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NYSE:SB

Safe Bulkers - SB Stock Forecast, Price & News

$3.72
-0.01 (-0.27%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$3.69
$3.77
50-Day Range
$3.21
$5.07
52-Week Range
$3.02
$5.44
Volume
439,345 shs
Average Volume
1.32 million shs
Market Capitalization
$452.50 million
P/E Ratio
2.28
Dividend Yield
5.36%
Price Target
$5.75

Safe Bulkers MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
54.6% Upside
$5.75 Price Target
Short Interest
Bearish
5.34% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.95
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-14.71%
From $1.36 to $1.16 Per Share

Overall MarketRank

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

2.41 out of 5 stars

Transportation Sector

50th out of 125 stocks

Deep Sea Foreign Transportation Of Freight Industry

15th out of 31 stocks

SB stock logo

About Safe Bulkers (NYSE:SB) Stock

Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 18, 2022, the company had a fleet of 40 drybulk vessels having an average age of 10.4 years; and an aggregate carrying capacity of 3,925,500 deadweight tons. Its fleet consisted of 12 Panamax class vessels, 7 Kamsarmax class vessels, 15 post- Panamax class vessels, and 6 Capesize class vessels. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.

Analysts Set New Price Targets

Separately, Jefferies Financial Group started coverage on Safe Bulkers in a report on Wednesday, July 20th. They issued a "buy" rating and a $5.00 price objective for the company.

Safe Bulkers Trading Down 0.8 %

Shares of NYSE:SB traded down $0.03 during mid-day trading on Tuesday, hitting $3.70. 16,407 shares of the company traded hands, compared to its average volume of 784,836. Safe Bulkers has a 1 year low of $3.02 and a 1 year high of $5.44. The stock has a market capitalization of $450.07 million, a price-to-earnings ratio of 2.29 and a beta of 0.76. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average of $3.91 and a two-hundred day moving average of $4.12.

Safe Bulkers (NYSE:SB - Get Rating) last announced its earnings results on Wednesday, May 25th. The shipping company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). Safe Bulkers had a net margin of 58.51% and a return on equity of 27.13%. The company had revenue of $73.41 million for the quarter, compared to analysts' expectations of $73.59 million. During the same period in the prior year, the company earned $0.14 earnings per share. On average, sell-side analysts anticipate that Safe Bulkers will post 1.36 earnings per share for the current fiscal year.

Safe Bulkers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 22nd will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend is Friday, August 19th. Safe Bulkers's payout ratio is 12.27%.

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SB Stock News Headlines

3 Shipping Stocks That Could Head Even Higher
Safe Bulkers announces stock buyback program
Safe Bulkers, Inc
Safe Bulkers: Best Value In Dry Bulk
Safe Bulkers Misses Q1 EPS by 4c
See More Headlines
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SB Company Calendar

Last Earnings
5/25/2022
Ex-Dividend for 6/15 Dividend
6/07/2022
Dividend Payable
6/15/2022
Today
8/09/2022
Ex-Dividend for 9/1 Dividend
8/19/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

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
$5.75
High Stock Price Forecast
$6.50
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+54.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$174.35 million
Pretax Margin
52.99%

Debt

Sales & Book Value

Annual Sales
$329.03 million
Cash Flow
$1.74 per share
Book Value
$5.58 per share

Miscellaneous

Free Float
N/A
Market Cap
$452.50 million
Optionable
Optionable
Beta
0.76














SB Stock - Frequently Asked Questions

Should I buy or sell Safe Bulkers stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Safe Bulkers in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SB shares.
View SB analyst ratings
or view top-rated stocks.

What is Safe Bulkers' stock price forecast for 2022?

2 analysts have issued 12 month target prices for Safe Bulkers' stock. Their SB share price forecasts range from $5.00 to $6.50. On average, they expect the company's share price to reach $5.75 in the next year. This suggests a possible upside of 54.6% from the stock's current price.
View analysts price targets for SB
or view top-rated stocks among Wall Street analysts.

How has Safe Bulkers' stock price performed in 2022?

Safe Bulkers' stock was trading at $3.77 at the start of the year. Since then, SB shares have decreased by 1.3% and is now trading at $3.72.
View the best growth stocks for 2022 here
.

Are investors shorting Safe Bulkers?

Safe Bulkers saw a increase in short interest in June. As of June 30th, there was short interest totaling 3,420,000 shares, an increase of 111.1% from the June 15th total of 1,620,000 shares. Based on an average daily volume of 1,360,000 shares, the short-interest ratio is currently 2.5 days. Approximately 4.7% of the company's stock are sold short.
View Safe Bulkers' Short Interest
.

When is Safe Bulkers' next earnings date?

Safe Bulkers is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our SB earnings forecast
.

How were Safe Bulkers' earnings last quarter?

Safe Bulkers, Inc. (NYSE:SB) issued its quarterly earnings results on Wednesday, May, 25th. The shipping company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.25 by $0.01. The shipping company earned $73.41 million during the quarter, compared to analysts' expectations of $73.59 million. Safe Bulkers had a trailing twelve-month return on equity of 27.13% and a net margin of 58.51%. During the same period last year, the business earned $0.14 earnings per share.

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

Safe Bulkers announced a quarterly dividend on Wednesday, July 27th. Stockholders of record on Monday, August 22nd will be paid a dividend of $0.05 per share on Thursday, September 1st. This represents a $0.20 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend is Friday, August 19th.
Read our dividend analysis for SB
.

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 5.42%. SB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 12.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SB will have a dividend payout ratio of 17.24% 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 institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.52%), Harvey Capital Management Inc. (0.51%), Connor Clark & Lunn Investment Management Ltd. (0.37%), Walleye Capital LLC (0.24%), Exchange Traded Concepts LLC (0.09%) and Yorktown Management & Research Co Inc (0.08%).
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 $3.72.

How much money does Safe Bulkers make?

Safe Bulkers (NYSE:SB) has a market capitalization of $452.50 million and generates $329.03 million in revenue each year. The shipping company earns $174.35 million in net income (profit) each year or $1.63 on an earnings per share basis.

How many employees does Safe Bulkers have?

Safe Bulkers employs 9 workers across the globe.

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 302108957070, via email at safebulkers@capitallink.com, or via fax at 211-187-8500.

This page (NYSE:SB) was last updated on 8/9/2022 by MarketBeat.com Staff

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