 8:42 AM logoHead-To-Head Analysis: Safe Bulkers (SB) & Its Competitors - September 19 at 12:48 AM logoHead-To-Head Survey: Seaspan Corporation (SSW) vs. Safe Bulkers (SB) - September 18 at 4:30 PM logoBulking On Safe Bulkers - Seeking Alpha - September 15 at 8:31 AM logoSafe Bulkers (SB) and Tsakos Energy Navigation (TNP) Critical Comparison - September 10 at 4:08 PM logoSafe Bulkers, Inc (SB) Receives Consensus Rating of "Hold" from Brokerages - September 9 at 8:38 PM logoSafe Bulkers, Inc. Announces Election of Class III Directors at 2017 Annual Meeting of Stockholders - September 9 at 8:11 AM logoSafe Bulkers (SB) and Danaos Corporation (DAC) Critical Review - September 7 at 10:02 AM logo-$0.04 EPS Expected for Safe Bulkers, Inc (SB) This Quarter - September 5 at 4:14 PM logoContrasting Safe Bulkers (SB) and Diana Shipping inc. (DSX) - August 22 at 8:30 AM logoSafe Bulkers, Inc (SB) Research Coverage Started at Maxim Group - August 21 at 4:46 PM logo$34.37 Million in Sales Expected for Safe Bulkers, Inc (SB) This Quarter - August 20 at 8:56 AM logoSafe Bulkers, Inc (SB) Given Average Recommendation of "Hold" by Analysts - August 16 at 12:42 AM logoETFs with exposure to Safe Bulkers, Inc. : August 14, 2017 - August 14 at 9:04 PM logo30 Shipping Companies to Present at Capital Link's 10th Annual Shipping, Marine Services & Offshore Forum Tuesday, September 12, 2017 in London, UK - August 14 at 3:47 PM logoETFs with exposure to Safe Bulkers, Inc. : August 4, 2017 - August 4 at 7:55 AM logoSafe Bulkers, Inc. :SB-US: Earnings Analysis: Q2, 2017 By the Numbers : July 31, 2017 - August 1 at 6:12 AM logoSafe Bulkers, Inc (SB) to Post Q3 2017 Earnings of ($0.05) Per Share, Seaport Global Securities Forecasts - July 31 at 7:31 AM logoSafe Bulkers, Inc (NYSE:SB) Expected to Post Earnings of -$0.04 Per Share - July 30 at 10:04 PM logoEdited Transcript of SB earnings conference call or presentation 27-Jul-17 12:30pm GMT - July 28 at 7:40 AM logoSafe Bulkers, Inc (NYSE:SB) Posts Earnings Results, Misses Expectations By $0.02 EPS - July 27 at 10:48 PM logoSafe Bulkers, Inc. Reports Second Quarter and Six Months 2017 Results - July 27 at 7:09 AM logoSafe Bulkers reports 2Q loss - July 27 at 7:09 AM logoInvestor Network: Safe Bulkers, Inc. to Host Earnings Call - July 27 at 7:08 AM logoCritical Survey: Safe Bulkers (NYSE:SB) & Scorpio Bulkers (SALT) - July 26 at 4:13 PM logoSafe Bulkers, Inc. (NYSE:SB) Given Average Recommendation of "Hold" by Brokerages - July 22 at 12:29 AM logoSafe Bulkers, Inc. Sets Date for Second Quarter 2017 Results, Conference Call and Webcast - July 21 at 6:54 AM logoSafe Bulkers, Inc (SB) Earns Hold Rating from Stifel Nicolaus - July 19 at 11:29 AM logoSafe Bulkers, Inc (NYSE:SB) Short Interest Update - July 19 at 7:19 AM logoSafe Bulkers, Inc (NYSE:SB) Expected to Post Quarterly Sales of $33.82 Million - July 8 at 8:39 AM logoSafe Bulkers, Inc (NYSE:SB) Expected to Announce Earnings of -$0.05 Per Share - July 6 at 6:18 PM logoETFs with exposure to Safe Bulkers, Inc. : July 4, 2017 - July 5 at 10:23 AM logoSafe Bulkers' (NYSE:SB) Hold Rating Reiterated at Jefferies Group LLC - July 4 at 7:25 AM logoEx-Div Reminder for Safe Bulkers Series D Cumulative Redeemable Perpetual Preferred Shares - April 19 at 9:26 AM logoSafe Bulkers Preferred Exchange Update - My Thoughts - April 7 at 12:29 PM



Safe Bulkers (SB) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by Staff

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